Other news

On Saturday, Chevron Corporation received the American License. This document will allow one of the biggest oil companies to increase production in Venezuela and supply crude oil in the USA.

The number of COVID-19 diseases is increasing, and protests against tight covid restrictions are intensifying in China. Against this background, the country's economic activity in November fell sharply and is likely to continue to decline.

After the weekend, oil prices fell sharply due to the escalation of protests in several major cities in China and increased fears about the economic turmoil in the country.

A new rise in cases of COVID in China became the main reason for the decrease in oil prices since the middle of November.

New Zealand will probably enter a small recession, so the interest rate should continue growing to fight inflation. Such an opinion has appeared among the monetary authorities of the central bank.

The precious metals market is going to record a silver shortage, suggesting a positive boost to the metal's prices. However, it is necessary to consider a range of other factors determining the cost of silver in the medium term.

Updated information on the U.S. job market is to be given this Friday, and it’s suggested to demonstrate a long-awaited result.

According to Reuters, protests against restrictive policies related to COVID-19 have erupted across China. This social unrest has increased uncertainty in the market, leading to the yuan’s fall. The U.S. dollar, in turn, significantly strengthened over the weekend.

According to data released on Monday, retail sales in Australia unexpectedly dropped in October, marking the first fall of the year. Rising inflation and higher interest rates negatively influenced consumer spending.

European Union diplomats have temporarily suspended talks on limiting the price of Russian oil, because Poland and the Baltic states opposed a proposal that seemed too generous for Moscow.