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On January 1st, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.2790%, and the lowest was 0.9250%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.1520%, and the lowest was 1.0230%.On January 1st, NIO founder, chairman, and CEO William Li announced in a live broadcast at the start of the year that NIOs battery swapping system will add over 4,200 long-range battery packs in January, including 1,200 100kWh battery packs and over 3,000 102kWh battery packs. NIO will continue to replenish its battery swapping system with long-range battery packs based on user needs.Seres: December new car deliveries exceeded 57,000 units, setting a new monthly delivery record. New car deliveries are projected to exceed 420,000 units by 2025.January 1st - Question: The EU Carbon Border Adjustment Mechanism (CBAM) will officially come into effect on January 1, 2026. The EU has recently released a series of legislative proposals and implementation rules related to the CBAM. What is the Ministry of Commerces comment on this? China hopes that the EU will abide by international rules related to climate and trade, abandon unilateralism and protectionism, maintain open markets, and promote the liberalization and facilitation of trade and investment in the green sector based on the principles of fairness, science, and non-discrimination. China is willing to work with the EU to address the challenges of global climate change, but will resolutely take all necessary measures to respond to any unfair trade restrictions and safeguard its own development interests, the legitimate rights and interests of Chinese enterprises, and the stability of global industrial and supply chains.January 1st - On January 1st, the Zhangzhou Nuclear Power Plant Unit 2, the worlds largest "Hualong One" nuclear power base, officially commenced commercial operation. This marks the full completion and commissioning of the first phase of the Zhangzhou Nuclear Power Project, and represents a crucial step forward in the mass production of my countrys independently developed third-generation nuclear power technology, "Hualong One." The Zhangzhou Nuclear Power Base plans to construct six "Hualong One" units. With the two units from the first phase now fully operational, the base can provide approximately 20 billion kilowatt-hours of clean electricity annually, equivalent to reducing carbon dioxide emissions by about 16 million tons.

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.