Other news

Following a significant easing of COVID restrictions in China, road transport and air traffic in the world's second-largest oil-consuming country quickly recovered. This has significantly improved the outlook for fuel demand, and has also supported crude oil prices.

Gas producers warned about stopping investments in case of implementation of long-term price limits proposed by the government.

The rate of inflation in the UK has started to decline, however, market participants don’t seem to be interested in it. According to ING economists, the pound/dollar pair is likely to change on the background of the U.S. Federal Reserve's statements.

In November, the key indicators of the Chinese economy will likely demonstrate the worsening economy of the Celestial Empire. This will put the country in a fragile position.

Plans of People’s Bank of China (PBOC) to ensure sufficient amount of cash in the financial system are getting more and more attention.

The Bank of England said that UK households and businesses could feel under financial pressure due to tighter monetary policy and rising inflation. However, according to central bank officials, their incomes wouldn’t be so squeezed by high inflation as in the 2008 financial crisis.

Adverse weather conditions, higher energy prices and shifting geopolitical environment may have a negative impact on global agricultural production in 2023. So, lower supplies are expected, even though farmers are expanding planted areas.

Europe will soon lose its largest external diesel supplier due to the ban on shipments. In this regard, diesel is being delivered to Europe from all over the world in record time.

According to iBanFirst, in terms of the current economic situation, the dollar index will stay strong. The exchange rate will be in this position for a long time and will probably exceed the mark of 115.

U.S. natural gas futures jumped about 5% to a two-week high. This is due to cold weather forecasts and higher heating demand in December.