EUR/USD
1.12796
-0.430%
Gold
3214.00
-2.260%
Oil
58.221
0.494%
USD/JPY
145.602
1.752%
GBP/USD
1.32640
-0.500%
GBP/JPY
193.129
1.283%
Real-time News
The EIA natural gas inventory in the United States for the week ending April 25 was 107 billion cubic feet, which was expected to be 107 billion cubic feet and the previous value was 88 billion cubic feet.The U.S. two-year Treasury yield rose 10 basis points to 3.7% during the day.May 2, despite OPECs long-awaited plan to increase production, its crude oil production fell last month, with most of the reduction due to the upcoming US sanctions on Venezuela. A survey showed that OPECs production fell by 200,000 barrels per day in April to 27.24 million barrels per day. Venezuela accounted for about half of the decline in production as international oil producers such as Chevron scaled back their operations as the Trump administration tightened sanctions. However, it is not clear why other OPEC members such as Saudi Arabia and the United Arab Emirates did not take advantage of the agreement reached by the organization to eventually increase supply. The survey showed that the UAE - which even received special discounts for additional production increases - instead reduced production by 80,000 barrels per day to an average of 3.25 million barrels per day. Saudi Arabia only increased production by 20,000 barrels per day, with a production of 8.97 million barrels per day, which is only a part of the agreed production.The Federal Reserve accepted a total of $157.353 billion from 37 counterparties in fixed-rate reverse repurchase operations.According to The Verge: Microsoft (MSFT.O) is in talks with Musks startup XAI regarding the latters large-scale Grok AI model.
