EUR/USD 1.14404
-0.019%
Gold 4015.33
0.979%
Oil 81.356
3.134%
USD/JPY 162.380
0.010%
GBP/USD 1.34578
-0.153%
GBP/JPY 218.532
-0.116%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 18th, Ren Zeping was embroiled in controversy again. It is reported that his team disbanded the VIP group chat this week. An assistant from Ren Zepings team stated that the group chat was disbanded because "it was discovered that someone was using our group to send fraudulent links and privately create groups to post inappropriate information. To ensure everyones safety, we will no longer use the group for information notifications." Course registration and membership benefits will continue as normal. Third-party platform data shows that since the beginning of this year alone, Ren Zepings paid knowledge courses on his platform have sold between 20,000 and 100,000 units. The top five courses are all part of the 2980 RMB annual membership, with over 8800 units sold. Based on the listed price, this revenue alone is conservatively estimated to be over 26.22 million RMB. Currently, this membership service is still available for purchase on platforms such as WeChat Mini Programs.On July 18th, at the 2026 World Artificial Intelligence Conference (WAIC), NetEase Youdao publicly showcased its Youdao OpenPods for the first time. The device supports real-time simultaneous interpretation in over ten languages and features recording transcription, automatic generation of structured minutes, and mind maps. It is understood that the earphones are already in mass production and are expected to be officially launched in August. Youdao stated that OpenPods will be exported in the future.On July 18th, at the 2026 World Artificial Intelligence Conference, renowned futurist and "father of the Silicon Valley spirit," Kevin Kelly, stated in a media interview that if one day everyone starts to care about the cost of tokens, the existence of open-source models will be an advantage for Chinese AI. Kelly mentioned that the cost of token consumption is becoming increasingly important, while currently, people dont seem to care about the cost. "But I think that when we are constantly consuming such a huge amount of tokens, people will become concerned (about the cost). If you can provide a model with a cost that is only one-tenth of Anthropics, then it will be a game-changer." However, Kelly also cautioned that the open-source model requires sufficient funding to operate, as it is not as profitable as the closed-source model. "Building these large models requires a huge amount of capital."A spokesperson for the Kuwaiti Ministry of Defense stated that since early this morning, the armed forces have detected enemy ballistic missiles and drones in Kuwaiti airspace and have intercepted and dealt with them. Iranian attacks continue to target multiple military and security facilities in Kuwait, as well as several critical infrastructure and civilian facilities. The attacks affected facilities in the oil and power sectors, causing fires and significant damage.The Ukrainian Ministry of Defense reported that in the first half of 2026, the Ukrainian military signed drone contracts totaling approximately $7.5 billion, double the total for the previous year. FPV drones accounted for the largest share of these contracts.

WTI crude oil drifts above $80.00 amidst a US Dollar rebound and supply shortage concerns

Alina Haynes

Apr 10, 2023 14:16

 101.png

 

In the early hours of Monday, purchasers of WTI crude oil struggled to maintain the price above $80.70 as risk aversion and hawkish Fed forecasts bolstered the US Dollar. However, threats to Oil supplies, primarily emanating from China and OPEC+, appear to keep purchasers of black gold optimistic.

 

US Dollar Index (DXY) reverses a four-day downtrend near 102.25 despite the inability of US Treasury bond yields to recover due to recession concerns. However, US 10-year and 2-year Treasury bond yields remain under pressure near 3.37 percent and 3.95 percent, respectively. In doing so, the benchmark bond coupons extend the previous day's losses and illustrate the market's flight to protection in response to concerns of an economic decline.

 

In spite of this, the recent disappointing US data reignite concerns of a recession in the world's largest economy and challenge the optimists in the energy sector. However, the positive US Nonfarm Payrolls (NFP) data enabled Fed hawks to return to the table and renew demands for a 0.25 percentage point rate hike in May. The same constrains the value of the US dollar and stimulates demand for WTI crude oil.

 

On the other hand, geopolitical concerns surrounding China, particularly after the dragon nation's military exercises near Taiwan, combine with last week's unexpected OPEC+ production cut to keep Oil purchasers optimistic.

 

China's willingness to defend the global economy through robust monetary and fiscal easing at home also enables Oil purchasers to maintain optimism in the face of optimism among the world's largest Oil consumers.

 

The Easter Monday holiday in spot markets may limit Oil price movements, but the investors appear to be out of steam, so US inflation and Fed Minutes will be closely monitored for signs of a pullback.


Suggestion