EUR/USD 1.16185
-0.144%
Gold 5169.74
0.606%
Oil 86.523
3.788%
USD/JPY 157.652
-0.006%
GBP/USD 1.34321
-0.028%
GBP/JPY 211.764
0.031%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 10th, the "2026 Douyin Mini-Game Industry White Paper" was officially released at the Douyin Interactive and Game Industry Conference. Data shows that by the end of 2025, the daily active users of Douyins "Little Fireman" mini-game had exceeded 100 million, with 81.6% of its traffic coming directly from private messages and social sharing within the Douyin ecosystem. Data from the Game Publishing Committee shows that the market size of mini-games in my country reached 53.54 billion yuan in 2025, a year-on-year increase of 34.4%, and is expected to exceed 100 billion yuan in 2027. In terms of user scale, the monthly active users (MAU) of mini-games were approximately 600 million in 2025, and are expected to approach 700 million in 2026.The Japan Meteorological Agency stated that the probability of an El Niño event occurring this summer is 60%.On March 10th, Iranian Foreign Minister Araqchi stated in an interview with PBS on March 9th that he did not believe Irans new Supreme Leader would consider dialogue or renegotiating with the United States. The Iranian Foreign Minister emphasized that the slowdown or even stagnation of oil production and transportation in the Middle East, leading to insecurity throughout the region, is the responsibility of the United States and Israel, and that Iran bears no responsibility for it—this is a "war imposed on Iran," and what Iran did was merely "legitimate and justified self-defense."The Japan Meteorological Agency stated that normal weather conditions are expected to continue throughout the spring season, with a 50% probability.The Japan Meteorological Agency stated that there is a 50% probability of an El Niño event occurring in the Northern Hemisphere this spring.

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