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Oil prices extended their decline on Friday, 12 June 2026, as the United States and Iran moved closer to an agreement that would reopen the Strait of Hormuz to commercial shipping, unwinding the geopolitical risk premium that has dominated energy markets for months. Brent crude futures fell $1.21, or about 1.3 percent, to about $89.17…
Energy and precious metals markets repriced sharply on Thursday, 11 June 2026, as signals of diplomatic progress in the region eased the most acute supply fears. Brent crude fell to about $90 per barrel in evening trading, down about 3 percent on the day and more than 5 percent below the intraday high near $95.40…
OPEC has lowered its forecast for global oil demand growth in 2026 to 970,000 barrels per day, down from 1.17 million b/d in last month’s assessment, according to the organisation’s Monthly Oil Market Report published on Thursday, 11 June 2026. It is the second consecutive monthly downgrade, taking the projection below the one million barrel…
China’s Producer Price Index rose 3.9 percent year-on-year in May 2026, the National Bureau of Statistics (NBS) reported on 10 June — accelerating from 2.8 percent in April, marking the third consecutive monthly increase and the fastest pace since July 2022. On a month-on-month basis, the PPI rose 0.5 percent, moderating from April’s 1.7 percent…
Gold prices stabilised on Thursday, 11 June 2026, after falling to their weakest levels in months, as investors covered short positions near the $4,000 per ounce support area and awaited United States producer price inflation data for further signals on the Federal Reserve’s policy path. Market data placed gold in the low $4,000s per ounce,…
U.S. annual inflation accelerated to 4.2% in May 2026, the highest rate since May 2023, driven primarily by sustained energy price pressures. The energy index surged 23.5% year-over-year, accounting for over 60% of monthly CPI gains, while core inflation edged up to 2.9%, remaining above the Federal Reserve’s 2% target.
The U.S. trade deficit narrowed modestly in April 2026, but the underlying data reveal a more important shift in the structure of trade. The improvement was not driven by weak domestic demand or a broad reduction in imports. Instead, exports increased faster than imports, supported mainly by a sharp rise in crude oil shipments, while…
Egypt’s banking sector is preparing for a major digital transformation milestone, as banks move closer to enabling customers to open accounts remotely without visiting branches. Market reporting attributed to a Central Bank of Egypt official indicates that banks operating in Egypt are expected to make remote account opening available during fiscal year 2026/2027, supported by…
Shrinkflation has become one of the most visible consumer price issues of the post-pandemic inflation cycle. The term refers to a commercial practice where a product is sold in a smaller size, weight, or quantity while its sticker price remains unchanged or falls by less than the reduction in quantity. The result is a higher…
Goldman Sachs has revised its U.S. monetary policy outlook again, pushing its expected Federal Reserve rate cuts into 2027 after stronger-than-expected labor market data reduced the case for easing this year. The investment bank now expects the Federal Reserve to keep interest rates unchanged through the remainder of 2026, with the first 25-basis-point rate cut…