Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
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 rose modestly on Wednesday as markets stabilized following sharp losses over the past two sessions. Brent crude gained 75 cents, or 1.1%, to $67.89 per barrel, while U.S. West Texas Intermediate (WTI) crude increased by 71 cents to $65.08.
The rebound comes after both benchmarks hit multi-week lows—Brent's lowest since June 10 and WTI's since June 5—triggered by easing geopolitical fears after a U.S.-led strike on Iran’s nuclear facilities. The attack, which occurred over the weekend, initially drove oil prices to five-month highs due to fears of escalation and potential disruption in the Middle East.
A preliminary U.S. intelligence report indicates that the strikes did not dismantle Iran’s nuclear capabilities but delayed progress by only a few months. Tensions eased as Iran and Israel appeared to comply with a ceasefire brokered by U.S. President Donald Trump, who criticized both nations for prior violations. Civilian restrictions were lifted after 12 days of conflict, with each side claiming strategic success.
Despite the ceasefire, investors remain cautious, particularly regarding the Strait of Hormuz—a vital chokepoint where around 18–19 million barrels per day of oil transit, accounting for nearly 20% of global consumption.
Market participants are also awaiting official U.S. inventory data. Preliminary figures from the American Petroleum Institute (API) showed U.S. crude stockpiles fell by 4.23 million barrels for the week ending June 20, suggesting tightening supply. The U.S. Energy Information Administration (EIA) will release official figures later Wednesday.
The oil market remains sensitive to geopolitical developments and inventory signals, with traders closely watching the situation in the Middle East and U.S. supply trends.
