EUR/USD
1.16260
0.011%
Gold
4530.58
-0.287%
Oil
97.977
-0.292%
USD/JPY
158.973
0.033%
GBP/USD
1.34406
0.043%
GBP/JPY
213.675
0.080%
Real-time News
On May 21, HSBC Global Investment Research analysts stated in a report that despite supply disruptions caused by the Middle East conflict, the oil market appears to be rebalancing, with prices relatively subdued. They attributed this to a significant reduction in crude oil purchases in some regions, a surge in US exports, and an unusually rapid depletion of inventories and strategic reserves. They added that these factors have eased short-term supply concerns. They further noted that crude oil imports may decline further, potentially releasing supply and limiting prices. However, they also pointed out that US inventories are declining rapidly and may reach the bottom of their five-year range by the end of June or July.Rocket Labs stock price fell 6.3% in pre-market trading after the company filed for a common stock offering of up to $3 billion.Abu Dhabi National Oil Company (ADNOC): The company has deployed the industry’s first heavy-duty robot to improve safety, reliability and performance.The Eurozones composite PMI preliminary reading for May came in at 47.5, a 31-month low. The Eurozones services PMI preliminary reading for May came in at 46.4, a 63-month low. The Eurozones manufacturing output index for May came in at 51, a 4-month low. The Eurozones manufacturing PMI preliminary reading for May came in at 51.4, a 3-month low.Futures News, May 21: Enterprise Singapore (ESG) reported that Singapores light distillate fuel inventories fell by 51,000 barrels to a two-week low of 14.878 million barrels in the week ending May 20.
