EUR/USD 1.19126
0.770%
Gold 5058.17
2.118%
Oil 64.278
1.543%
USD/JPY 155.885
-0.770%
GBP/USD 1.36956
0.568%
GBP/JPY 213.472
-0.218%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Federal Reserve Governor Milan will participate in the recording of the WBUR podcast in ten minutes.February 10th - According to foreign media reports, after a turbulent Monday as he struggled to retain his position, Starmer has consolidated his position as British Prime Minister. However, this is only a temporary respite. Insiders within the ruling Labour Party say that Starmer appears safe in the short term after receiving public support from all cabinet ministers, including potential rivals Wes Streeting, Ed Miliband, and another possible successor, former Deputy Prime Minister Angela Rayner. However, while Streeting stated, "Lets give Starmer a chance to clarify how he will lead us forward," he has not yet posted on X platform like his cabinet colleagues. This lukewarm support suggests that Streeting may be waiting for the right moment. Instead, he chose to release some of his text messages with Mandelson in an attempt to distance himself from criticism regarding his close relationship with Mandelson and his support for his ambassadorial appointment. One of Starmers allies stated that a silent majority within the Labour Party still does not want a change of leader.The Dow Jones Industrial Average rose 20.20 points, or 0.04%, to close at 50,135.87 on Monday, February 9; the S&P 500 rose 32.52 points, or 0.47%, to close at 6,964.82; and the Nasdaq Composite rose 207.46 points, or 0.90%, to close at 23,238.67.Musk: SpaceX will build a system that will allow anyone to travel to the Moon and Mars.February 10th - U.S. stocks closed Monday with the Dow Jones Industrial Average up 0.04%, the S&P 500 up 0.47%, and the Nasdaq Composite up 0.9%. Nvidia (NVDA.O) rose 2.5%, Microsoft (MSFT.O) rose 3%, and Oracle (ORCL.N) rose over 9%. The Nasdaq China Golden Dragon Index closed up 0.12%, while Li Auto (LI.O) fell 3% and Bilibili (BILI.O) fell over 2%.

Oil Prices Continue to Decline As Large COVID Testing Has Commenced in China

Haiden Holmes

Apr 28, 2022 09:38

o3.png


Oil prices fell slightly in early Asian trade on Thursday, driven down by fears over growing coronavirus cases in China, the world's largest oil importer.


Beijing's capital recorded 48 new symptomatic and two new asymptomatic COVID-19 cases for April 27, according to state broadcaster CCTV.


The city had previously reported 31 symptomatic cases and three asymptomatic cases as part of a mass testing program aimed at controlling a new outbreak.


By 0006 GMT, Brent crude futures had fallen 37 cents, or 0.4 percent, to $104.95 a barrel. West Texas Intermediate crude futures in the United States lost 27 cents, or 0.3%, to $101.75 a barrel.


Beijing authorities are stepping up their efforts to contain COVID-19 infections and avert the city-wide shutdown that has engulfed Shanghai for a month.


Hangzhou, China's 12.2 million-person city and headquarters of e-commerce giant Alibaba (NYSE:BABA), will begin broad COVID testing on April 28, official media said Wednesday.


Concerns about a global energy supply shortage following Russia's invasion of Ukraine and subsequent sanctions imposed on Moscow by the US and its allies underpin the market.


Gazprom (MCX:GAZP), the Russian energy behemoth, announced on Wednesday that it has interrupted gas deliveries to Bulgaria and Poland.


According to trading records, Shell (LON:RDSa) announced that it would no longer take refined oil blended with Russian products, while Exxon Mobil (NYSE:XOM) declared force majeure on its Sakhalin-1 facilities in Russia's far east.

Suggestion