Tag Archives: China

Oil Prices Edge Higher Amidst Summer Driving Optimism, Geopolitical Concerns Oil prices continued their upward trend on Monday, buoyed by expectations of increased demand during the summer driving season, particularly in the crucial U.S. market. As of 08:25 ET, Brent oil futures rose 0.5% to $84.78 a barrel, while West …

The dispute between the European Union and China over electric vehicles remains unresolved. Both sides face significant risks of escalation into a full-blown trade war. While China has publicly stated its opposition to such a war, analysts believe Europe wouldn’t fare well in one. Efforts are underway through diplomatic channels …

The ongoing trade war between the United States and China represents one of the most significant economic confrontations of the 21st century, deeply impacting global markets, supply chains, and international relations. As the world’s two largest economies clash over tariffs, trade deficits, and technology transfers, Europe finds itself in a …

Oil prices maintained a delicate equilibrium on Wednesday, caught between escalating geopolitical tensions in Europe and the Middle East and growing apprehension over a surprising build in U.S. crude inventories. The market remained cautiously optimistic, with Brent crude futures edging up by a marginal 2 cents to $85.35 a barrel, …

Investors and traders are paying attention to oil prices ahead of the summer driving and travel season amid a mix of optimistic expectations, well-founded fears and high demand for fuel.Optimism about OPEC+ trendsOil recently achieved its first weekly gains in a month, supported by reports and data that injected more …

China’s 2024 economic growth target was raised by the International Monetary Fund from 4.6% to 5%. This upward revision is a result of China’s efforts to support its real estate sector and follows a robust first quarter performance1. Key Quotes, Insights Robust Q1: China’s proactive efforts to boost its real …

European finance ministers from the Group of Seven major industrialized nations on Friday called on their countries to line up and adopt a unified stance in the face of China’s “unfair” industrial policies and also warned of the risks of a trade war in the wake of US sanctions and …

In the face of geopolitical events and macroeconomic variables, the financial scene is nevertheless dynamic. Wall Street’s risk appetite persisted despite high rates, as evidenced by the performance of the Dow Jones Index and gold. While Bitcoin saw brief fluctuations, oil prices stayed steady. The US Dollar Index had a …

Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S., where data showed slower inflation than markets expected, bolstering the argument for an interest rate cut that could drive greater consumption. Brent futures rose 32 cents, or 0.4%, to $83.07 a barrel …

Boosted by Multiple FactorsOil prices climbed on Wednesday, propelled by a combination of factors including a weakening U.S. dollar, inventory declines, and optimistic inflation data. Brent crude futures surged by 0.5% to reach $82.77 a barrel, while U.S. West Texas Intermediate crude futures (WTI) also rose by 0.5% to $78.44 …