EUR/USD 1.15849
-0.478%
Gold 3383.23
-0.303%
Oil 62.807
-0.490%
USD/JPY 147.863
0.299%
GBP/USD 1.34396
-0.278%
GBP/JPY 198.721
0.024%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Zhihu (ZH.N) had revenue of 716.9 million yuan in Q2 2025, compared with 934 million yuan in the same period last year.Zhihu (02390.HK): Total revenue in the second quarter of 2025 was 717 million yuan, a year-on-year decrease of 23.5%.On August 27, the Financial Times, citing European and Ukrainian officials, reported that the United States is prepared to provide intelligence, air defense support, battlefield surveillance, and other support to a European-led peacekeeping force in post-war Ukraine. Ukrainian, US, and European officials have been holding talks on post-war security guarantees for Kyiv in preparation for a potential peace agreement with Russia. According to officials familiar with the matter, preliminary concepts for the post-war security plan include the establishment of a demilitarized zone overseen by a neutral peacekeeping force agreed upon by both Russia and Ukraine. Furthermore, NATO-trained Ukrainian troops would guard a more secure border, while European peacekeeping forces would establish a third line of defense further back inside Ukraine, with US resources providing support from behind.The onshore RMB closed at 7.1622 against the US dollar at 16:30 on August 27, down 1 point from the previous trading day.On August 27th, Bai Qingyuan, Deputy Director of the State Administration for Market Regulation, presided over a symposium with individual businesses on August 22nd. He held in-depth discussions with representatives of individual businesses, platform companies, and financial institutions, summarizing work achievements, listening to opinions and suggestions, and discussing and promoting next steps. The meeting noted that platform companies and financial institutions have actively fulfilled their social responsibilities, adding traffic support, reducing operating expenses, multiplying financial empowerment, and addressing capacity gaps for individual businesses, achieving positive results. Further innovative thinking is needed, providing more high-quality, effective support measures to help individual businesses improve their digital operations and cultivate more "seed" businesses.

Oil Prices Decline As U.S. Stocks Rise And China Anxiety Rises

Haiden Holmes

Dec 30, 2022 11:24

8.png


On Thursday, U.S. crude oil prices closed down as a result of an unexpected increase in U.S. weekly crude inventories and continued concerns about the demand outlook in the wake of intensifying cases in China.


On the New York Mercantile Exchange, oil futures settled at $78.40 per barrel, down $0.56, while Brent futures settled at $84.66 per barrel, down $0.53.


Contrary to expectations of a decrease of 1.5 million barrels, U.S. oil inventories grew by 718,000 barrels for the week ending December 23, as reported by the Energy Information Administration (EIA).


Inventories of gasoline unexpectedly declined by 3.1 million barrels, the highest decrease since September, above forecasts for a rise of 520,000 barrels, while distillate supplies grew by 282,000 barrels, below estimates for a decrease of 2.05 million barrels.


The EIA's mixed petroleum data comes at a time when numerous nations are poised to impose new travel restrictions on Chinese tourists, dimming some of the euphoria that had followed the month-long removal of COVID restrictions. Multiple nations, including the United States, Italy, and Japan, imposed testing requirements on Chinese tourists.


It is anticipated that the efforts of the Biden administration to replenish the Strategic Petroleum Reserve by acquiring crude oil in the first quarter of 2016 will increase demand.


According to Craig Erlam, a senior market analyst at OANDA, efforts to replenish strategic petroleum stocks "should be positive for the market and should have provided some support."


Goldman Sachs decreased its price forecast for Brent crude in 2023 to $90/bbl from $110/bbl before, citing the recent decline in commodity prices, but highlighted that it remained bullish on oil prices in the medium term.


Goldman Sachs commented, "For oil prices, we remain bullish on oil prices in the immediate future due to the prospect of rising China demand, decreased supply growth from US shale due to discipline/tight service markets, and OPEC+ quota reduction."

Suggestion