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Hong Kong stocks rose, the Hang Seng Tech Index turned positive, and the Hang Seng Index narrowed its decline to 0.29%. It had previously fallen by more than 1%.On March 7, Wang Yi said when talking about Sino-US relations that mutual respect is an important prerequisite for Sino-US relations. If you fail to do something, you should look for the reasons within yourself. The United States should review what it has gained from the tariff war and trade war in recent years. Has the trade deficit expanded or shrunk? Has the competitiveness of the manufacturing industry increased or decreased? Has inflation improved or worsened? Has the peoples lives improved or worsened? Sino-US economic and trade relations are mutual and equal. If you choose to cooperate, you can achieve mutual benefit and win-win results. If you blindly exert pressure, China will resolutely counter it.March 7, Wang Yi: China has been working for peace since the first day of the crisis. The negotiation table is the end of the conflict and the beginning of peace.March 7th, Wang Yi: There are more than 190 countries in the world. Just imagine, if every country emphasizes its own national priority and believes in strength and status, then the world will return to the law of the jungle.Pricing documents show that Qatar set the April offshore crude oil price at a premium of $2.10 per barrel over the Oman/Dubai average price, and the onshore crude oil price at a premium of $1.85 per barrel over the Oman/Dubai average price.

WTI declines toward $81.00 as hawkish central banks and economic worries compete with OPEC+ rhetoric

Alina Haynes

Sep 30, 2022 10:50

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After falling from the weekly high above $82.50 the previous day, WTI crude oil prices remain under pressure toward $81. In doing so, the black gold represents the oil market's indecision in the face of contradictory signals, while preparing for the first positive week in five weeks.

 

As traders prepare for the key catalysts, recession concerns and fears of a supply shortage received the most attention, but the dollar's weakening may have been overlooked.

 

According to anonymous sources cited by Reuters, the Organization of Petroleum Exporting Countries and its allies, which include Russia and are known collectively as OPEC+, have begun discussing a potential output cut for the next meeting. Russia's willingness to acquire additional portions of Ukraine may have also benefited oil purchasers.

 

In contrast, recession difficulties intensified as the majority of central banks remained assertive despite recent economic gloom and fears of a supply crisis. In addition, the rumors regarding China's inability to control its recessionary difficulties and the United Kingdom's fears of further economic suffering as a result of recent austerity policies appear ominous for the energy benchmark.

 

Consequently, commodity traders are in a quandary and will pay particular attention to the forthcoming September activity statistics from the world's largest commodity consumer, China. After that, the Fed's preferred inflation indicator, namely the Core Personal Consumption Expenditure (PCE) Price Index for August, which is anticipated to increase 4.7% YoY compared to 4.6% previously, will be crucial for determining new directions.