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China Universal CSI Energy ETF
159930.SZ
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U.S. crude slides to lowest in nearly five years, with focus on potential Russia-Ukraine deal

U.S. crude oil futures fell for the third consecutive session, reaching their lowest levels since early 2021, amid concerns about global oversupply and potential progress in Russia-Ukraine peace talks. A peace deal could increase Russian oil supply, currently sanctioned. Additionally, weak Chinese economic data and forecasts of rising oil inventories contributed to the bearish sentiment. U.S. crude closed at $56.82/bbl, and Brent crude at $60.56/bbl. U.S. natural gas futures also declined, closing at $4.012/MMBtu.

businessinsider·
businessinsider·

US’ seizure of Venezuelan tanker has limited immediate impact on China’s oil market

The US seizure of a Venezuelan tanker has limited immediate impact on China's oil market. Despite the seizure, a significant amount of Venezuelan oil is already en route to China, which has a surplus of crude due to weaker demand. China is expected to increase Venezuelan oil imports, with projections of record arrivals. The seizure and potential sanctions may affect future shipments, but current supply is bolstered by imports from Russia and Iran. Independent Chinese refiners, key buyers of Venezuelan crude, face challenges in sourcing alternatives.

Invezz·
Invezz·

Ghost oil ships dock in Venezuela, showing challenge for US

Two ghost oil ships are loading off the coast of Venezuela, highlighting the challenges the US faces in disrupting Venezuelan oil exports. Despite US efforts, including seizing a tanker, Venezuela continues to export oil, primarily to China. Chevron's operations in Venezuela continue under US sanctions. The ghost ships aim to avoid sanctions and are bound for Asia. The US actions could disrupt 30% of Venezuela's oil exports. The situation underscores the ongoing struggle between the US and Venezuelan President Maduro.

Businesstimes·
Businesstimes·

[Today's Market Preview] Gold prices break through $4,300! Silver and copper hit new highs

Today's market outlook: Gold prices break through $4,300, silver and copper hit new highs. The three major stock index futures are mixed, with Broadcom falling 5% after earnings. Gold and silver continue to rise, while copper prices reach new highs due to expectations of a Federal Reserve rate cut and stimulus policies in China. The U.S. seizes a Venezuelan oil tanker, leading to weak oil prices. The market is watching for a rate hike from the Bank of Japan, with the yen exchange rate declining

mitrade·
US
SLV
-0.28%
US
GLD
+0.24%
US
AGQ
-0.33%
mitrade·
US
SLV
-0.28%
US
GLD
+0.24%
US
AGQ
-0.33%

Market news is mixed as international oil prices continue to fluctuate

This week (12.4-12.10), international crude oil prices showed a trend of rising first and then falling, with a slight increase in the weekly average price compared to the previous week. The WTI average price was $59.07 per barrel, an increase of $0.20 per barrel, or 0.34%, from the previous week. The uncertainty of Russian oil supply and the increase in U.S. crude oil inventories supported oil prices, while the rapid recovery of oil production in Iraq and the increase in U.S. crude oil output put pressure on oil prices

芝商所·
芝商所·
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