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The Bank of France expects growth in the first quarter to be between 0.2% and 0.3%, following a 0.2% increase in the fourth quarter of last year.US President Trump: Apart from my firm insistence that negotiations with Iran continue to see if an agreement can be reached, no decisions were made in the meeting with Netanyahu.On February 12, the Bank of Canada stated that recent U.S. actions regarding trade, foreign policy, and central bank independence are making the world "more volatile" and exacerbating uncertainty. In January 2026, the bank maintained its interest rate at 2.25% for the second consecutive time, with officials citing increased uncertainty as making it difficult for policymakers to determine whether to raise or lower rates next. The meeting minutes reiterated that "it is difficult to predict the timing and direction of the next policy rate change." The Governing Council explicitly identified Canadas southern neighbor as the most serious source of instability, although the minutes did not directly name Trump. The minutes cited examples of the Trump administrations international and trade policies as sources of instability, and for the first time included Trumps attacks on the Federal Reserve in internal central bank discussions. The minutes stated that "recent geopolitical events—including in Venezuela, Iran, and Greenland, and threats to the independence of the Federal Reserve—have made the world more volatile," and that "U.S. trade policy is increasingly being used for geopolitical purposes rather than economic purposes, and therefore becoming more unpredictable."February 12th - Sources indicate that the Federal Reserve has signaled to the banking industry its intention to drop some of the corrective action warnings previously issued to certain institutions. This move comes as Vice Chairman Bowman continues to ease regulations on U.S. financial institutions. Earlier this month, Fed officials informed banks that reviewers would begin assessing pending warnings. These warnings, essentially private corrective orders, require banks to fix operational deficiencies. Sources say that warnings will be withdrawn if they do not align with recent Fed directives (that reviewers should focus more on immediate risks to a banks financial health than on process and procedure issues). The Feds action targets so-called "issues of concern" and "issues of immediate concern," the latter typically requiring swift action. These directives can arise from various aspects of a banks operations, including financial health, cybersecurity preparedness, or executive succession planning. Sources say the Fed will still issue directives during routine inspections, but the trigger thresholds will be raised.According to Futures News on February 12, as of the close of trading at 2:30 PM, the main Shanghai Gold futures contract rose 0.44%, the main Shanghai Silver futures contract rose 2.27%, and the main SC crude oil futures contract rose 0.82%.

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

Skylar Williams

Jul 13, 2022 11:03

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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.