Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Oil prices edged higher on Wednesday, supported by solid fuel demand in the U.S. and China and improving global economic sentiment. Brent crude rose 0.42% to $69 a barrel, while U.S. West Texas Intermediate (WTI) climbed 0.6% to $66.92, recovering from a two-day decline.
Traders are optimistic as strong seasonal demand—driven by summer travel and industrial activity—continues to support oil prices despite lingering concerns over U.S. trade policies. Market fears of supply disruption eased after President Trump’s threat of tariffs on Russian oil was largely dismissed.
LSEG analysts noted that increased gasoline consumption during the U.S. Fourth of July holiday highlighted resilient demand, helping to counter bearish sentiment from rising inventories and tariff tensions. Meanwhile, China’s June economic data showed slower-than-expected growth, but signs of stability reassured investors. Crude oil throughput in China surged 8.5% year-on-year, the highest since September 2023, reflecting stronger domestic fuel demand and improved refinery margins.
Global economic recovery also bolstered sentiment. The Organization of the Petroleum Exporting Countries (OPEC) forecast better economic performance in the latter half of 2025, with stronger oil demand from emerging economies like India, China, and Brazil. Recovery in the U.S. and European Union added to the positive outlook.
Oil markets remain in a tight range as investors weigh robust demand against macroeconomic risks. Still, signs of sustained consumption and a stable economic backdrop from major importers suggest support for crude prices in the near term.
