[MARKET UPDATE] Sentiment sours in Asia-Pac as oil prices extend on gains with WTI crude testing USD 115/bbl to the upside, while US index futures and spot gold are dragged lower
The rise in WTI crude prices to around $115/bbl is likely driven by tightening supply or heightened demand forecasts, which could exacerbate inflationary pressures globally.
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[MARKET UPDATE] Sentiment sours in Asia-Pac as oil prices extend on gains with WTI crude testing USD 115/bbl to the upside, while US index futures and spot gold are dragged lower
Morgan Stanley cuts its China 2026 GDP growth forecast to 4.7% due to oil shock
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This surge is weighing on US index futures and spot gold, suggesting a risk-off sentiment as investors reassess growth prospects amid rising energy costs.
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