Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Trump Questions USMCA Renewal as Trade Talks Continue 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Oil prices gained modestly in Asian trading on Thursday, supported by a sharper-than-expected draw in U.S. crude inventories and renewed speculation about a potential U.S.–Russia peace proposal for Ukraine. Brent crude futures for January climbed 0.3% to $63.71 per barrel, while West Texas Intermediate (WTI) crude rose 0.4% to $59.68 per barrel as traders reacted to fresh supply data and shifting geopolitical signals.
The latest report from the U.S. Energy Information Administration showed crude stockpiles declining by 3.4 million barrels for the week ending Nov. 14—far exceeding analyst forecasts of a 0.6-million-barrel draw. According to analysts at ING, the drop was driven by stronger crude exports, which increased by 1.34 million barrels per day compared with the previous week. Refinery activity also picked up, boosting crude oil inputs as refiners elevated run rates.
Despite the supportive crude figures, gasoline inventories rose by 2.3 million barrels and distillate stocks increased by 171,000 barrels, signaling a softer demand outlook for refined products. This mixed data led to cautious sentiment, as traders balanced tighter crude supplies against weaker consumption indicators in the fuel markets.
Geopolitical developments also added volatility to oil prices. The U.S. is preparing to implement new sanctions targeting Russia’s Rosneft and Lukoil on Nov. 21. These measures are designed to constrain Russia’s energy revenues and further restrict global flows of Russian crude. At the same time, reports suggested that U.S. and Russian officials have been discussing a new peace framework for Ukraine. According to Reuters, Washington has reportedly advised President Volodymyr Zelenskiy to consider a U.S.-drafted plan that would involve territorial concessions and weapons limitations.
Such diplomatic discussions could influence expectations for Russian oil supply if they result in reduced tensions or shifts in sanctions enforcement. ING analysts noted that signs of ongoing negotiations may ease concerns about harsher penalties on Moscow and how aggressively existing restrictions will be applied.
