BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
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.
