Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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Oil prices climbed early Thursday as U.S. fuel inventories declined and geopolitical tensions escalated. Brent crude futures rose 0.57% to $71.18 per barrel, while U.S. West Texas Intermediate (WTI) gained 0.51% to $67.50.
The price increase followed U.S. government data showing a larger-than-expected drop in distillate inventories, including diesel and heating oil, which fell by 2.8 million barrels—far exceeding the anticipated 300,000-barrel decline. However, U.S. crude stockpiles surged by 1.7 million barrels, surpassing forecasts of a 512,000-barrel rise.
Geopolitical risks also fueled market concerns. Israel launched a fresh ground operation in Gaza, breaking a nearly two-month ceasefire, while the U.S. continued airstrikes on Houthi targets in Yemen following the group's Red Sea attacks. Former U.S. President Donald Trump vowed to hold Iran accountable for future Houthi aggression.
Meanwhile, Ukrainian President Volodymyr Zelenskiy hinted at potential progress toward a ceasefire with Russia, which could ease sanctions and reintroduce Russian oil supplies to global markets. Talks between Russian and U.S. officials are set to resume in Saudi Arabia on Sunday, according to Trump’s Middle East envoy Steve Witkoff.
In the Americas, Chevron's CEO has requested the U.S. government to extend its deadline for winding down operations in Venezuela by 60 days beyond the original April 1 cutoff. Venezuela’s state-owned oil company, PDVSA, is reportedly planning to continue oil exports from its joint venture with Chevron.
With energy markets reacting to these global developments, investors remain focused on supply risks and potential shifts in geopolitical strategies that could impact oil prices further.
