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NZD/USD Price Forecast: Rebounds above 0.5700, bears guard 0.5750 PriceONN 新闻
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NZD/USD Price Forecast: Rebounds above 0.5700, bears guard 0.5750

The Kiwi Dollar clears the 0.5700 figure on Friday, clings to gains of over 0.22% against the Greenback after hitting a daily low of 0.5689. At the time of writing, the NZD/USD trades at 0.5709.

OPEC Oil Production Jumps, But Gulf Supply Is Still Far From Normal PriceONN 新闻
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OPEC Oil Production Jumps, But Gulf Supply Is Still Far From Normal

OPEC's oil production rebounded sharply in June as Gulf producers finally began bringing shut-in barrels back online after months of war-induced disruptions. But despite the impressive headline number, the cartel is still pumping nowhere near where it was before the Strait of Hormuz crisis turned Middle East oil flows upside down.' monthly survey, the 11 OPEC members produced 19.43 million barrels per day in June, up 3.3 million bpd from May, when output plunged to the...

Copper's Next Move Depends On Washington, Not The Strait Of Hormuz PriceONN 新闻
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Copper's Next Move Depends On Washington, Not The Strait Of Hormuz

Six months after Operation Epic Fury upended the metals complex, the Strait of Hormuz still can't decide if it's open. Days after the two countries signed a memorandum of understanding on June 17, Iran's military declared the strait closed again, only for Iran's own foreign ministry to tell state media shipping was “operating normally.”  Under that same agreement, Washington has until July 19 to fully lift its naval blockade, while Tehran is only committed to its “best efforts” to restore...

WTI Crude Oil advances on softer US jobs data and lingering Middle East tensions PriceONN 新闻
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WTI Crude Oil advances on softer US jobs data and lingering Middle East tensions

West Texas Intermediate (WTI) trades around $68.65 at the time of writing on Friday, up 0.30% on the day, recovering part of its recent losses as the US Dollar (USD) weakens following softer-than-expected US employment data.

DOJ Urges States to Enforce Fuel Price-Gouging Laws PriceONN 新闻
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DOJ Urges States to Enforce Fuel Price-Gouging Laws

The Trump administration is taking its campaign against high gasoline prices to the states, and it’s doing it formally. A little more than a week after President Donald Trump ordered the Justice Department to investigate possible price gouging at the pump, federal antitrust regulators have formally asked state attorneys general to join the effort, warning that oil market volatility is no excuse for anticompetitive behavior. In a letter sent Friday seen by CBS News, the Justice Department and...

Oil Markets Grow Numb to U.S.-Iran Ceasefire Drama PriceONN 新闻
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Oil Markets Grow Numb to U.S.-Iran Ceasefire Drama

Oil prices remain stuck in a tight range as traders look past geopolitical headlines and wait for clarity on the fragile U.S.-Iran ceasefire. Friday, July 03, 2026 Following weeks of extremely volatile and geopolitics-driven trading, oil prices have been exceptionally calm this week, with ICE Brent trending within a narrow range of $71-73 per barrel. This partly stems from pre-holiday liquidity dips; however, it could also be seen as the oil markets’ general fatigue with gauging the current...

Russia Escalates Kyiv Strikes Days Before NATO Summit Showdown PriceONN 新闻
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Russia Escalates Kyiv Strikes Days Before NATO Summit Showdown

Russia carried out one of its largest attacks on Ukraine's capital this year, reigniting demands in the United States and Europe for tougher military and economic measures against Moscow.Ukrainian officials said at least 27 people were killed and scores of others wounded in the large-scale attack on Kyiv on July 2, which caused fires and extensive damage to civilian infrastructure and residential buildings across several districts.The scale of the assault drew swift condemnation from lawmakers...

TotalEnergies Offers Millions of Barrels of Iraqi Crude to Asian Buyers PriceONN 新闻
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TotalEnergies Offers Millions of Barrels of Iraqi Crude to Asian Buyers

TotalEnergies is offering millions of barrels of Iraq’s Basrah Medium and Basrah Heavy crudes for prompt delivery to Asia this month and next, traders who had received some of these offers told Bloomberg on Friday. Iraq, one of the Persian Gulf producers most hit by the closure of the Strait of Hormuz, has been offering crude on the spot market with deep discounts and only on a loading basis, which means buyers need to secure empty tankers to move inbound into the Gulf via the Strait of Hormuz....

Japan's Top Oil Refiner Eyes a Post-Hormuz Future PriceONN 新闻
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Japan's Top Oil Refiner Eyes a Post-Hormuz Future

Japan’s biggest oil refiner, Eneos Holdings, will likely move to diversify its crude supply from a heavy dependence on the Middle East in the wake of the shock disruption of flows through the Strait of Hormuz, the company’s chief financial officer, Soichiro Tanaka, told Reuters in an interview published on Friday. Before the Iran war, Japan and its refiners relied on the Middle East for a massive 95% of all crude imports. But the shock loss of supply forced refiners to seek alternatives and the...

Soaring Imports Push India’s Crude Stocks to Near 1-Year High PriceONN 新闻
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Soaring Imports Push India’s Crude Stocks to Near 1-Year High

India’s strategic and commercial crude oil inventories have jumped to a nearly one-year high as the world’s third-largest crude oil buyer boosted its imports to a record high in June. As at the end of June, India’s crude oil stocks held in strategic, commercial, and refinery storage had increased to 104 million barrels, up from 90.5 million barrels at the end of April, according to data from commodity intelligence provider Kpler cited by Indian outlet Economic Times. Before the Iran war began,...

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