WASHINGTON/LONDON (Reuters) -U.S. and global equity benchmarks hit all-time highs on Monday, as the Federal Reserve appeared in no rush to step away from its massive stimulus, as U.S. oil prices edged higher in choppy trading. MSCI’s benchmark for global equity markets hit a record. Nearly all U.S. offshore Gulf oil production, or 1.74 million barrels per day, was suspended in advance of the storm. They rose more than 11% last week in anticipation of disruptions to oil production from Hurricane Ida. U.S. oil rose 47 cents to $69.21 a barrel, having jumped a little more than 10% over the last week.

Source: MetroXpress August 30, 2021 14:21 UTC