South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Oil prices extended their gains during Asian trading on Thursday as geopolitical tensions involving Venezuela and Russia heightened concerns over global crude supply. Market sentiment was boosted after U.S. President Donald Trump ordered a blockade of sanctioned oil tankers entering and leaving Venezuela, a move that escalated pressure on the South American nation and raised fears of further export disruptions.
As of late Asian hours, Brent crude futures for February delivery rose 0.7% to around $60.08 per barrel, while U.S. West Texas Intermediate (WTI) crude futures gained 0.8% to approximately $56.39 per barrel. The rise in oil prices reflects growing uncertainty surrounding supply from key oil-producing nations amid tightening sanctions and potential enforcement actions.
The U.S. blockade targets tankers carrying Venezuelan oil that are already under American sanctions, signaling a tougher stance against President Nicolas Maduro’s government. Venezuela, a member of OPEC, has seen its crude exports sharply constrained over the years due to longstanding U.S. sanctions. Analysts warn that stricter enforcement of the blockade could further limit Venezuelan oil shipments, tightening global supply conditions.
Market optimism was further supported by reports that Washington is considering harsher measures against Russia’s energy sector if diplomatic efforts to end the Ukraine conflict fail. Proposed actions could affect Russia’s oil production, shipping routes, and export infrastructure, potentially disrupting flows from one of the world’s largest crude exporters. Analysts at ING noted that with Brent crude trading near $60 per barrel and a surplus outlook, the U.S. may have room to pursue more aggressive sanctions without immediate economic fallout.
On the data front, oil price gains were partially tempered by U.S. inventory figures. According to the Energy Information Administration, U.S. crude oil stocks fell by 1.27 million barrels for the week ended December 12, smaller than the expected 2.4 million barrel draw. Meanwhile, gasoline and distillate inventories rose sharply, signaling softer demand for refined fuel products.
Overall, oil markets remain sensitive to geopolitical developments, sanctions policy, and supply-demand dynamics, all of which continue to shape crude oil price movements.
