Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Trump Questions USMCA Renewal as Trade Talks Continue 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
German Industry Employment Falls to Lowest Level in a Decade 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
US Stock Futures Recover as Iran Signals Progress in Peace Talks 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Oil prices slipped in early Thursday trade, pressured by a surprise build in U.S. fuel inventories and Saudi Arabia's price cut for Asian buyers. Brent crude futures dropped 21 cents, or 0.3%, to $64.65 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 29 cents, or 0.5%, to $62.58 as of 0047 GMT.
The decline followed a nearly 1% loss on Wednesday after U.S. Energy Information Administration (EIA) data showed gasoline and distillate stockpiles rose more than expected, signaling weakened demand in the world's largest oil consumer. This bearish inventory data added to concerns about slowing economic activity.
In a further bearish signal, Saudi Arabia, the leading exporter within the OPEC+ alliance, lowered its July crude oil prices for Asian buyers to near four-year lows. The move came shortly after OPEC+ announced an increase in output by 411,000 barrels per day for July, suggesting a more aggressive push to regain market share.
According to Reuters, the pricing strategy by Saudi Arabia and Russia aims to pressure overproducing members and reassert dominance in the global oil market. Analysts say the decision reflects a complex balancing act within the OPEC+ group as it navigates fragile demand recovery.
Global trade tensions also weighed on sentiment. Canada signaled possible retaliatory measures while the European Union reported progress in trade talks amid renewed U.S. tariffs on metals. Heightened volatility around President Trump’s tariff policies has deepened concerns of a global economic slowdown.
Ole Hansen, analyst at Saxo Bank, noted that uncertainty driven by shifting U.S. trade policy continues to rattle markets and fuel fears of reduced energy demand, casting a shadow over near-term oil price recovery.
