Earnings Week Ahead: TSLA, GE, GM, KO, PM, LUV, AAL, VZ, T and More
US stocks rose for the sixth consecutive week, crude oil plummeted, gold and silver shone | Overseas major asset weekly report
Spot gold hit record highs twice this week, with a total weekly increase of about 2.4%, while silver rose about 7% to nearly a twelve-year high for the week. With the USA pushing for a ceasefire in Gaza, the crude oil market showed a weak performance this week. The dollar fell from an 11-week high.
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Midday crude oil analysis: Brent crude oil remains basically stable, usa imposing sanctions on these oil tankers...
As the USA pushes for a ceasefire in the Middle East, Brent crude oil futures traded flat in early Asia session.
Midday crude oil analysis: How will the trend of oil prices be affected by the upcoming EIA inventory data release?
Ahead of the release of weekly crude oil inventory data in the USA, Brent crude oil futures in Asia's early trading session edged up slightly.
IEA, EIA, OPEC are all telling you one thing: the oil market outlook for next year is quite pessimistic!
①Although there is thunder in the Middle East at the moment, local energy facilities are in turmoil. ②However, many professionals in the oil market seem to have a pessimistic view of the crude oil market next year.
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Middle East tensions cool down combined with IEA warning of oversupply, oil prices plummeted by 5%.
There are reports that Israel will not strike Iranian oil facilities, coupled with the International Energy Agency (IEA) warning of oil oversupply in its latest monthly report. Oil prices plummeted by over 5% during the trading day. The sharp drop in oil prices has somewhat dampened market expectations for inflation to rise again, leading to a rise in US Treasury yields on that day, with the yield on the 10-year US Treasury falling by nearly 7 basis points.
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Shares of Copper Companies Are Trading Lower Possibly After China's September Exports Data Missed Estimates. Betting Markets Project Donald Trump's Victory in the U.S. Presidential Election, Which May Result in a Decline in Demand for Commodities...
WTI plummeted nearly 5% at one point! Economists warned: Saudi Arabia may increase production to launch a battle for market share.
Previously, there were media reports that individuals familiar with Saudi Arabia's thinking revealed that Saudi Arabia will abandon the $100 per barrel oil price target and strive to resume oil production growth in December this year.
The sharp drop in oil prices has pushed down inflation expectations, with the 'global asset pricing anchor' falling back from its two-and-a-half-month high.
Crude oil futures prices fell sharply by over 5%, while USA 10-year Treasury bond prices saw the largest increase in two weeks.