[MARKET UPDATE] WTI crude futures continue to trickle lower and are down over USD 1/bbl following US President Trump's announcement that Venezuelan authorities will be turning over 30mln-50mln bbls of oil to the US
The decline in WTI crude futures, dropping over $1/bbl, signals market concern about pressure on oil prices following President Trump's announcement regarding Venezuela's oil turnover to the U.S.
Australian RBA Trimmed Mean CPI YY (Nov) 3.2% vs. Exp. 3.2% (Prev. 3.3% )
PBoC is expected to set USD/CNY mid-point at 6.9896 (prev. 7.0173)
[MARKET UPDATE] WTI crude futures continue to trickle lower and are down over USD 1/bbl following US President Trump's announcement that Venezuelan authorities will be turning over 30mln-50mln bbls of oil to the US
[MARKET UPDATE] Asia-Pac stocks begin mostly higher following the fresh record levels on Wall St, although Japanese stocks lag amid frictions with China after the latter imposed export controls on dual-use items to Japan
Newsquawk Daily US Conference Calendar - 7th January 2026: CAT, EOG
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This supply increase could outweigh demand prospects, suggesting potential for further downside in energy markets. As a result, consider the implications for inflation expectations and commodity-linked currencies as crude reacts to this new supply dynamic.
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