EUR/USD 1.14875
0.049%
Gold 3964.68
0.833%
Oil 60.246
-0.010%
USD/JPY 153.539
-0.074%
GBP/USD 1.30170
-0.019%
GBP/JPY 199.865
-0.087%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Kawasaki Heavy Industries of Japan: A subsidiary has won a $1.5 billion contract with the New York City Department of Transportation to supply 378 subway cars.November 5th, Futures News: Economies.com analysts latest view: WTI crude oil futures fell in the previous trading day, influenced by downward pressure from the continued absence of the EMA50, which strengthened the dominance of the main short-term downtrend, and its movement is consistent with the trendline supporting this downtrend. Note that after the oversold condition was resolved, the Relative Strength Index (RSI) began to show a negative crossover, which increased downward pressure on prices and increased the likelihood of continued declines in the coming trading sessions.November 5th, Futures News: Economies.com analysts latest view: International spot gold closed lower in the previous trading day, breaking below the key support level of $3950, which was the target level anticipated in our previous analysis. Meanwhile, with gold prices remaining below the 50-day moving average, downward pressure persists, further solidifying the stability of the bearish corrective trend, and gold prices are currently trading along the support trendline of this move. Although the Relative Strength Index (RSI) has reached oversold levels, the emergence of negative signals indicates weakening bullish momentum and confirms the dominance of sellers in the current trading.The bid-to-cover ratio for the Japanese 10-year government bond auction was 2.97, lower than the 3.34 of the previous auction in October.United Parcel Service (UPS.N): We will be suspending parcel sorting operations at Worldport tonight.

Oil Prices Continue to Decline As Large COVID Testing Has Commenced in China

Haiden Holmes

Apr 28, 2022 09:38

o3.png


Oil prices fell slightly in early Asian trade on Thursday, driven down by fears over growing coronavirus cases in China, the world's largest oil importer.


Beijing's capital recorded 48 new symptomatic and two new asymptomatic COVID-19 cases for April 27, according to state broadcaster CCTV.


The city had previously reported 31 symptomatic cases and three asymptomatic cases as part of a mass testing program aimed at controlling a new outbreak.


By 0006 GMT, Brent crude futures had fallen 37 cents, or 0.4 percent, to $104.95 a barrel. West Texas Intermediate crude futures in the United States lost 27 cents, or 0.3%, to $101.75 a barrel.


Beijing authorities are stepping up their efforts to contain COVID-19 infections and avert the city-wide shutdown that has engulfed Shanghai for a month.


Hangzhou, China's 12.2 million-person city and headquarters of e-commerce giant Alibaba (NYSE:BABA), will begin broad COVID testing on April 28, official media said Wednesday.


Concerns about a global energy supply shortage following Russia's invasion of Ukraine and subsequent sanctions imposed on Moscow by the US and its allies underpin the market.


Gazprom (MCX:GAZP), the Russian energy behemoth, announced on Wednesday that it has interrupted gas deliveries to Bulgaria and Poland.


According to trading records, Shell (LON:RDSa) announced that it would no longer take refined oil blended with Russian products, while Exxon Mobil (NYSE:XOM) declared force majeure on its Sakhalin-1 facilities in Russia's far east.

Suggestion