EUR/USD 1.16436
-0.007%
Gold 4202.09
-0.158%
Oil 59.876
0.659%
USD/JPY 155.296
0.120%
GBP/USD 1.33325
0.040%
GBP/JPY 207.053
0.174%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Indias Ministry of Clean Energy: No guidance has been issued to suspend or halt new clean energy financing.The U.S. Geological Survey reports a 5.2-magnitude earthquake 221 kilometers southwest of Tuar, Indonesia.The Russian Ministry of Defense stated that Russian air defense forces shot down 77 Ukrainian drones last night.On December 7th, renowned tech journalist Gurman revealed that Apple CEO Tim Cooks hands "shake occasionally," but the cause of the tremors remains unclear. The report states that this phenomenon has been increasingly discussed within Apple over the past few months. Sources familiar with the matter revealed that both executives and ordinary employees have noticed Cooks trembling hands during meetings and large company events. However, those close to Cook indicate that his health is good.Conflict Situation: 1. Russia – Over the past day, Russian forces struck 152 areas targeting Ukrainian energy and transportation infrastructure, military equipment depots, and temporary deployment sites of Ukrainian armed forces and foreign mercenaries, shooting down 366 Ukrainian drones. 2. Ukraine – Over the past day, 184 battles occurred in the frontline areas. Ukrainian forces repelled dozens of Russian offensives in multiple directions, including Sloborzansk, Kupyansk, and Pokrovsk, destroying Russian tanks, armored vehicles, artillery systems, and other equipment; Ukrainian forces shot down or suppressed 585 attack drones of various types. Other Developments: 1. Zelenskyy spoke with the US, and both sides agreed on the next steps and methods of dialogue. 2. French President Macron will travel to London to assess the situation in Ukraine with the leaders of Britain, Germany, and Ukraine. 3. Ukrainian President Zelenskyy: Speaks with NATO Secretary General Rutte. 4. Turkish Foreign Minister: We are “on the right track” in our mediation efforts in Ukraine and hope that all parties will not leave the negotiating table. 5. The International Atomic Energy Agency (IAEA) has assessed that a protective enclosure used to contain the reactor at the Chernobyl nuclear power plant was damaged, and repairs have been initiated.

WTI bulls continue to dominate in short squeeze

Daniel Rogers

Nov 16, 2022 14:45

截屏2022-09-15 下午3.23.50.png

 

West Texas Intermediate, (WTI) experienced a short squeeze in the final portion of Tuesday's Wall Street session, moving towards in-the-money shorts from the beginning of the week. At the time of writing, the price of black gold is $87.47 and is up approximately 0.7% on the day so far.

 

According to reports, a Russian missile launched as part of an attack on Ukraine's energy systems landed in NATO member Poland and killed two people. The emergency gathering of Poland's leaders is referred to as a "crisis situation." The attack occurred near the village of Przewodow, close to the Ukrainian border, according to Polish media. Since then, the Polish foreign ministry has verified that a Russian-made rocket hit the Polish hamlet of Przewodów. In response, Stoltenberg will preside over an emergency summit of NATO on Wednesday morning.

 

According to ANZ Bank analysts, prices rose late in the session after a crucial pipeline transporting Russian oil to Eastern Europe was shut down due to a power outage. "The Ukrainian pipeline management stated that the cause was Russian artillery. The suspension impacts flows to Hungary, the Czech Republic, and Slovakia. It is currently unknown how long the pipeline disruption will last. This precedes the 5 December imposition of European restrictions on Russian crude oil imports. "Prices for crude oil had been under pressure early in the session due to demand concerns.

 

The data counterbalanced the negative IEA news that the agency has lowered its prediction for 2023 demand growth to 1.6 million barrels per day from 2.1 million bpd this year, while predicting a 240,000 bpd decline in demand in the fourth quarter of this year. "The GDP prognosis has deteriorated and 4Q22 global oil consumption will decline (-240 kb/d) compared to the same period last year. China's consistently sluggish economy, Europe's energy problem, expanding product defects, and the strength of the US dollar all impact hard on consumption "The agency's study stated.

 

"Earlier this week, OPEC also expressed concern about demand and therefore lowered its demand prediction for the fourth quarter. ANZ Bank analysts explained that rising COVID-19 instances in China dragged on confidence despite prospects of reducing virus restrictions earlier in the week. "Numerous large cities continue to report significant case counts. Across the nation, travel remains restrained due to the public's continued anxiety that it will be quarantined.

 

Separately, China has reported an increase in Covid infections, and many people under lockdown in the manufacturing hub of Guangzhou broke the containment barriers to protest in the streets. China's weak demand has been a drag on oil prices. Reuters stated that "new cases in Guangzhou surpassed 5,000 for the first time, increasing concerns that the city of more than 15 million could face larger lockdowns" The government reported 17,772 new cases of the coronavirus on Monday, up from 16,072 the day before.

Suggestion