Other news

Oil demand in China is expected to grow as 'Zero Covid' strategies were abandoned by the officials. At the same time, analysts believe that it may take some time for the demand to recover.

The Commerce Department reported that U.S. retail sales plummeted by 0.6% in November. A key driver behind this drop has been a record decline in automobile sales over the year. However, without taking it into account, the total number of sales fell by 0.2%.

Costs for oil producers will increase due to earthquakes in West Texas. Earlier, oil companies have already felt the effects of inflation and shortage of equipment.

It’s reported that a blast of arctic conditions is expected in Texas. It’s worth noting that severe frosts left millions of homes and factories in the state without electricity two years ago.

Political disputes over an unprecedented intervention to curb the effects of the energy crisis have been going on for many months.

On Thursday, the US dollar rose sharply. The greenback's growth was triggered by investors’ concern about the coming recession in view of the Fed's announcement on raising interest rates next year.

An exceptionally low level of consumer confidence has been registered in Great Britain over eight successive months. In a 50-year long history of the GfK survey, this is the longest period of gloom in the country.

According to a corporate survey released on Friday, manufacturing activity in Japan contracted at the fastest pace in December. This downward trend was recorded for the first time in more than two years due to weak demand and persistent price pressure.

According to the forecasts of Danske Bank economists, the euro/dollar pair is expected to fall next year.

According to the Department of Labor, the number of initial jobless claims decreased to 211,000. Economists supposed that their number will be 230,000.