EUR/USD 1.16654
-0.040%
Gold 4247.40
0.509%
Oil 56.949
-0.278%
USD/JPY 150.925
0.298%
GBP/USD 1.34333
-0.028%
GBP/JPY 202.747
0.271%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US President Trump: Indian Prime Minister Modi once told me that he would not participate in Russian oil transactions.Japans 5-year government bond yield rose 2.5 basis points to 1.215%.On October 20th, CICC Research stated that it believes the current round of risks at two US banks is smaller in both scale and severity than the previous round. It is more a reaction to sentiment fueled by isolated credit risk events and does not currently constitute a systemic shock to the financial system. However, this incident reflects the trend of rising credit risk in a high-interest rate environment. If this leads to a decline in risk appetite in the credit market and tighter lending conditions, it could lead to further liquidity tightening. However, until the overall US economy shows clear signs of recession, the credit tightening is likely to be mild and unlikely to escalate into a crisis.Leapmotor (09863.HK) announced on the Hong Kong Stock Exchange on October 20th that its Chairman and CEO, Zhu Jiangming, and shareholder, Fu Liquan, purchased a total of 3,243,500 H shares of the Company on the market at an average price of approximately HK$63.19 per share. Following this increase, as of the date of this announcement, Mr. Zhu Jiangming and Mr. Fu Liquan, together with their largest shareholder group, hold a total of 206,949,938 H shares and 128,517,839 domestic shares of the Company, representing 23.59% of the Companys total issued shares.US President Trump: There has been no discussion about having Ukraine cede the Donbas region to Russia.

Due to a weaker dollar and possible supply interruptions, oil prices rise

Skylar Williams

Sep 15, 2022 10:45

26.png


Oil prices climbed in early Asian trade on Thursday due to supply concerns and a potential rail shutdown in the United States, the largest petroleum consumer in the world.


Brent crude prices rose 38 cents, or 0.4%, to $94.48 a barrel as of 00:13 GMT, while U.S. West Texas Intermediate crude futures rose 46 cents, or 0.5%, to $88.94 per barrel.


The dollar index lost 0.14 percent on Wednesday, erasing the previous session's gains and increasing demand for dollar-denominated commodities such as crude oil among holders of other currencies.


The International Energy Agency (IEA) announced on Wednesday that it expected a large-scale switch from natural gas to oil for heating purposes, forecasting an average of 700,000 barrels per day (bpd) between October 2022 and March 2023 - double the amount of the previous year. This, together with the widespread expectation of a sluggish expansion in supply, also contributed to the market's increase.


The greater possibility of a U.S. rail shutdown due to an ongoing labor dispute also helps to market support. Three unions are negotiating a new contract that might hinder crucial oil and product train shipments.


Wednesday, TotalEnergies SE cut output at its 238,000-barrel-per-day (bpd) Port Arthur, Texas, refinery owing to the anticipated shutdown of two sulfur recovery units, according to sources familiar with plant operations (SRUs).

Suggestion