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According to US media outlet Punchbowl, during the Supreme Court hearing of "Trump v. Fed Cook" today, Justice Roberts asked: If Cook made an "unintentional mistake" in mortgage application materials, where does the White Houses position lie? Whether it was an unintentional mistake or a fraudulent tactic to obtain a better interest rate, does it make no difference to the White House?On January 21, according to foreign media reports, US President Trump spoke about the Federal Reserve in his speech at the World Economic Forum in Davos. Trump explicitly stated that his nominee for Fed Chair will be a man. This is consistent with the currently reported shortlist: White House economic advisor Kevin Hassett, Fed Governor Chris Waller, former Fed official Kevin Warsh, and BlackRock executive Rick Reid. Trump said, "I will announce a new Fed Chair in the near future. He will be a man. I think he will do a very good job and will be a very respected person." Trump added, "Every Fed Chair candidate has a great interview. But the problem is that once he takes office as Fed Chair, he changes his stance, which is somewhat disloyal. The changes a person can make once they get the Fed Chair position are astonishing. In short, Fed Chair Powell has been too slow in his actions on interest rates. I hope the new Fed Chair will do a good job."US President Trump did not specify what kind of agreement he wanted with Denmark regarding Greenland.US President Trump: Well see about Greenland.US President Trump: US Energy Secretary Wright is the "worlds number one oil expert".

WTI Price Analysis: Testing the $80 level versus the broad USD

Daniel Rogers

Apr 11, 2023 14:20

 截屏2023-01-13 下午5.17.06.png

 

On Monday, crude oil prices are lower as a risk-averse sentiment underpins the U.S. dollar. The price of the black gold is a few cents above its intraday low of $79.71 per barrel and is approaching the range's bottom.

 

Early in April, the Organization of the Oil Exporting Countries and Allies (OPEC+) astonished market participants by announcing a 1.16 million-barrel-per-day reduction in their oil output, which pushed West Texas Intermediate (WTI) approximately 5.5% higher on April 3 and left a $4 void. Since the announcement, WTI has been consolidating between $79 and $81.80, unable to find fresh directionality.

 

Higher energy prices have contributed to inflation's meteoric rise, and OPEC+'s decision came as a complete surprise, reigniting concerns not only about price pressure but also about economic growth.