EUR/USD 1.16781
-0.002%
Gold 4616.23
-0.014%
Oil 85.966
-0.375%
USD/JPY 158.904
-0.057%
GBP/USD 1.36439
-0.020%
GBP/JPY 216.811
-0.077%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 24th, according to a report by Israels Channel 12 on the 23rd, sources revealed that Syrian Transitional Government Foreign Minister Shibani met with Israels intelligence and special operations agency (Mossad) director Goffman that day. The report stated that the meeting was "effective" and aimed at easing tensions between the two countries. Previously, on the 18th, the Israeli military carried out an airstrike on the Abu Zukhur airbase in Idlib province in northwestern Syria, which the Syrian Transitional Governments Foreign Ministry strongly condemned as an "act of aggression without any justification."On August 24th, Israeli Prime Minister Benjamin Netanyahu and Defense Minister Katz warned Hamas on the 23rd that if they did not immediately stop "flying kites" from the Gaza Strip into Israel, the Israeli military would intensify its crackdown on those involved and evacuate residents from relevant areas of the Gaza Strip. According to Israeli media reports, at least four kites flying from the Gaza Strip landed on collective farms in southern Israel near the Gaza Strip this weekend. The Israeli military stated that no suspicious items were found on these kites, and that the kites did not pose a danger to the public. However, these kites are reminiscent of kites and balloons carrying incendiary devices that were flown from the Gaza Strip in previous years, causing fires in several parts of southern Israel.On August 24th, U.S. House Speaker Boris Johnson told Fox News that he expects the war with Iran to enter a "new phase." In an interview with Fox News on Sunday, Johnson said, "I think were about to enter a new phase. I believe our allies will assist in the next phase, and we will get this over with." He claimed that President Trump successfully prevented Iran from acquiring nuclear weapons, a goal "common to successive administrations." Johnson stated, "Everyone knows we cut the snakes head (eliminated the core leadership), and you cant trust the Iranians across the negotiating table, and thats the challenge."Conflict Status 1. US casualties in the Iran war rise to 774. 2. Iranian President says the state of neither war nor peace should be ended. 3. Iran says it has developed response plans for all kinds of hostile actions by the US. Strait of Hormuz 1. Iranian parliamentary committee approves service fees for ships passing through the Strait of Hormuz. 2. Irans Persian Gulf Straits Authority: Violating vessels may be fined and seized. 3. US military says it has intercepted 75 merchant ships since imposing a naval blockade on Iran. 4. UK Maritime Trade Operations Office: Traffic in the Strait of Hormuz and the Bab el-Mandeb Strait has decreased. 5. Secretary of Irans Supreme National Security Council: Tehran will not succumb to US economic pressure, and the Strait of Hormuz will remain closed until Washington fulfills its commitments. 6. Secretary of Irans Supreme National Security Council: If the economic war continues, not a single drop of oil will be exported from the Strait of Hormuz or anywhere in the Persian Gulf. Iran will consider any countrys participation in or support of the US economic war against the Iranian people as an act of war. Other Matters 1. Iranian Ambassador: US military morale is very low. 2. The Syrian transitional government: Expected to resume security agreement negotiations with Israel soon. 3. It is reported that Iran has been invited to join the Mecca Mutual Defense Agreement established by Saudi Arabia, Turkmenistan, and Pakistan. 4. Iranian Oil Minister: 7.5 trillion cubic feet of natural gas discovered in southern Fars province. 5. According to Al Jazeera: Macron and the Saudi Crown Prince will meet in Paris to discuss the situation in Hormuz. 6. Secretary of Irans Supreme National Security Council: Iran has already shipped out 70 million barrels of oil in just the past "one or two months". 7. According to Israels i24 news channel: Colombia announced the resumption of coal exports to Israel, lifting restrictions imposed in August 2024. 8. According to Israels Channel 12, citing sources, Washington warned Hamas against failing to comply with or attempting to circumvent the disarmament agreement. 9. According to the Syrian state news agency: Syrian diplomatic sources said that, with US mediation, a Syrian delegation met with an Israeli delegation in Jordan on Sunday. The meeting aimed to ease tensions between the two sides following Israels recent airstrikes on Syrian airbases. Discussions focused on establishing a mechanism to stop Israeli aggression and arrests and to restart the negotiation process.On August 24th, Michael Burry, the real-life inspiration for the film "The Big Short," revealed that Alibaba (BABA.N) is overvalued and he recently sold all his holdings to buy JD.com (JD.O). He originally planned to sell back most of his Alibaba shares in a month or two, but plans have changed; he will not be interested again unless Alibabas share price drops by half. Regarding Alibabas recent announcement of a share placement to raise approximately HK$80 billion for artificial intelligence investment, Burry admitted he could not support the placement.

Look at $83.88 on NYMEX crude oil

Oct 26, 2021 11:03

On Thursday (October 14), international oil prices rose. The reason is that with the advent of winter, high natural gas prices may prompt people to switch to oil to meet heating needs. NYMEX crude oil looks at $83.88.

At 14:15 GMT+8, NYMEX crude oil futures rose 0.85% to US$81.12/barrel; ICE Brent crude oil futures rose 0.90% to US$83.93/barrel.


Hiroyuki Kikukawa, general manager of Nissan Securities’ research department, said: “Investors are betting that with the arrival of the winter demand season, soaring natural gas prices will encourage power generators to switch to oil.”

The Organization of the Petroleum Exporting Countries (OPEC) said in its monthly report released on Wednesday that soaring natural gas prices may boost demand for petroleum products as end users switch to refined oil.

Oil prices are also supported by concerns about tight supply. Earlier, the U.S. Energy Information Administration (EIA) stated in its monthly report that the decline in U.S. crude oil production this year will exceed previous expectations, but it will rebound in 2022.

Kikukawa said: "The current tight supply in the crude oil market and the prospect of increased short-term seasonal demand support investor confidence, overwhelming the impact of higher-than-expected growth in US crude oil inventories and weak OPEC forecast demand."

According to data from the American Petroleum Institute (API), as of the week of October 8, US crude oil inventories increased by 5.213 million barrels, gasoline inventories decreased by 4.575 million barrels, and distillate inventories decreased by 2.7 million barrels. The official U.S. Energy Information Administration (EIA) weekly inventory data will be released at 23:00 GMT+8 on Thursday.

On the daily chart, U.S. oil is in an upward ((3)) wave starting from $61.74, and the upper resistance is looking at the 38.2% target of $88.66. On the hourly chart, oil prices are in an upward ((iii)) wave that started from $79.43. The upper resistance looks at the 38.2% target of $82.18 and the 61.8% target of $83.88. ((iii)) Wave is a sub-wave of five upward waves that started from $74.97.

Suggestion