EUR/USD 1.16873
-0.337%
Gold 4724.74
-0.731%
Oil 97.013
7.004%
USD/JPY 159.710
0.259%
GBP/USD 1.34301
-0.279%
GBP/JPY 214.495
-0.022%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
S&P Global Markets Intelligence: Hungarys 5-year credit default swaps (CDS) fell 8 basis points to 100 basis points from Fridays close.Anta Sports (02020.HK): In the first quarter of 2026, the retail sales of all other brand products* (by retail value) recorded a positive growth of 40-45% compared with the same period in 2025.Anta Sports (02020.HK): In the first quarter of 2026, the retail sales of FILA brand products (based on retail value) recorded a positive growth of 10-20% compared with the same period in 2025.Anta Sports (02020.HK): In the first quarter of 2026, the retail sales of Anta brand products (calculated by retail value) recorded high single-digit positive growth compared with the same period in 2025.On April 13, Hong Kong Exchanges and Clearing Limited (HKEX) announced the addition of two new technology-focused indices to its index portfolio: the HKEX Korea Exchange Semiconductor Index and the HKEX Technology & US Technology 100 Index. As the first jointly named indexes by HKEX and Korea Exchange, the HKEX Korea Exchange Semiconductor Index tracks the performance of Hong Kong-listed semiconductor companies eligible for the Stock Connect program, as well as the performance of the Korea Exchange Semiconductor Top 15 Index, representing leading South Korean semiconductor companies. The HKEX Technology & US Technology 100 Index tracks the performance of all constituent stocks of the HKEX Technology 100 Index and the 100 largest technology companies by market capitalization listed on Nasdaq (including the seven largest US-listed companies). Both indices are weighted approximately 60% for Hong Kong-listed companies eligible for the Stock Connect program and approximately 40% for overseas-listed companies, aiming to encourage the inclusion of more exchange-traded funds (ETFs) in the Southbound ETF Connect program and provide mainland Chinese investors with more diverse cross-market opportunities.

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