Gold fell below $3,150, oil prices dropped over 3%, and the US dollar fell 0.7% against the Japanese yen.
European stocks slightly declined, India’s stock market continued to rise, US oil and Brent crude oil both dropped over 3%, spot Gold fell about 1%, the USD decreased by about 0.3%, and the USD against the Japanese yen fell about 0.7%.
IEA Lifts Oil Demand View on Softer Tariff Impact, Lower Prices
Goldman Sachs (GS) Says President Trump Wants Oil Prices at $40 to $50 a Barrel
US Total Crude Oil Stocks Rebound in Week Ended May 9
OPEC monthly report: As oil prices fall, the growth of non-OPEC supply is expected to slow down in 2025.
According to the OPEC monthly report, oil supply from non-OPEC+ producing countries (including the USA) is expected to increase by about 0.8 million barrels per day in 2025, down from last month's forecast of 0.9 million barrels per day. Analysis suggests that the slowdown in non-OPEC+ supply growth will benefit OPEC+ in balancing the market.
OPEC Signals Cautious Optimism on Trade, Holds Oil Demand Forecast -- Update
Oil Falls on Trade Uncertainty, U.S. Weekly Inventory Prospects -- Market Talk
UAE Stocks Tick Down As Oil Price Concerns Spook Investors
Treasury Department Sanctions More Firms Over Iranian Oil
EIA Crude Oil Inventories, Fed Speakers in Focus on Wednesday
Oil Prices Climb To Two-Week High On US-China Tariff Truce
Oil Prices Rise on Cooling U.S.-China Trade Tensions -- Market Talk
Oil Prices Climb As Trade Talk Soothes Market
Guotai Junan: If the Russia-Ukraine conflict ends, how will it impact the Oil & Gas Industry?
In terms of Crude Oil Product, the discount advantage of independent refining enterprises importing Russian oil may gradually fade, while main refineries are expected to benefit.
Saudi Aramco Sees Profit Dip Amid Lower Oil Prices, Budget Strains
Oil Rig Count Drops by 5; Crude Prices Advance Ahead US-China Trade Talks
How Trump's Middle East Visit to Push OPEC+ for More Oil Could End up Hurting U.S. Producers
US-UK Trade Deal Announcement Pushes Oil Prices Higher
Oil Prices Upbeat on US Trade Cheer, but Strong Dollar Weighs
Oil Prices Surge On Hopes Of US-China Trade Breakthrough, Eyes On Opec+ Output