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September 13th - The 37th Shanghai Tourism Festival Grand Parade kicked off on September 12th, and Shanghais cultural and tourism consumption continues to heat up. Starting September 13th, some scenic spots throughout the city are also offering half-price tickets and other preferential offers. Meituan data shows that Shanghais cultural and tourism bookings have increased by 15% year-on-year in the past week. In terms of tourist source structure, Beijing, Hangzhou, Suzhou, Shenzhen, and Guangzhou are popular out-of-town tourist destinations. In terms of scenic spot popularity, Shanghai Disney Resort, Shanghai Wild Animal Park, Shanghai Happy Valley, Shanghai Haichang Ocean Park, and Shanghai Legoland Resort are the top 5 most popular scenic spots.According to the official measurement of the China Earthquake Networks Center, a magnitude 3.6 earthquake occurred at 10:12 on September 13 in Alxa Left Banner, Alxa League, Inner Mongolia (40.12 degrees north latitude, 106.53 degrees east longitude), with a focal depth of 8 kilometers.According to CBS News: Former U.S. Army Secretary Driscoll has arrived in Kyiv, Ukraine.Market news: The Yemeni armed forces reported that Houthi strongholds in Taiz, Yemen, were hit by three airstrikes.September 13th - According to the Wall Street Journal, recent sales data shows that Tesla (TSLA.O) is once again expanding its market share in the US electric vehicle market as traditional automakers withdraw from the sector. According to Motor Intelligence data, Tesla has regained more than half of the US electric vehicle market, reaching 52% in the first eight months of 2026, up from 43% in the same period last year. However, Tesla has not escaped the overall market downturn. So far this year, its US sales are 325,351 vehicles, a 16% decrease year-over-year. But the overall electric vehicle market has shrunk even more, declining by 30%. Tesla once accounted for more than 80% of US electric vehicle sales, but in recent years, its share has continued to decline as established automakers such as Hyundai, Ford, and GM have launched electric models. In 2025, Teslas share fell to a record low of 41%, when Musks political involvement and cooperation with the Trump administration to cut federal government spending alienated some buyers and led to protests outside stores. Now, the Austin, Texas-based company is recovering lost ground, even though it has downplayed its core automotive business.

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.

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