OPEC Keeps 2024 Global Economic-Growth Forecast At 2.6%, Maintains 2023 Global Economic-Growth Forecast At 2.7%
Portfolio Pulse from Bill Haddad
The Organization of the Petroleum Exporting Countries (OPEC) has maintained its global economic growth forecast at 2.6% for 2024 and 2.7% for 2023.
September 12, 2023 | 12:17 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
OPEC's unchanged economic growth forecast may influence the performance of the United States Oil Fund (USO).
OPEC's economic growth forecasts can influence global oil prices, which in turn can impact the performance of oil-related ETFs like USO. However, many other factors also affect oil prices, so the impact of this specific news may be moderate.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50