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January 25 - According to the Japan Meteorological Agency, a magnitude 4.2 earthquake struck southern Ibaraki Prefecture, Japan, at 11:46 a.m. local time on January 25. The maximum intensity was 3, and the epicenter was at a depth of 50 kilometers. There is no risk of a tsunami.On January 25th, an international group of plaintiffs filed a lawsuit against Meta Platforms (META.O), accusing the company of making false claims regarding the privacy and security of its WhatsApp chat service. Meta touts its so-called "end-to-end" encryption as a core feature of WhatsApp, meaning that only the sender and receiver can read messages, and the company itself cannot access them. The company claims this encryption is enabled by default, and in-app messages show that only people in the current chat can read, listen to, or share messages. The plaintiff group filed the lawsuit on Friday in the U.S. District Court for the Southern District of California in San Francisco, accusing Meta of making false privacy claims. They claim that Meta and WhatsApp store, analyze, and have access to virtually all of WhatsApp users supposedly private communications, and accuse the company and its executives of defrauding billions of WhatsApp users worldwide. Meta spokesperson Andy Stone stated in an email that the lawsuit is baseless and that the company will seek sanctions against the plaintiffs lawyers.January 25th - Xiaomi founder, chairman, and CEO Lei Jun posted that the new generation SU7 Capri Blue is very beautiful in person, and they are striving to have some demo cars in dealerships before the Spring Festival, so everyone can experience it firsthand. Small orders have already begun.January 25th - At 10:29 AM on January 25th, the last regular-speed train departed from Guangzhou Railway Station. This marked the official end of regular-speed train service at the century-old station, ushering in a new era of high-speed rail.1. Hungarian Prime Minister: Hungary will not allow other countries to allocate funds to Ukraine through the EU. 2. Ukrainian Air Force: Russia attacked Ukraine with 375 drones and 21 missiles. 3. According to RIA Novosti: Russian troops have taken control of Staritsa in the Kharkiv region of Ukraine. 4. Mayor of Kyiv: Following the Russian attack, heating has been cut off in nearly 6,000 buildings in the Ukrainian capital. 5. According to Interfax: Russia launched a large-scale attack last night on Ukrainian long-range drone bases and energy facilities. 6. Ukrainian Deputy Prime Minister: The Russian attack has caused power outages for at least 1.2 million users in Ukraine, including more than 800,000 in Kyiv. 7. Ukrainian official: The meeting on the Ukraine issue held in Abu Dhabi did make some progress. Another round of talks will be held in Abu Dhabi next week. 8. Ukrainian Foreign Minister stated that Russian President Putin coldly ordered a large-scale missile attack on Ukraine during a meeting with the Abu Dhabi delegation. 9. Ukrainian President Zelensky: Russias attack on energy facilities proves that the supply of air defense materials must not be delayed and that the air defense agreement reached with US President Trump in Davos must be fully implemented.

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.