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Oil Headed for Weekly Gains as Sanctions Outlook Raises Supply Worries -- Market Talk
Oil Prices Steady As Market Balances IEA Surplus Forecast With Rate Cut Optimism
Crude Oil Jumps Back Above $70 as US Inventories Fall to Lowest Level
IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!
The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.
Northbound capital movement | Northbound capital net Sell of 2.928 billion, increasing positions in Alibaba (09988) by over 1 billion and selling TRACKER FUND OF HONG KONG (02800) for over 4.1 billion Hong Kong dollars.
On December 12, in the Hong Kong stock market, the northbound capital had a net sell of 2.928 billion HKD, with a net buy of 0.172 billion HKD in SH->HK Connect and a net sell of 3.1 billion HKD in SZ->HK Connect.
Oil Settles Up US$1 As EU Agrees Further Sanctions