Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
Citi Forecasts a Volatile but Ongoing Bull Market for S&P 500 in 2026 
South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty 
Wall Street Ends Mixed as Tech and Financial Stocks Weigh on Markets Amid Thin Holiday Trading 
U.S. Stocks Slip as Gold Rebounds Ahead of Year-End, Markets Eye 2026 Outlook 
Federal Reserve Begins Treasury Bill Purchases to Stabilize Reserves and Money Markets 
Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion 
Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment 
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns 
Singapore GDP Growth Surges in 2025 but Outlook Remains Cautious Amid Global Trade Risks 
Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook 
South Korea Exports Hit Record High as Global Trade Momentum Builds 
U.S. Stock Futures Slip as Year-End Trading Turns Cautious 
Asia Manufacturing PMI Rebounds as Exports and Tech Demand Drive Growth into 2026 
Japanese Business Leaders Urge Government Action as Weak Yen Strains Economy 
Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes 
U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions 
Oil prices extended their rally for a second consecutive day on Wednesday as signs of tightening supply supported the market. Brent crude futures inched up 27 cents to trade at $67.90 per barrel by 0005 GMT, while U.S. West Texas Intermediate (WTI) futures gained 28 cents to $63.69. Both benchmarks had climbed more than $1 per barrel on Tuesday, driven by stalled negotiations over resuming exports from Iraq’s Kurdistan region.
Talks between Iraq’s federal government, the Kurdish regional government, and international oil companies aimed at restarting pipeline shipments to Turkey have hit a roadblock. The proposed deal would have allowed around 230,000 barrels per day (bpd) of crude exports to resume. However, demands for debt repayment guarantees have delayed progress, leaving pipeline flows halted since March 2023.
Further supporting prices, data from the American Petroleum Institute (API) revealed that U.S. crude and gasoline inventories dropped last week, while distillate stockpiles increased. According to market sources, crude stocks fell by 3.82 million barrels in the week ending September 19, with gasoline inventories declining by 1.05 million barrels. Distillates, however, posted a rise of 518,000 barrels. Traders are now awaiting official U.S. Energy Information Administration (EIA) data, which is expected to show increases in both crude and gasoline supplies, alongside a fall in distillates.
Concerns over supply are further amplified by restrictions in Venezuela. Chevron, a major U.S. oil company, will reportedly be able to export only about half of the 240,000 bpd it produces in partnership with state-run entities. Although the company secured authorization in July to continue operations in the sanctioned nation, new regulatory limits mean less Venezuelan heavy, high-sulphur crude will reach the U.S.
With shrinking inventories, delayed Iraqi exports, and constrained Venezuelan shipments, the global oil market faces renewed upward pressure, fueling expectations of tighter supply in the months ahead.
