Real-time News

Citigroup: Given the anticipated market oversupply, but with ongoing geopolitical uncertainty, OPEC+ is more likely to support oil prices at around $60 per barrel during 2026-2027, with the base case scenario assuming no further production cuts during 2026-2027.

The Russian Ministry of Defense stated that 287 Ukrainian drones were shot down over various regions of Russia last night.

Royal Bank of Canada: Lowered its target price for Oracle (ORCL.N) from $310 to $250.

The Hang Seng Tech Index fell further to 1% in the afternoon, while the Hang Seng Index fell 0.17%.

On December 11th, according to the Financial Times, the British government has pledged to the United States to increase National Health Service (NHS) drug spending by £1.5 billion over the next three years, while also seeking new powers to further increase the prices the healthcare system pays for medicines. Sources indicate that to secure exemptions from Trump's drug import tariffs, the UK has committed to increasing drug spending from 0.3% of GDP to 0.35% by the end of 2028, an increase of £1.5 billion. Currently, the UK spends approximately 0.3% of GDP on new drugs. Fiscal research institutions estimate that increasing the proportion to 0.35% would require an additional £1.5 billion at current prices, reaching approximately £1.7 billion by 2028-29. The agreement reportedly also commits to UK drug spending reaching 0.6% of GDP over the next decade, equivalent to approximately £9.1 billion at present values and approximately £13.3 billion at projected 2035 prices.

Piper Jaffray: Raises its price target for Bank of America (BAC.N) to $56, up from $55 previously.

India's NIFTY 50 index turned positive, rising 0.2%.

Kuwait set the official selling price for its January exports of extra-light crude oil to Asia at a discount of $1.9 per barrel to the Oman/Dubai average.

Kuwait has set its official selling price for crude oil exports to Asia in January 2026 at a discount of $1.4 per barrel to the average price in Oman/Dubai.

December 11th, Futures News: Economies.com analysts' latest view: Brent crude oil futures prices fell during the previous trading session, having already given back most of their losses. With prices remaining below the 50-day moving average, a bearish trend dominates in the short term, and prices are fluctuating along the trend line, thus putting pressure on Brent crude oil prices. Furthermore, the Relative Strength Index (RSI) showed a negative overlap signal after reaching overbought levels, indicating that the price movement is too high compared to overbought levels, thus forming a negative divergence.

HSBC Hong Kong: Effective December 12, the interest rate on US dollar savings accounts will be lowered by 12.4 basis points to 0.001%.

CNPC Economics and Technology Research Institute: Demand is expected to stabilize after 2035.

CNPC Economics and Technology Research Institute: By 2030, the global total production capacity of liquefied natural gas will exceed 700 million tons per year.

CNPC Economics and Technology Research Institute: Global natural gas demand will peak at 5 trillion cubic meters between 2040 and 2045, an 11% increase from the 2024 forecast.

CNPC Economics and Technology Research Institute: The peak of oil demand is expected to occur in 2040, compared to the forecast of 2030 last year.

CNPC Economics and Technology Research Institute: The peak of oil demand will be delayed, and the peak level will be higher than previously predicted.

CNPC Economics and Technology Research Institute: By 2035, the demand for fossil energy will reach 12.7 billion tons of standard oil equivalent, an increase of 400 million tons compared to 2025.

The yield on 30-year Japanese government bonds fell 3 basis points to 3.365%.