Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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Crude oil prices slipped in early Asian trading Tuesday, pressured by weaker demand expectations amid escalating trade tensions between the United States and China—the world's largest oil consumers. Brent crude futures dropped 25 cents, or 0.4%, to $65.61 per barrel by 0024 GMT, while U.S. West Texas Intermediate (WTI) futures fell 18 cents, or 0.3%, to $61.87. Both benchmarks had already declined more than $1 on Monday.
The ongoing U.S.-China trade war, fueled by President Donald Trump's tariffs on all U.S. imports and retaliatory measures from China, has heightened fears of a global economic slowdown. A majority of economists surveyed by Reuters predict a recession could hit later this year, putting additional downward pressure on oil demand forecasts.
Reflecting these concerns, Barclays cut its 2025 Brent crude price forecast by $4 to $70 per barrel, citing rising trade risks and an expected oil supply surplus of 1 million barrels per day driven by changes in OPEC+ production strategies. Several OPEC+ members are reportedly considering increasing output again in June, potentially exacerbating the supply glut.
Oil market expert Philip Verleger warned that prices could see a sharp decline if exporting countries accelerate production hikes. Meanwhile, U.S. crude stockpiles are projected to have risen by 500,000 barrels for the week ending April 15, according to a preliminary Reuters survey. The American Petroleum Institute (API) will release its inventory data Tuesday, followed by official figures from the Energy Information Administration (EIA) on Wednesday.
