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April 25 - According to Iranian media reports on the 25th, Imam Khomeini International Airport in Tehran, the capital of Iran, resumed operations that day, with passengers traveling to Medina in Saudi Arabia, Muscat in Oman, and Istanbul in Turkey.On April 25th, the EU announced its 20th round of sanctions against Russia on April 23rd, adding 36 new restrictions on oil exploration, extraction, refining, and transportation. On the same day, the EU also approved a new €90 billion loan to Ukraine. In response, Russian Foreign Ministry spokeswoman Maria Zakharova stated at her weekly press conference on April 24th that Russia would retaliate severely against the EU sanctions, arguing that the EU, currently facing energy pressures, would only suffer the consequences of its own sanctions against Russia. Furthermore, she added that the EUs loan to Ukraine would further exacerbate the EUs own debt burden.Ukrainian Air Force: Russia attacked Ukraine overnight with 619 drones and 47 missiles.On April 25th, according to Huawei Data Storage, the preview version of DeepSeek-V4 was officially released and open-sourced on April 24th. It increases the model context window to 1MB and introduces KV Cache sliding window and compression algorithms, effectively alleviating the computational complexity of Attention and memory access bandwidth pressure. The agents capabilities are significantly improved, exhibiting more efficient and stable performance in long sequence inference and complex task processing. However, the new model also presents new challenges to the infrastructure. Huaweis DCS AI solution integrates Huaweis AI hardware and software products, leveraging its full-stack advantages to deeply adapt to DeepSeek-V4, completing system-level optimization and usability improvements.April 25th - According to data from Maoyan Professional Edition, the total pre-sale box office for new films scheduled for the 2026 May Day holiday has exceeded 15 million yuan. "Letters to Grandma", "Cold War 1994", and "The Vanished Man" are currently ranked as the top three in the pre-sale box office chart for new films during the May Day holiday.

WTI recovers to $87.50 on Iran, OPEC+ buzz

Daniel Rogers

Sep 02, 2022 14:38

 截屏2022-09-01 下午4.56.12_1024x576.png

 

WTI crude oil prices consolidate weekly losses near a two-week low in Friday's Asian session. The energy benchmark hails the expected output drop from major suppliers while ignoring US-Iran oil deal discussions. The market's consolidation before the US jobs data seems to favor the latest commodity bounce.

 

Reuters reports that OPEC+ will meet on September 5 amid a backdrop of dropping prices and demand, even as top producer Saudi Arabia claims supply remains tight. OPEC+ this week reduced its demand estimate, now projecting demand to lag supply by 400,000 bpd in 2022 and 300,000 bpd in 2023.

 

On a second page, Reuters sources Iranian official news as claiming Iran has given a 'constructive' response to US suggestions aimed at restoring the 2015 nuclear deal.

 

Covid-led lockdown in China's Chengdu joins gloomy Manufacturing PMIs and hawkish Fedbets to squeeze WTI crude oil prices.

 

US 10-year Treasury rates decrease one point from late June's highs to 3.25 percent, while two-year bond coupons fall from a 15-year high. The CME's FedWatch Tool predicts a 74% chance of a rate hike in September, up from 69%.

 

Looking ahead, oil traders will watch the US Nonfarm Payrolls (NFP) and Unemployment Rate for August for fresh impulse.

 

Although $85.30-50 horizontal support limits the black gold's immediate fall, recovery is elusive until reaching the 50-DMA and 200-DMA, around $95.15-30.

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