Asian Stocks Rise Amid Tech Gains, But China Falls on Stimulus Concerns 
Mainland Chinese Stocks Surge Amid Stimulus Optimism 
Can China’s stimulus blitz fix its flagging economy? 
RBI Holds Rates at 6.5%, Signals Possible Rate Cut as Inflation Risks Remain 
Asian Stocks Gain on Tech Rally, While Chinese Markets Plunge Amid Stimulus Concerns 
Samsung Faces Setbacks in AI Chip Market Amid Competition 
U.S. Stock Futures Steady Amid Fed Rate Speculation and Key Inflation Data 
Dollar Pauses After Rally, Yen and Other Major Currencies Stabilize 
Mainland Chinese Stocks Surge Amid Stimulus Optimism 
LG Energy Solution Secures 10-Year EV Battery Supply Deal with Mercedes-Benz 
RBI Keeps Key Interest Rate Steady at 6.50%, Shifts Policy Stance to "Neutral" Amid Signs of Economic Slowdown 
Ares Management to Acquire GLP Capital Partners' Global Operations 
Boeing Withdraws Pay Offer Amid Strikes by 33,000 U.S. Factory Workers 
Chinese Stocks Surge as Stimulus Boosts Market Rally 
FTSE Russell to Add India and South Korea Bonds to Global Bond Indices 
Mainland China Stocks Drop: Stimulus Uncertainty Hits Markets 
Seven & i Holdings Stock Soars After Alimentation Couche-Tard Boosts Takeover Offer 
Oil Prices Rebound After Sharp Decline
Oil prices rose in Asian markets on Wednesday, recovering from the previous session's 4% drop. The decline followed reports of the Lebanese group Hezbollah seeking a ceasefire with Israel, hinting at possible de-escalation in the ongoing Middle East conflict.
U.S. Inventory Surge Limits Gains
Despite the recovery, oil prices faced pressure due to a significant build in U.S. oil inventories. The American Petroleum Institute (API) reported a 10.9 million barrels increase, far exceeding expectations of 1.95 million barrels. This raised concerns over weakening U.S. fuel demand, especially in the wake of hurricanes affecting the mid-South.
Hurricane Milton and Oil Supply Concerns
Traders also monitored Hurricane Milton, a category-5 storm expected to make landfall in Florida. While the hurricane is unlikely to impact Gulf of Mexico oil operations, any potential disruptions are being closely watched.
Middle East Conflict Remains a Key Factor
The Middle East conflict continues to influence oil prices. Reports of a potential ceasefire between Hezbollah and Israel could ease concerns over oil supply disruptions. However, tensions remain high, with the possibility of further escalations in the region.
Conclusion
Oil prices are reacting to a combination of U.S. inventory data, global supply concerns, and geopolitical tensions. While prices saw a slight recovery, market volatility is expected to continue in the near term.
