EUR/USD 1.14005
-0.130%
Gold 4016.24
-2.242%
Oil 74.710
4.530%
USD/JPY 162.332
0.373%
GBP/USD 1.33804
-0.130%
GBP/JPY 217.212
0.243%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Canadian Oil Sands Alliance: The federal government, the Alberta provincial government, and relevant companies have reached an agreement to advance the implementation path of carbon capture and storage projects.The German DAX 30 index closed up 22.95 points, or 0.09%, at 25,108.37 on Monday, July 13; the UK FTSE 100 index closed down 5.86 points, or 0.06%, at 10,491.43 on Monday, July 13; and the French CAC 40 index closed up 25.68 points, or 0.31%, at 8,364.65 on Monday, July 13; Europe The Stoxx 50 index closed down 1.51 points, or 0.02%, at 6268.46 on Monday, July 13; the Spanish IBEX 35 index closed down 59.80 points, or 0.31%, at 19324.90 on Monday, July 13; and the Italian FTSE MIB index closed up 188.33 points, or 0.36%, at 52802.50 on Monday, July 13.Iranian Revolutionary Guard: Three members of the Islamic Revolutionary Guard Corps were killed in a US airstrike on Iran on Monday.EU High Representative for Foreign Affairs and Security Policy Karas: There is no guarantee that the cap mechanism on Russian oil prices will continue.On July 13, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held talks with Kazakh Foreign Minister Kosherbayev in Beijing. Wang Yi stated that China firmly supports Kazakhstan in forging a successful development path suited to its national conditions and supported by its people. China is willing to maintain exchanges at all levels with Kazakhstan, strengthen exchanges of experience in governance, promote all-round pragmatic cooperation, and continuously enrich the connotation of the China-Kazakhstan permanent comprehensive strategic partnership. China welcomes Kazakhstans accession to the International Court of Mediation and appreciates Kazakhstans constructive role in multilateral platforms such as the China-Central Asia Mechanism, the Shanghai Cooperation Organisation, and the Conference on Interaction and Confidence-Building Measures in Asia (CICA). China is willing to work with Kazakhstan to uphold international fairness and justice and promote world peace and development. The two sides also exchanged views on international and regional issues of common concern. Following the talks, Kosherbayev, witnessed by Wang Yi, signed the Convention of the International Court of Mediation on behalf of the Kazakh government.

WTI advances toward $75.00 as China-related demand optimism offsets recession fears

Daniel Rogers

Jan 09, 2023 11:55

244.png 

 

In the early hours of Monday, WTI steadily climbs near the intraday high of $74.70 as bullish emotion competes with economic slowdown worries. Despite this, the weaker US Dollar and a light schedule allow buyers of black gold to maintain control following Friday's mixed performance.

 

In spite of this, the risk profile remains elevated in light of China's reopening of its borders after a three-year closure. On the same line, Guo Shuqing, party secretary of the People's Bank of China, made his remarks (PBOC).

 

Reuters, transmitting China unlock news, claimed that "about 2 billion journeys are anticipated this season, roughly doubling the volume of previous year, and recovering to 70% of 2019 levels," citing a statement from the Chinese government.

 

On the other side, PBOC's Shuqing stated, "The world's second-largest economy is likely to recover rapidly due to the country's optimal Covid-19 response and the continued implementation of its economic policies."

 

The US Dollar Index (DXY) fell the most in three weeks the day before, down 0.20% intraday to 103.70 as of press time, as the US employment report failed to excite greenback purchasers and the US activity numbers stoked fears of an economic slowdown. It's worth mentioning that the previous day's disappointing US wage growth, ISM Services PMI, and Factory Orders weighed on Treasury bond yields and the DXY.

 

On a different page, reports regarding a delay in the restoration of the colonial pipeline and the Russia-Ukraine conflict appear to also benefit energy buyers. Traders fear additional rate hikes ahead of the release of the Consumer Price Index (CPI) for December from China and the United States on Wednesday and Thursday, respectively, which tests the positive momentum.

Suggestion