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On May 25th, Alibaba DAMO Academys XuanTie team announced on its official Weibo account that its 9-series high-performance processors have completed adaptation to the Android 16 operating system and have released the XuanTie Android platform to strategic customers. As the worlds first RVA23-compatible RISC-V processor to successfully run the latest version of Android, the XuanTie 9-series represents a breakthrough, marking a new stage in RISC-Vs integration into the Android ecosystem, moving from functional porting to standardized compatibility and product delivery, laying a technological foundation for large-scale commercial deployment. Currently, the XuanTie Android platform is open to the first batch of XuanTie strategic customers, accelerating the exploration of new RISC-V smart terminal scenarios and significantly shortening the cycle from chip prototype to product launch.May 25th - According to Malaysian police, a serious safety accident occurred on an oil drilling platform off the coast of Terengganu, Malaysia, at noon on the 24th. Four workers were conducting maintenance on the bottom of the platform in an enclosed lifeboat when the lifeboats rope suddenly broke. The accident has resulted in three deaths and one serious injury. Petronas, Malaysias national oil company, is actively cooperating with relevant authorities in a full investigation into the cause of the accident.On May 25th, Eamonn Sheridan, an analyst at the US financial website InvestingLive, pointed out that the minutes of the Federal Reserves April meeting showed a significant shift in the Feds stance. Previous statements emphasizing a "flexible and rapid" response to economic data have been replaced by new wording: persistently high inflation, coupled with the uncertainty surrounding the economic impact of the ongoing conflict in Iran, may mean that policy needs to remain paused for a longer period than previously expected. The inflation situation facing new Chairman Warsh is not simply an energy issue. Officials pointed out that high fuel costs are gradually being passed on to shipping rates, airfares, and fertilizer costs, spreading inflationary pressures to a wider range of areas. This transmission effect makes inflation less likely to be seen as a temporary factor, and gives hawkish officials a more sustainable basis for advocating for maintaining high interest rates or even raising them. The market currently expects that if inflation fails to subside, the Fed may resume raising interest rates by the end of 2026 or early 2027. Warsh himself favors rate cuts, but this stance creates a potential conflict with a committee that is clearly becoming more hawkish; as Warshs leadership style gradually emerges, this dynamic could exacerbate volatility in communication within the FOMC.The yield on Japans 30-year government bonds fell 5.5 basis points to 3.955%.Chart: Asian market data for Monday, May 25, 2026

Labor Strike, Political Unrest Fanning Tight Supply Concerns

Skylar Shaw

Jul 05, 2022 15:16

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Norwegian offshore workers started a walkout on Tuesday that would lower the amount of oil and gas produced, the union in charge of the industrial action told Reuters.


America West Texas Tuesday's little increase in intermediate crude oil futures is being attributed to growing supply shortage concerns. A strike by Norwegian workers and political upheaval in Libya are fueling these worries.


Norwegian offshore workers started a walkout on Tuesday that would lower the amount of oil and gas produced, the union in charge of the industrial action told Reuters.


ANZ Research analysts said in a note that Libya risks more supply interruptions as a result of rising political upheaval, making it even less likely that OPEC would reach its recently enhanced output limit.

August Comex gold futures are now trading at $110.36, up $1.93 or +1.78 percent, at 05:29 GMT. The United States Oil Fund ETF (USO) closed at $81.70 on Friday, an increase of $1.35 or 1.68 percent.


Another encouraging development is that OPEC is struggling to fulfill the agreed-upon oil production goals. According to a Reuters poll, OPEC's ten members produced 100,000 less barrels per day (bpd) in June than they had promised to boost production by approximately 275,000 bpd.

The near future

The early Tuesday direction of the August WTI crude oil market will probably be determined by trader response to the short-term 50% level at $111.21.

Positive Scenario

A consistent increase over $111.21 will signal the presence of buyers. Looking for a surge through the short-term Fibonacci level at $113.49, then the major top at $114.05. If this move provides enough upward momentum.


The uptrend will be confirmed if $114.05 is taken out, with a minor top at $116.58 being the next probable destination.

Grizzly Situation

When prices move consistently below $111.21, sellers are present. Due to a string of minor retracement levels around $109.06, $107.79, and $106.31, this might result in a laborious break. The latter is the last possible support before the bottom at $104.56.

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