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According to data from Lighthouse Pro, as of February 21, the total box office revenue (including pre-sales) for February 2026 exceeded 5 billion yuan.February 21st - With the 2026 Spring Festival travel rush halfway through, the total number of inter-regional passenger flows in the first 20 days is expected to reach 5.08 billion, averaging 250 million per day, setting a new record for the same period in history. Today (February 21st), the total number of inter-regional passenger flows is expected to exceed 360 million, marking three consecutive days since the third day of the Lunar New Year that passenger flow has exceeded the historical single-day peak for the same period.February 21 (Xinhua) -- A forest fire broke out in Seosan City, South Chungcheong Province, South Korea, on February 21, according to a report from the South Chungcheong Provincial Fire Department. Firefighters and other departments immediately rushed to the scene to extinguish the blaze. Because the fire originated near the Daeju Resource Reserve Industrial Complex, South Koreas largest national oil reserve facility, strong winds posed a risk of the fire spreading to critical infrastructure, causing high alert among relevant departments. At approximately 4:10 PM local time, the Seosan Fire Station raised its response level to Level 2, mobilizing all available equipment from its jurisdiction and neighboring fire stations to focus on preventing the fire from spreading towards the industrial complex.February 21 – European Central Bank Governing Council member and Bank of Italy Governor Leon Panetta stated that the US economy has borne the brunt of President Trumps tariffs. Speaking in Venice on Saturday, he said, "Foreign exporters appear to have absorbed a portion of the losses, estimated at around 10%. Initially, this loss was absorbed by the profits of US companies, then partially passed on to consumers, who now bear about half of the losses. Overall, the tariffs are estimated to have contributed slightly more than 0.5 percentage points to US inflation."ECB Governing Council member Panetta: Inflation risks may exist in both directions.

Oil Prices Surge Despite U.S. Storm Fears As Inventories Decline

Skylar Williams

Dec 21, 2022 11:50

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Oil prices inched higher on Wednesday as data indicated a larger-than-anticipated weekly drawdown in U.S. stocks, but concerns over unfavorable weather conditions impacted on the near-term demand picture.


The American Petroleum Institute reported that U.S. stockpiles increased by 3 million barrels more than anticipated for the week of December 16th, foreshadowing a similar trend in official statistics likely to show an increase of over 2 million barrels in inventories later in the day. The supply difficulties caused by the temporary blockage of the Keystone pipeline have contributed to the decline in inventory.


Brent oil futures traded in London increased 0.4% to $80.10 per barrel, extending advances to a third consecutive session, while West Texas Intermediate crude futures rose 0.1% to $76.32 per barrel as of 20:43 ET (01:43 GMT).


This week, crude oil prices gained from a weaker currency, particularly after the Bank of Japan modified its ultra-dovish stance for the first time in nearly a decade. This action strengthened the yen and pushed the dollar close to a six-month low, which is advantageous for commodities priced in dollars.


The U.S. government's pledge to begin restocking its Strategic Petroleum Reserve in February also boosted prices and gave a buy signal to markets.


On the other hand, a worsening forecast for a storm in the midwestern United States indicated the possibility of travel difficulties over the Christmas season at the end of the year, which might further reduce demand for fuel. With the imminent reopening of the Keystone pipeline, U.S. supplies are expected to grow as well.


Increasing gasoline inventories indicated that fuel demand in the world's largest oil user remained weak.


Even if oil prices have risen in recent sessions, they are still down significantly for the year as rising interest rates and soaring inflation have fueled fears of a possible recession in 2023.


Even while the BOJ's policy move weakened the dollar, it suggests that the vast majority of major central banks in developed markets are preparing to tighten policy in 2023, which might further depress crude demand.


Last week, crude markets were shaken by hawkish signals from the Federal Reserve, the European Central Bank, and the Bank of England. The uncertainty surrounding China's economic revival, as the country deals with an increase in COVID-19 cases, is also anticipated to impact on crude prices in the near future.

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