EUR/USD 1.15271
-0.007%
Gold 4110.41
0.166%
Oil 82.584
-0.077%
USD/JPY 159.631
0.077%
GBP/USD 1.34663
0.008%
GBP/JPY 214.968
0.095%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Microsoft (MSFT.O) shares closed up 15.5% on Thursday, marking the companys fourth-largest single-day gain and the largest single-day market capitalization increase in U.S. stock history. Investors welcomed its strong earnings report, breaking the recent generally sluggish market sentiment towards artificial intelligence-related companies. The stocks year-to-date decline narrowed to 5.8% from approximately 19.3% at Wednesdays close. Data analysis shows that this surge added $450 billion to Microsofts market capitalization, surpassing Nvidias $440 billion single-day gain on April 9, 2025, becoming the largest market capitalization increase in U.S. stock history.US President Trump: The Peace Committee has reached a historic agreement to completely disarm Hamas and all other armed groups in Gaza.Conflict Situation: 1. Russian Ministry of Defense: Russia launched a large-scale attack on Ukraine from the evening of the 29th to the early morning of the 30th. 2. Ukrainian officials: Russian missile and drone attacks killed at least eight people overnight. 3. Sources say the Russian Riyazan oil refinery ceased operations on Wednesday due to a drone attack. 4. Ukrainian military: The commander of the Ukrainian drone force stated that Ukrainian troops hit four Russian oil tankers in the Black Sea and the Sea of Azov. 5. Market news: Sources say Ukraine launched a drone attack on Russias Lukoil Perm oil refinery on Wednesday, causing a fire. 6. Market news: Agricultural market sources say a Ukrainian drone attacked a grain export terminal at the Russian port of Taman, causing significant damage. 7. According to CGTN: Local power plant officials stated that a drone belonging to the Ukrainian armed forces attempted to attack critical infrastructure at the Zaporizhia nuclear power plant. 8. Russian Ministry of Defense: Russia seized Chernyshevka in the Donetsk region, Malaslobidka and Mokhlitsia in the Sumy region, and Yurchenkov in the Kharkiv region. 9. Ukrainian President Zelensky: Kyiv and several other locations were attacked overnight. Russia used over 70 missiles and more than 280 attack drones in the attack. Over 260 drones were intercepted. Other developments: 1. Russia extends fuel export ban for 6 months. 2. Polish Prime Minister Tusk: Poland may consider providing Patriot missile interceptors to Ukraine. 3. Central Bank of Ukraine: Russian attacks on Ukrainian port infrastructure will result in a $2.5 billion loss of foreign exchange earnings. 4. EU: Has allocated €3.47 billion to Ukraine; the latest funds will be used for drones, missiles, air defense systems, and fighter jets. 5. Ukrainian President Zelensky: Signed a decree appointing Oleksiy Sobolev as Deputy Chief of Staff of the Presidential Office. 6. Latvian Ministry of Defense: Representatives of Ukraine and Latvia signed a memorandum of understanding in Riga on cooperation in the development, production, and testing of unmanned systems. 7. Market news: Sources say Russian oil exports through western ports in July are expected to decline by about 4% compared to June, as the Ukrainian attacks reduced shipments to the Black Sea.Vale (VALE.N) expects its nickel production to be between 185,000 and 200,000 tons in 2026, up from its previous forecast of 175,000 to 200,000 tons.Vale (VALE.N) expects its copper production to be between 360,000 and 380,000 tons in 2026, up from its previous forecast of 350,000 to 380,000 tons.

WTI price falls below the $76 mark amid altering financial dynamics and global growth concerns

Alina Haynes

Mar 14, 2023 11:40

截屏2023-01-13 下午5.17.06.png

 

The West Texas Intermediate (WTI) price is unchanged on Tuesday amid a weaker US Dollar and muted risk sentiment. WTI fell to a low of $72.31 on Monday as a result of a strong risk-off environment sparked by the repercussions from Silicon Valley Bank (SVB) and Signature Banks. Since then, the WTI price has risen significantly as a result of the Federal Reserve's plan to intervene. After reaching a peak of approximately $76 on Monday, the WTI price retreated as the dynamics of the US Dollar shifted.

 

The financial system is being harmed by rising borrowing costs around the world and growth concerns are being raised. The WTI price is in a corrective decline as the narrative of China's reopening does not appear optimistic, as the country has lowered its growth forecast to 5.0%.

 

The SVB debacle exacerbates global growth concerns, as it is interpreted as the first of many financial system dings. Due to rising financing costs, businesses are struggling to make their repayments, which will eventually result in a decline in demand.

 

Despite tightened production and numerous voluntary cuts from the Organization of the Petroleum Exporting Countries (OPEC), the WTI price is struggling to surpass $80.

 

Oil prices are influenced by a number of variables, including the US dollar, inflation, OPEC, and global growth concerns. Considering the aforementioned factors, it is difficult to rationalize the directional nature of oil prices, but it appears that the oil market is primarily driven by development concerns.

 

Since these nations are struggling to maintain oil prices above the desired $80 mark, it will also be crucial to monitor the OPEC position on reduced oil prices.

Suggestion