EUR/USD 1.15262
0.080%
Gold 4069.45
0.048%
Oil 57.537
-0.584%
USD/JPY 156.702
0.201%
GBP/USD 1.30900
-0.111%
GBP/JPY 205.127
0.090%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Kremlin: We have not received any official information from the Geneva talks on Ukraine peace.German financial institutions predict that bond issuance in 2026 could exceed €500 billion.On November 24th, WeRide (00800.HK) announced that its total revenue for the third quarter of 2025 was RMB 171 million, a year-on-year increase of 144.3%. Product revenue increased by 428.0% year-on-year to RMB 79.2 million, and service revenue increased by 66.9% year-on-year to RMB 91.8 million. Revenue from autonomous taxis increased by 761.0% year-on-year to RMB 35.3 million, accounting for 20.7% of total revenue, up from 5.8% in the third quarter of 2024. Gross profit was RMB 56.3 million, a year-on-year increase of 1,123.9%, with a gross profit margin of 32.9%.Gold prices held steady on Monday, November 24th, as rising expectations of a Federal Reserve rate cut next month helped offset pressure from a stronger dollar. Ole Hansen, head of commodity strategy at Saxo Bank, said, "Investors assessed the prospect of another Fed rate cut after New York Fed President Williams hinted at room for a rate cut amid a weakening job market, and gold prices held steady. However, other officials were more cautious." Williams said on Friday that U.S. interest rates could fall without jeopardizing the Feds inflation target, while also helping to protect against a decline in the job market. According to CME FedWatch, after Williams dovish comments, bets on a rate cut next month surged from 40% to 72%.According to Hong Kong Stock Exchange filings, on November 18, 2025, JPMorgan Chase reduced its long position in Bilibili (09626.HK) from 16.59% to 16.44%.

Oil prices fall owing to rising U.S. stocks and weaker demand

Skylar Williams

Jul 13, 2022 11:03

6.png


Oil prices dipped in early Asian trade on Wednesday with the release of U.S. inventory data indicating a rise in crude oil and refined products, amid rising fears of a global economic slowdown.


Brent oil futures shed 68 cents, or 0.7 percent , to $98.81 a barrel at 0002 GMT. The price of U.S. West Texas Intermediate crude oil dropped 72 cents, or 0.8 percent, to $95.12 a barrel, which is also the lowest level in three months.


Concerned that aggressive interest rate increases to battle inflation may precipitate a recession, which will severely influence oil consumption, investors have sold their oil holdings. Due to volatile trading, prices dropped by more than 7 percent in the previous session.


China's renewed COVID-19 travel restrictions had an effect on the market. Multiple cities in the world's second-largest economy have enacted further restrictions, ranging from firm closures to wider lockdowns, to prevent the spread of a highly dangerous virus strain.


During the week ending July 8, crude oil stocks climbed by around 4.8 million barrels in the United States. According to market sources citing data issued by the American Petroleum Institute on Tuesday, gasoline supplies grew by 3 million barrels, while distillate stockpiles increased by 3,3 million barrels.


The dollar index, which compares the dollar to a basket of six other currencies, reached its highest level since October 2002 on Tuesday, reaching 108.56.


Since oil is frequently priced in U.S. dollars, a stronger dollar makes the commodity more expensive for foreign currency holders. During times of market volatility, the dollar is often viewed as a safe haven by investors.


Suggestion