EUR/USD 1.16067
0.277%
Gold 4361.18
0.623%
Oil 84.751
0.525%
USD/JPY 159.085
-0.328%
GBP/USD 1.35568
0.188%
GBP/JPY 215.673
-0.132%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Axios, the Senate Republican campaign warned in a memo to major artificial intelligence companies that negative public perception of U.S. data centers is eroding Republicans chances of retaining a key seat in Ohio. The National Republican Senate Committee stated that Democrats have made data centers a central issue in their campaign to defeat Republican Ohio Senator Jon Husted, and that this strategy is working.According to data from Maoyan Professional Edition, as of 5:35 PM, the cumulative box office for the 2026 Qixi Festival (August 19th) has exceeded 200 million yuan. "Welcome to the Dragon Restaurant," "Empty Gun," and "Odyssey" are currently ranked as the top three films at the Qixi Festival box office.On August 19th, Deutsche Bank analyst Sanjay Raja noted in a report that UK inflation may rise further. The inflation rate jumped to 2.9% in July from 2.6% the previous month. He stated, "The Bank of Englands core services indicators have all been revised upwards, highlighting some unease about the upward momentum in prices." He added that energy inflation remains volatile due to ongoing uncertainty in the Middle East. However, Raja pointed out that food price inflation has fallen to its lowest level since the end of 2021, and service price growth has also fallen to its lowest point in three months. However, this may only be a temporary relief. He stated, "There are good reasons to believe that food prices in 2027 are likely to move in only one direction—upwards."According to the Lebanese National News Agency, an Israeli Merkava tank fired several shells at the city of Kiam in southern Lebanon.According to Interfax news agency, the Russian Ministry of Defense stated that Russian troops have taken control of Votyansk in the Donetsk region of Ukraine.

Oil Prices Stable Despite Libya's Supply Disruption, And Shanghai Preparing to Reopen

Haiden Holmes

Apr 19, 2022 09:34

o3.png


At 0020 GMT, Brent oil prices were up 21 cents, or 0.2%, to $113.37 per barrel, while US West Texas Intermediate (WTI) crude futures were down 2 cents to $108.19 per barrel.


With the dollar trading at a new two-year high, gains were restricted. A higher dollar is detrimental to foreign-currency oil purchasers.


Both benchmark contracts gained more than 1% in the previous session after reaching their highest level since March 28 after Libya's announcement that it was unable to supply oil from its largest field and had shut down another due to political demonstrations.


The latest supply disruption occurred as China, the world's top oil importer, was anticipated to ramp up demand as industrial units in Shanghai prepared to reopen.


However, demand issues persist as China continues to implement strict controls to minimize COVID outbreaks.


"At the end of the day, we are still in a tractor pull between global supply shortages and China's COVID demand constraint," Stephen Innes, managing director of SPI Asset Management, said in a note.


Meanwhile, the prospect of a European Union embargo on Russian oil in retaliation for Russia's invasion of Ukraine continues to spook the market. Ukraine claimed Tuesday that Russia, which refers to its efforts as a "special operation," has launched an expected fresh onslaught in the country's east.


"The Russian minister's statement that further nations prohibiting Russian oil imports will result in oil prices reaching record highs bolstered market sentiment," ANZ Research analysts said in a report.

Suggestion