EUR/USD
1.16458
-0.240%
Gold
4460.92
0.105%
Oil
57.127
1.487%
USD/JPY
156.854
0.063%
GBP/USD
1.34281
-0.214%
GBP/JPY
210.629
-0.138%
Real-time News
US President Trump said regarding his choice of Federal Reserve Chairman: "I have already made up my mind."Market news: Irans internet has been completely shut down.January 9th - According to four sources on Thursday, Vitol, one of the worlds largest commodities traders, has received a preliminary special license from the U.S. government to begin negotiations on importing and exporting oil from Venezuela, potentially for 18 months. One source indicated that Vitol will seek to finalize the license details and specific terms for conducting business in Venezuela in the coming days.On January 9th, a Goldman Sachs survey found that geopolitical factors have driven institutional investors pessimistic view of oil to its highest level in nearly a decade, with the global market facing a supply glut. According to the Goldman Sachs survey, over 59% of more than 1,100 clients across various asset classes are bearish or slightly bearish on the crude oil market. This percentage is slightly higher than the lowest monthly level since records began in January 2016. Last year, crude oil prices suffered their worst performance since 2020 due to increased production from OPEC+, record increases in US production, and increased supply from countries like Brazil and Guyana. This year, the supply glut is expected to widen further. An end to the Russia-Ukraine conflict would likely eliminate supply disruptions and sanctions on Russian crude. Meanwhile, the US plans to control future oil sales from Venezuela, pushing the South American nations crude onto the market.January 9 - Jorge Rodríguez, president of the Venezuelan National Assembly, said on January 8 that the Venezuelan government has decided to immediately release a "large number" of foreign and Venezuelan prisoners in order to demonstrate a "peaceful gesture."
