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An EU spokesperson stated: "If necessary, the EU will respond swiftly and decisively to defend our regulatory autonomy and resist unfair practices."An EU spokesperson stated that the EUs digital rules provide a safe, fair, and level playing field for all companies and are implemented in a just and non-discriminatory manner.EU spokesperson: Freedom of expression is a fundamental right in Europe and a core value shared by the entire democratic world and the United States.On December 24th, Audiway announced that it recently received a project designation notice from a leading intelligent driving system integrator, confirming that the company will supply automotive-grade intelligent sensors. According to the clients forecast, the project is expected to start mass production and delivery in December 2026, with a life cycle of 3 years and an estimated total contract value of RMB 176 million (excluding tax).On December 24th, Mousse Holdings announced that its controlling shareholder, Dongguan Muteng Investment Co., Ltd., holds 165 million shares, accounting for 37.92% of the total shares; Wang Bingkun holds 80.355 million shares, accounting for 18.47%; and Lin Jiyong holds 80.355 million shares, accounting for 18.47%, totaling 326 million shares, accounting for 74.86%. The three parties voluntarily committed not to reduce their holdings in any form within 12 months from the date of listing and circulation of the shares issued before the companys initial public offering, i.e., from December 25, 2025 to December 24, 2026. They have not reduced their holdings of the companys shares in the past twelve months.

Oil Price Prediction: After a Sell-Off, Oil Markets Will Rebound

Daniel Rogers

Jul 08, 2022 11:43

截屏2022-07-07 下午4.30.38.png 

 

After a significant sell-off that caused it to go below $100, WTI oil recovers. Recent publication of the Weekly Petroleum Status Report by the EIA acted as another market-bullish stimulus. According to the study, oil stockpiles rose by 8.2 million barrels over the prior week. Analysts anticipated a 1 million barrel decrease in crude stockpiles.

 

The rise in crude oil imports, which climbed by 0.8 million bpd from the previous week, was the main cause of the rise in crude stockpiles.

 

The rapid increase in crude stockpiles may have acted as a negative stimulus for the oil market. Other significant factors, though, supported the uptrend. Stocks of gasoline fell by 2.5 million barrels. Gasoline stockpiles are currently around 8% below the five-year average at this point in the year.

 

At 12.1 million bpd, domestic oil output remained constant. This is a positive development for the oil markets because it demonstrates that, despite high oil prices, domestic oil producers are not prepared to quickly raise production.

What Happens To WTI Oil Next?

WTI oil is still trading in the $100 to $120 area, according to today's trade. Recently made attempts to settle below the $100 mark failed, and WTI oil swiftly returned to the prior trading range.

 

Oil markets are still tight even if concerns about the recession have recently put major pressure on oil prices. There are currently no indications of demand destruction. Additionally, the output of domestic oil is not particularly susceptible to high prices.

 

The major concern to oil markets continues to be a probable recession, so traders will keep an eye on it in the forthcoming trading sessions. As a result of Japan's recent announcement that it is battling the seventh wave of the coronavirus, healthcare news will also need to be kept an eye on.


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