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According to the Wall Street Journal: The Trump administration is trying to create a larger team of law enforcement officials to help carry out deportations by giving law enforcement officers across the federal government the same powers as immigration officials.On January 23, Zou Lan, a member of the Party Committee of the Central Bank, said at a press conference of the State Council Information Office on the 23rd that with the support of policies, the scale of securities companies proprietary stock investment has increased significantly. Driven by sufficient policy space and implementation plans, it is expected that the business scale and response speed will be greatly improved. The central bank will improve the convenience of using policy tools and promote the expansion of tools in a timely manner.Zou Lan, member of the Party Committee of the Central Bank: We will continue to optimize the policy arrangements for stock repurchases and additional lending, reduce the proportion of own funds when applying for loans from 30% to 10%, and extend the maximum loan term from one year to three years.According to the Wall Street Journal: Morgan Stanley star banker Michael Grimes is discussing a position in the Trump administration.The Hang Seng Index and Hang Seng Tech Index rose in the short term, both increasing by more than 1%.

The Oil Market Shrugs Off A Spike in U.S. Inventories And Edges Up

Charlie Brooks

Feb 16, 2023 10:43

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Oil prices rose in early Asian trade on Thursday as the market brushed off a massive increase in U.S. oil inventories and the International Energy Agency upgraded its demand forecast.


By 01:31 GMT, Brent crude prices increased by 26 cents to $85.64 per barrel, whereas U.S. West Texas Intermediate (WTI) crude futures advanced by 34 cents to $78.


The Energy Information Administration (EIA) said that U.S. crude oil inventories increased by 16.3 million barrels last week to reach 471.4 million barrels, the largest level since June 2021. The larger-than-anticipated increase was mostly attributable to a data adjustment, which analysts said mitigated the impact on oil prices. [EIA/S]


The International Energy Agency (IEA) estimated that oil demand will climb by 2 million barrels per day (bpd) in 2023, an increase of 100,000 bpd from last month's estimate, reaching a record 101.9 million bpd, with China accounting for 900,000 bpd of the increase.


Upon easing COVID-19 restrictions, China will account for over half of 2023 oil demand increase, according to the IEA.


The U.S. currency, which normally moves inversely with crude prices, also helped oil.


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