EUR/USD
1.18036
0.383%
Gold
4802.09
1.304%
Oil
89.180
-3.796%
USD/JPY
158.670
-0.486%
GBP/USD
1.35816
0.557%
GBP/JPY
215.505
0.075%
Real-time News
Bank of England Monetary Policy Committee member Green: Upside risks to inflation are the most important.April 14th - The Middle East war has driven up oil prices and demand for Russian oil, and Russias oil tax profits are expected to increase further. Data from Argus, an independent international energy and commodity price assessment agency, shows that in the first 13 days of April, the average price of Urals crude oil, Russias main export, at western ports reached $106.3 per barrel, a 42% increase compared to March. Russian oil taxes are calculated with a one-month lag in Urals crude prices, so the impact of the March price increase will be reflected starting this month. In local currency terms, the average Urals price in March had already soared to 6,191 rubles; if the average price and exchange rate remain at current levels in April, it will further rise to approximately 8,300 rubles this month, the highest since March 2022. Finam economist Berenkaya stated that for every $1 increase in the annual average Urals price, Russian oil and gas tax revenue increases by approximately 150 billion rubles (about $2 billion). In April alone, the industrys revenue may reach 900-950 billion rubles, higher than the 617 billion rubles in March.Federal Reserves Goolsby: Concerns about how long the war with Iran will last.Bank of England Monetary Policy Committee member Green: Businesses tell me they have no pricing power.European Central Bank President Christine Lagarde: Finding a solution to the Iranian issue is in the interest of all parties.
