Brent Crude Oil Drops on News of SPR Release, OPEC + Meeting

Brent Crude Oil Drops on News of SPR Release, OPEC + Meeting https://www.dailyfx.com/forex/market_alert/2022/03/31/Brent-Crude-Oil-Drops-on-News-of-SPR-Release-OPEC-Meeting-RS.html Brent Crude trades lower ahead of today’s OPEC meeting, while the US is set to announce its latest and largest SPR release

About Post Author

anycurrency

anycurrency@outlook.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

DailyFX - Market News FX

Japanese Yen remains on the front foot as wage growth bolsters BoJ rate hike expectations 8 December 2025

The Japanese Yen (JPY) attracts some dip-buying at the start of a new week and remains close to its highest level since November 14, touched against a weaker US Dollar (USD) on Friday.

USD/CAD holds onto Friday’s losses around 1.3800, investors await Fed-BoC policy 8 December 2025

The USD/CAD pair trades weakly near its 11-week low around 1.3800 during the Asian trading session on Monday.

China’s Trade Balance: Surplus widens in November as Exports surge 8 December 2025

China's Trade Balance for November, in Chinese Yuan (CNY) terms, arrived at CNY792.57 billion, widening from the previous figure of CNY640.40 billion.

China Trade Balance USD came in at $111.68B, above expectations ($100.2B) in November 8 December 2025

China Trade Balance USD came in at $111.68B, above expectations ($100.2B) in November

China Exports (YoY) above expectations (3.8%) in November: Actual (5.9%) 8 December 2025

China Exports (YoY) above expectations (3.8%) in November: Actual (5.9%)

China Imports (YoY) came in at 1.9% below forecasts (2.8%) in November 8 December 2025

China Imports (YoY) came in at 1.9% below forecasts (2.8%) in November

China Trade Balance CNY rose from previous 640.4B to 792.57B in November 8 December 2025

China Trade Balance CNY rose from previous 640.4B to 792.57B in November

China Exports (YoY) CNY: 5.7% (November) vs -0.8% 8 December 2025

China Exports (YoY) CNY: 5.7% (November) vs -0.8%

China Exports (YoY) came in at 5.7%, above forecasts (3.8%) in November 8 December 2025

China Exports (YoY) came in at 5.7%, above forecasts (3.8%) in November

ECB’s Rehn: Latest forecast suggests inflation will remain slightly below 2% over the horizon 8 December 2025

In an interview with the Italian financial magazine Milano Finanza on Saturday, European Central Bank policymaker Olli Rehn said that "our latest forecast suggests inflation will remain slightly below 2% over the horizon."

WTI trades with mild negative bias below $60.00; downside potential seems limited 8 December 2025

West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on a three-week-old uptrend and oscillate in a narrow band during the Asian session on Monday.

EUR/USD posts modest gains near 1.1650 amid Fed rate cut bets 8 December 2025

The EUR/USD pair posts modest gains around 1.1645 during the early Asian session on Monday. The prospect of a US Federal Reserve (Fed) rate cut at its December meeting on Wednesday could weigh on the US Dollar (USD) against the Euro (EUR).

AUD/USD holds steady below 0.6650, highest since September ahead of China's trade data 8 December 2025

The AUD/USD pair enters a bullish consolidation phase at the start of a new week and oscillates in a narrow range near its highest level since September 16, touched on Friday.

PBOC sets USD/CNY reference rate at 7.0764 vs. 7.0749 previous 8 December 2025

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0764 compared to Friday's fix of 7.0749.

GBP/USD consolidates around 1.3330 as traders await Fed rate decision 8 December 2025

The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band, around the 1.3320-1.3325 region, during the Asian session.

Gold Price Forecast: XAU/USD drifts higher above $4,200 on Fed rate cut expectations 8 December 2025

Gold price (XAU/USD) trades in positive territory near $4,205 during the early Asian session on Monday. The precious metal edges higher as markets widely expect the Federal Reserve (Fed) to cut interest rates at its December meeting on Wednesday.

Japan Trade Balance - BOP Basis dipped from previous ¥4347.6B to ¥2833.5B in October 7 December 2025

Japan Trade Balance - BOP Basis dipped from previous ¥4347.6B to ¥2833.5B in October

Japan’s GDP declines 0.6% QoQ in Q3 2025 vs -0.5% expected 7 December 2025

The Japanese economy contracted 0.6% over the quarter in the third quarter (Q3) of 2025, the final reading released by Japan’s Cabinet Office showed on Monday. This reading came in weaker the market expectation of -0.5% and the the previous estimate of -0.4%.

Japan Gross Domestic Product Deflator (YoY) came in at 3.4%, above forecasts (2.8%) in 3Q 7 December 2025

Japan Gross Domestic Product Deflator (YoY) came in at 3.4%, above forecasts (2.8%) in 3Q

Japan Bank Lending (YoY) registered at 4.2% above expectations (4%) in November 7 December 2025

Japan Bank Lending (YoY) registered at 4.2% above expectations (4%) in November

Breaking News

A border inside the UK brings Northern Ireland closer to the republic December 31, 2020 at 05:09PM

A beloved Canadian soy sauce runs out December 31, 2020 at 05:09PM

Britain’s relationship with the EU will look like Switzerland’s December 31, 2020 at 05:09PM

What to expect in 2021 according to prediction markets December 31, 2020 at 05:09PM

Russia menaces Alexei Navalny after he exposed its agents’ ineptitude December 31, 2020 at 05:09PM

The next big thing in retail comes with Chinese characteristics December 31, 2020 at 05:09PM

Jobless Cambodians are catching rats to feed Vietnamese city dwellers December 31, 2020 at 05:09PM

Why Chinese tipplers like Chilean wine December 31, 2020 at 05:09PM

Pakistan has fenced itself off from Afghanistan December 31, 2020 at 05:09PM

Congress injects a further $900bn of stimulus into the American economy December 31, 2020 at 05:09PM

Brent Crude Oil Drops on News of SPR Release, OPEC + Meeting

About Post Author

anycurrency

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

What is FOMO in Trading? Characteristics of a FOMO Trader

US Dollar on the Front Foot as US PCE Data Comes in Mixed

Featured widget

Crude Oil Over Crypto

Breaking News

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Related Post

Featured widget