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On September 6, the Islamic Republic News Agency (IRNA) reported that the public relations department of the Iranian Islamic Revolutionary Guard Corps (IRGC) issued a statement saying that the IRGC Air Force launched multiple ballistic missiles, striking a US aircraft carrier and a destroyer. The targeted US warships were involved in the naval blockade of Iran and interfered with Iranian vessels. The statement said that both US warships were forced to withdraw from the conflict zone after suffering damage.The China Earthquake Networks Center officially reported that a magnitude 3.7 earthquake occurred at 10:29 on September 6 in Wuqia County, Kizilsu Kirghiz Autonomous Prefecture, Xinjiang (40.00 degrees north latitude, 75.75 degrees east longitude), with a focal depth of 20 kilometers.September 6th - The recent US military strikes against Iran, which Iran retaliated against, have led to a rise in international oil prices. On September 4th, local time, Virgin Atlantic founder Richard Branson stated in an interview in the UK that the conflict with Iran is completely unnecessary, as it will only push up oil prices, increase costs for airlines and consumers, and contribute to inflation.On September 6th, TankerTrackers reported on Saturday that Iraqs oil exports in August fell by 36% compared to pre-war levels, making it one of the Middle Eastern oil-producing countries with the largest decline in exports. The comparison is based on export levels in January and February before the conflict. Iran saw the largest drop, with crude oil exports plummeting by 100%. Qatar and Saudi Arabia followed closely, both experiencing a 48% decline in exports. Kuwaits crude oil exports also fell by 36% in August, matching Iraqs decline, placing these two countries tied for third place among those tracked by TankerTrackers. The UAE saw the smallest decline, with crude oil exports falling by only 0.02% compared to pre-war levels.TeslaAI: The training data for Teslas (TSLA.O) Cyber self-driving electric vehicles exceeds the combined driving experience of 16,000 human drivers over their entire lifetimes. It is now providing a safe, easy, and affordable shared mobility experience to the public in Austin, Texas.

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.


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