Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Oil prices continued to climb in early Wednesday trading, extending gains from the previous session as supply fears intensified following U.S. President Donald Trump’s warning to Russia over the Ukraine war.
Brent crude futures rose 14 cents, or 0.19%, to $72.65 a barrel at 0048 GMT, while U.S. West Texas Intermediate (WTI) inched up 2 cents to $69.23. Both benchmarks had reached their highest levels since June 20 during Tuesday’s session.
Trump announced plans to impose 100% secondary tariffs on Russia’s trading partners if Moscow fails to show progress toward ending the conflict within 10–12 days, accelerating a previous 50‑day deadline. Analysts at ING noted such measures could significantly disrupt Russian oil sales, as key buyers — especially U.S. allies — may halt purchases. This potential market deficit could allow OPEC+ to gradually ease supply cuts while maintaining price support.
The U.S. has also warned China, Russia’s largest oil customer, about possible penalties, while India has signaled compliance with Washington’s sanctions. JP Morgan estimates this shift could put 2.3 million barrels per day of Russian exports at risk, adding to supply concerns.
Meanwhile, U.S. and EU negotiators reached a trade deal imposing 15% tariffs on European imports, averting a broader trade war and alleviating worries about global economic growth.
In Venezuela, foreign partners of state oil firm PDVSA are still awaiting U.S. authorization to resume operations, which could eventually add supply and temper price pressures.
The heightened geopolitical tensions and shifting trade dynamics have reinforced bullish sentiment in the oil market, with traders closely watching Washington’s next moves and potential responses from major oil consumers like China and India.
