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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SOURCE
SPX
S&P 500 Index
7489.71
7489.71
7489.71
7512.04
7399.83
+52.07
+ 0.70%
--
--
DJI
Dow Jones Industrial Average
52485.03
52485.03
52485.03
52623.14
51996.32
+276.97
+ 0.53%
--
--
IXIC
NASDAQ Composite Index
25373.84
25373.84
25373.84
25460.86
25004.33
+251.68
+ 1.00%
--
--
USDX
US Dollar Index
99.680
99.680
99.760
100.290
99.540
-0.110
-0.11%
--
--
EURUSD
Euro / US Dollar
1.15279
1.15279
1.15317
1.15461
1.14549
+0.00012
+ 0.01%
--
--
GBPUSD
Pound Sterling / US Dollar
1.34778
1.34778
1.34894
1.34935
1.34000
+0.00152
+ 0.11%
--
--
XAUUSD
Gold / US Dollar
4042.86
4042.86
4042.86
4111.58
4020.98
-60.36
-1.47%
--
--
WTI
Light Sweet Crude Oil
84.766
84.766
84.800
85.118
79.948
+2.136
+ 2.59%
--
--

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Analyst: The U.S. And Japan Are Joining Forces To Reverse The Yen's Decline; A Further Intervention Could Push It Above 155

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The General Staff Of Ukraine: We Struck A Russian Maritime Drone Depot In Crimea

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Indian Oil Corporation Executives: The Company's Refining Capacity Expansion Will Increase Crude Oil Processing Volume To 85 Million Tons In 2027/28

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Ukrainian President Zelensky: Ukraine Lacks Air Defense Equipment And Only Managed To Shoot Down One Russian Ballistic Missile

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Ukrainian President Zelensky: Russia Launched 35 Missiles And 185 Drones To Attack Ukraine

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Sources: Russia Has Always Remained Open To Negotiations With Ukraine

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China Will Establish A Routine Patrol System For The Huangyan Dao Protected Area

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Russian Authorities Reported That A Bus In Zaporizhzhia Was Attacked By Ukrainian Forces, Resulting In One Death And Twelve Injuries

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India's Central Bank: India Has Attracted Over US$40 Billion In Foreign Capital

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The Russian Military Stated That It Carried Out Large-scale Strikes Overnight Against Defense-industry Facilities In The Kyiv Region

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Ukrainian Authorities In Kyiv Reported That The Russian Attack Killed Nine People And Injured 28

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Kyrgyzstan And Azerbaijan Sign A Treaty Of Alliance

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Japan's Ministry Of Finance: Monetary Authorities Have A Wide Range Of Tools To Address Market Liquidity Needs

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UK Maritime Trade Operations: The Chief Security Officer Of A Tanker Reported That The Engine Room Of The Vessel Was Damaged By A Projectile

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The UK Maritime Trade Organization Reports That The Chief Safety Officer Of An Oil Tanker Has Said The Ship Was Attacked By An Unidentified Flying Object

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The UK Maritime Trade Organization Has Received A Report Of An Incident That Occurred Approximately 11 Nautical Miles North-northeast Of Lima, Oman

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According To Yonhap News Agency, South Korean Officials Said That South Korea And Argentina Have Reached An Agreement To Strengthen Cooperation On Key Minerals

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South Korea's July Exports Surged To The Second-highest Level On Record, With Semiconductor Exports Jumping Nearly 180% Year Over Year

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Missile Attack On Ukraine's Capital Injures 12 People

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The Southern Theater Command Of The Chinese People's Liberation Army Conducted Joint Maritime-air Training Exercises In The Territorial Sea, Airspace, And Adjacent Maritime And Airspace Areas Around Huangyan Island

TIME
ACT
FCST
PREV
IMPACT
U.S. GDP Deflator Prelim QoQ (SA) (Q2)

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U.S. Core PCE Price Index Annualized QoQ Prelim (SA) (Q2)

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U.S. Weekly Continued Jobless Claims (SA)

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U.S. Real GDP Annualized QoQ Prelim (SA) (Q2)

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U.S. Dallas Fed PCE Price Index YoY (Jun)

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U.S. EIA Weekly Natural Gas Stocks Change

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South Korea Industrial Output MoM (SA) (Jun)

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Japan Unemployment Rate (Jun)

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Japan Jobs to Applicants Ratio (Jun)

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Japan Tokyo CPI YoY (Jul)

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Japan Tokyo Core CPI YoY (Jul)

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Japan Retail Sales YoY (Jun)

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Japan Industrial Output Prelim YoY (Jun)

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Japan Retail Sales MoM (SA) (Jun)

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Australia PPI YoY (Q2)

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Australia PPI QoQ (Q2)

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China, Mainland NBS Non-manufacturing PMI (Jul)

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China, Mainland Composite PMI (Jul)

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China, Mainland NBS Manufacturing PMI (Jul)

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BOJ Monetary Policy Statement
Japan New Housing Starts YoY (Jun)

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  • USDX
BOJ Press Conference
France PPI MoM (Jun)

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  • EURUSD
  • XAUUSD
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  • WTI
  • USDX
Germany Unemployment Rate (SA) (Jul)

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  • EURUSD
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U.S. Labor Cost Index QoQ (Q2)

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Canada GDP YoY (May)

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  • XAUUSD
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Canada GDP MoM (SA) (May)

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  • WTI
  • XAUUSD
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U.S. Chicago PMI (Jul)

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USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. Weekly Total Rig Count

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  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. Weekly Total Oil Rig Count

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  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
South Korea Trade Balance Prelim (Jul)

A:--

F: --

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XAUUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
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          Oil Prices Decline as Bearish Influences Persist

          N Faiszah Ishak

          Energy

          Traders' Opinions

          Summary:

          The OPEC+ meeting scheduled for this weekend may be cancelled as Saudi Arabia is dissatisfied with the lack of commitment from other countries to cut production and stabilize crude prices.

          The OPEC+ meeting scheduled for this weekend may be cancelled as Saudi Arabia is dissatisfied with the lack of commitment from other countries to cut production and stabilize crude prices.
          According to the American Petroleum Institute (API), the stockpile numbers rose by 9.047 million barrels on Tuesday. This unequivocally confirms that the US is aggressively ramping up its production.
          At approximately 3:30 PM GMT, the Energy Information Administration (EIA) will release the crude stockpile change in the US. There is expected to be a minor build of 0.9 million, a decrease from the previous week's 3.6 million.
          The EIA will release last week's Natural Gas Storage Change report at approximately 17:00 GMT. We predict a build of 1 billion cubic feet, which marks a significant decrease from the 60 billion reported in the previous week.
          The Baker Hughes US Oil Rig Count figures are scheduled for release at 18:00 GMT. A forecast has yet to be made, while the last result was 500.
          The soaring US production and stockpiles will undoubtedly compel OPEC to agree on deeper cuts. While Saudi Arabia is making efforts, a joint approach is imperative for OPEC+ to ensure that Oil prices remain stable at their current levels.
          With Thanksgiving shortening the US trading week, tonight's commodities calendar is packed and not to be missed.
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