No Data
Energy giants publicly 'pessimistic': the crude oil industry will eventually decline, transitioning to the metal market.
Many energy trading giants are turning their attention to the metal sector......
BMI Predicts Decline In Oil Prices, Citing OPEC+ And US Election
Trump's Middle East global strategy exposed!
Trump may once again impose 'maximum pressure' on Iran, sanction Iranian oil, strongly support Israel's strikes on Iranian nuclear and energy facilities.
Midday crude oil analysis: Both American and Brent oils have fallen back during the Asian trading session, but will the Fed rate cut provide price support?
The Federal Reserve lowered its target interest rate by 25 basis points at 3 a.m. Beijing time today, marking the second rate cut since 2020.
OPEC+ has extended the duration of production cuts, the decrease in supply is helping the oil price bottom rebound.
The overall trend of crude oil is showing a volatile upward trend. The average price of WTI this week is $70.78 per barrel, up $1.75 per barrel, or 2.53%, from the previous week. During the week, the main factors boosting oil prices include: OPEC+ extending production cuts, hurricanes leading to a reduction in US oil production, and ongoing uncertainty in the Middle East geopolitical situation. The main factors putting pressure on oil prices include: EIA's increase in crude oil and petroleum product inventories.
Guangda Futures: The Fed cut interest rates by 25 basis points, and US gold returned to the key level of 2700.
On November 7, the price of gold on comex rose by 1.41% to $2714.00 per ounce, while the Shanghai gold main contract rose by 0.48% to 617.34 yuan per gram. As for interest rate cuts, the FOMC of the Federal Reserve unanimously passed a rate decision at 12-0, cutting the rate by 25 basis points to 4.50%-4.75%. Regarding inflation outlook, they abandoned the "more confident" statement and shifted to "made progress". During the subsequent press conference, Powell stated that they would speed up or slow down the pace of interest rate cuts based on economic conditions, with no plans for rate hikes. In addition, cme's "Fed Watch" the latest numbers.
No Data
No Data
