MARKET WRAP: JSE ends lower as oil falls on production recovery reports
Statistics SA set to release CPI for August with consensus on acceleration to 4.2% from 4% in July
17 September 2019 - 19:05
The JSE closed in negative territory on Tuesday as investors remained cautious ahead of the US Federal Reserve’s (Fed’s) decision on interest rates.
Brent crude prices slumped late on Tuesday following reports that Saudi Arabia is close to restoring 70% of the 5.7-million barrels per day (bpd) of oil production it lost after a drone attack at state-owned Aramco’s oil facilities at the weekend. The attack more than halved the country’s oil production capabilities. Reuters reported on Tuesday, however, that Saudi Arabia will restore full production in the next two to three weeks...
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