IEA Russian oil flows so far continue largely unaffected by latest US sanctions
Source Fxstreet
In its monthly oil market report published on Thursday, the International Energy Agency (IEA) raised 2025 global oil demand growth forecast to 1.1 million barrels per day (bpd) from 1.05 million bpd..
Additional takeaways
Russian oil flows so far continue largely unaffected by latest US sanctions.
Workarounds to sustain Russian export volumes may well appear in the coming weeks.
China’s use of gasoline, jet/kerosene and gasoil declined marginally in 2024.
Fuel use in China has already reached a plateau and may even have passed its peak.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Gold selling pressure persists as traders lock in profits ahead of US NFP reportGold (XAU/USD) remains under some selling pressure for the second straight day and slides back closer to the overnight swing low during the Asian session on Thursday. The downtick lacks any fundamental catalyst and is likely to remain limited amid a supportive fundamental backdrop.
Gold (XAU/USD) remains under some selling pressure for the second straight day and slides back closer to the overnight swing low during the Asian session on Thursday. The downtick lacks any fundamental catalyst and is likely to remain limited amid a supportive fundamental backdrop.
Silver (XAG/USD) is trading lower in an otherwise calm market session on Thursday.
BTC holds above $90,000, ETH hovers near $3,128 at the 50-day EMA, and XRP steadies above $2.07 as traders weigh rebound targets and key downside levels.
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