Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Oil prices rose on Thursday following a U.S. trade court’s decision to block President Donald Trump’s proposed tariffs, easing market fears over global trade disruptions. Brent crude futures gained 81 cents, or 1.25%, reaching $65.71 per barrel, while U.S. West Texas Intermediate crude rose 83 cents, or 1.34%, to $62.62 at 0102 GMT.
The court ruled Trump exceeded his authority by imposing blanket tariffs on countries with trade surpluses over the U.S., sparking a broad rally across risk assets. However, analysts warned the optimism may be short-lived as the administration plans to appeal the decision.
Investors are also closely monitoring potential new U.S. sanctions targeting Russian crude exports, which could tighten global supply. Despite earlier sanctions over the Ukraine conflict, Russian oil exports have shown resilience, casting doubt on the impact of additional restrictions. According to Commonwealth Bank of Australia analyst Vivek Dhar, further U.S. measures may have limited effect.
Meanwhile, OPEC+ is expected to meet Saturday, with speculation growing that the alliance could accelerate oil output hikes in July. Market participants are watching for signals amid growing global demand.
Adding to supply pressures, Chevron has ceased oil production activities in Venezuela after losing a key license in March. The halt disrupted roughly 290,000 barrels per day of exports, over one-third of Venezuela’s output. The South American nation also canceled Chevron cargoes in April due to payment concerns tied to sanctions.
Rystad Energy’s Mukesh Sahdev projects a bullish market through August, with global liquids demand set to outpace supply by 600,000 to 700,000 barrels per day. Later Thursday, attention will shift to weekly inventory data from the American Petroleum Institute and the U.S. Energy Information Administration. Early reports suggest U.S. crude and gasoline stocks declined, while distillate inventories rose.
