Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data 
China Manufacturing PMI Slips Into Contraction in January as Weak Demand Pressures Economy 
EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
Oil prices fell slightly in Asian trading on Thursday, weighed down by a stronger U.S. dollar and cautious market sentiment ahead of a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping. The Federal Reserve’s latest policy move also added pressure, as it cut interest rates but signaled that further easing in December was unlikely.
Brent crude futures slipped 0.2% to $64.81 per barrel, while West Texas Intermediate (WTI) crude fell 0.3% to $60.31 per barrel by 21:18 ET (01:18 GMT). The greenback strengthened sharply after the Fed’s decision, gaining nearly 0.6% against a basket of major currencies before seeing slight pullbacks in Asian trade. A stronger dollar typically weighs on oil and other commodities priced in the U.S. currency, making them more expensive for overseas buyers.
Market focus has now turned to the highly anticipated Trump-Xi meeting in South Korea, held on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit. The talks are seen as crucial for shaping future U.S.-China trade relations, which have been a major source of market volatility in recent months. Both nations have shown signs of compromise ahead of the meeting, raising hopes for progress toward a broader trade deal that could ease global economic uncertainty and support oil demand.
Despite short-term gains following the Fed’s rate cut—typically supportive of energy consumption—crude prices remain under pressure. Ongoing concerns about slowing demand and a persistent supply glut have weighed on sentiment, keeping oil prices on track for a third consecutive monthly decline. With global economic headwinds and cautious optimism surrounding U.S.-China diplomacy, traders are bracing for continued volatility in the oil markets.
