Wednesday, January 7, 2026

Oil prices edge lower as ample supplies offset Venezuela disruption concerns

Brent slips to $60.54 a barrel, WTI falls to $57.04 in early trade

Venezuela moves to cut oil output due to US export embargo

More than 17 million barrels of oil remain stuck in ships; Venezuela's state-run oil company PDVSA’s move includes shutting down oilfields, well clusters as onshore stocks mount

OPEC+ keeps oil output steady amid turmoil among members

Eight OPEC+ members reaffirm existing policy; Analysts doubt quick boost in Venezuelan oil output

Stocks climb, oil volatile as investors assess Venezuela implications

Oil futures choppy, Brent up 0.3%; Nikkei 225 gains 2.8%; Korea, Taiwan markets hit record highs; Dollar clings to gains after five-day advance

Tesla loses EV crown to China’s BYD as competition, tax credit expiry hit demand

Tesla sales drop 8.6% in 2025 amid intense competition, while BYD's sales outside China rise 150% to a record 1 million vehicles.

Trump blocks chips deal, cites security, China-related concerns

Trump orders review of HieFo's acquisition of Emcore, citing national security concerns over Chinese control

Oil prices settle lower after biggest annual loss since 2020

Brent crude closes at $60.75, U.S. WTI at $57.32, both down by 10 cents.

Precious metals rise early in 2026 on rate cut bets and safe-haven demand

Spot gold steady at $4,313.29/oz, silver up 0.7% to $71.77/oz, platinum rises 3.5% to $2,125.80/oz, with all hitting record highs earlier this week

Dollar makes a soft start to 2026 after sharpest drop in 8 years

Currency market faces pressure from narrowing interest rate gap, with most currencies gaining against the dollar in 2025, except the yen

Oil edges higher following biggest annual loss since 2020

Brent crude rises to $60.99 per barrel, while U.S. West Texas Intermediate crude reaches $57.56, both gaining 14 cents

Stocks make upbeat start to 2026; precious metals extend sparkling rally

Stocks rise in thin trade with Japan, China markets shut

Bitcoin set for first yearly loss since 2022 as macro trends weigh on crypto

Bitcoin soars in early 2025 on election of crypto-friendly President Trump, drop later in year on tariff news; Analysts cite correlation between bitcoin and risk assets like equity markets

Oil prices drop 20% annually amid oversupply fears, geopolitical tensions, and OPEC+ output increase

Brent crude futures shed about 19% in 2025, highest decline since 2020; US WTI crude logged an annual decline of almost 20%

China to impose additional tariffs of 55% on some beef imports from 2026

Measures will take effect on January 1, 2026, for three years

Gold set for best year in nearly half a century, silver heads for largest annual gain

Bullion climbs 66% in 2025, marking its largest annual gain since 1979 when prices were driven higher by geopolitical factors, including the Iranian revolution