Oil extends losses as Trump flags Venezuela shipments, stocks mixed

Oil extended losses Wednesday after Donald Trump said Venezuela would turn over millions of barrels to the United States, while equities were mixed after a record-breaking start to the year.Crude has seen wild swingssince the US president ordered the toppling Saturday of Nicolas Maduro, his counterpart in Caracas, and said Washington would run the country while demanding "total access" to its key resource.But both main contracts sank more than one percent Wednesday having lost 1.7-2.0 percent Tuesday after Trump announced the latest development."The Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America," he wrote on his Truth Social platform.Follow The Standard
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on WhatsApp"This oil will be sold at its market price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States."Analysts said the shipments lowered the risk that Caracas would have to cut output owing to its limited storage capacity, easing supply concerns, but added that the outlook for the commodity was lower prices.That comes as the crude market remains well stocked after OPEC+ agreed to boost output.Venezuela sits on about a fifth of the world's oil reserves, but observers pointed out that a quick ramp-up of output would be hamstrung by several issues including its creaking infrastructure, low prices and political uncertainty.Equity markets fluctuated after astrong start to the yearthat has already seen Seoul following London and New York in hitting record highs thanks to the relentless rush into all things artificial intelligence.South Korea's Kospi index continued its run-up Wednesday, while Shanghai, Sydney, Wellington, Manila and Jakarta also rose.However, Hong Kong sank more than one percent with Singapore, Taipei and Mumbai also off. Tokyo shed more than one percent after China imposed tougher export controls on products sent to Japan with potential military uses.Bangkok was flat.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
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Crude has seen wild swingssince the US president ordered the toppling Saturday of Nicolas Maduro, his counterpart in Caracas, and said Washington would run the country while demanding "total access" to its key resource.But both main contracts sank more than one percent Wednesday having lost 1.7-2.0 percent Tuesday after Trump announced the latest development."The Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America," he wrote on his Truth Social platform.Follow The Standard
channel
on WhatsApp"This oil will be sold at its market price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States."Analysts said the shipments lowered the risk that Caracas would have to cut output owing to its limited storage capacity, easing supply concerns, but added that the outlook for the commodity was lower prices.That comes as the crude market remains well stocked after OPEC+ agreed to boost output.Venezuela sits on about a fifth of the world's oil reserves, but observers pointed out that a quick ramp-up of output would be hamstrung by several issues including its creaking infrastructure, low prices and political uncertainty.Equity markets fluctuated after astrong start to the yearthat has already seen Seoul following London and New York in hitting record highs thanks to the relentless rush into all things artificial intelligence.South Korea's Kospi index continued its run-up Wednesday, while Shanghai, Sydney, Wellington, Manila and Jakarta also rose.However, Hong Kong sank more than one percent with Singapore, Taipei and Mumbai also off. Tokyo shed more than one percent after China imposed tougher export controls on products sent to Japan with potential military uses.Bangkok was flat.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
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But both main contracts sank more than one percent Wednesday having lost 1.7-2.0 percent Tuesday after Trump announced the latest development."The Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America," he wrote on his Truth Social platform.Follow The Standard
channel
on WhatsApp"This oil will be sold at its market price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States."Analysts said the shipments lowered the risk that Caracas would have to cut output owing to its limited storage capacity, easing supply concerns, but added that the outlook for the commodity was lower prices.That comes as the crude market remains well stocked after OPEC+ agreed to boost output.Venezuela sits on about a fifth of the world's oil reserves, but observers pointed out that a quick ramp-up of output would be hamstrung by several issues including its creaking infrastructure, low prices and political uncertainty.Equity markets fluctuated after astrong start to the yearthat has already seen Seoul following London and New York in hitting record highs thanks to the relentless rush into all things artificial intelligence.South Korea's Kospi index continued its run-up Wednesday, while Shanghai, Sydney, Wellington, Manila and Jakarta also rose.However, Hong Kong sank more than one percent with Singapore, Taipei and Mumbai also off. Tokyo shed more than one percent after China imposed tougher export controls on products sent to Japan with potential military uses.Bangkok was flat.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
channel
on WhatsApp

"The Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America," he wrote on his Truth Social platform.Follow The Standard
channel
on WhatsApp"This oil will be sold at its market price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States."Analysts said the shipments lowered the risk that Caracas would have to cut output owing to its limited storage capacity, easing supply concerns, but added that the outlook for the commodity was lower prices.That comes as the crude market remains well stocked after OPEC+ agreed to boost output.Venezuela sits on about a fifth of the world's oil reserves, but observers pointed out that a quick ramp-up of output would be hamstrung by several issues including its creaking infrastructure, low prices and political uncertainty.Equity markets fluctuated after astrong start to the yearthat has already seen Seoul following London and New York in hitting record highs thanks to the relentless rush into all things artificial intelligence.South Korea's Kospi index continued its run-up Wednesday, while Shanghai, Sydney, Wellington, Manila and Jakarta also rose.However, Hong Kong sank more than one percent with Singapore, Taipei and Mumbai also off. Tokyo shed more than one percent after China imposed tougher export controls on products sent to Japan with potential military uses.Bangkok was flat.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
channel
on WhatsApp

"This oil will be sold at its market price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States."Analysts said the shipments lowered the risk that Caracas would have to cut output owing to its limited storage capacity, easing supply concerns, but added that the outlook for the commodity was lower prices.That comes as the crude market remains well stocked after OPEC+ agreed to boost output.Venezuela sits on about a fifth of the world's oil reserves, but observers pointed out that a quick ramp-up of output would be hamstrung by several issues including its creaking infrastructure, low prices and political uncertainty.Equity markets fluctuated after astrong start to the yearthat has already seen Seoul following London and New York in hitting record highs thanks to the relentless rush into all things artificial intelligence.South Korea's Kospi index continued its run-up Wednesday, while Shanghai, Sydney, Wellington, Manila and Jakarta also rose.However, Hong Kong sank more than one percent with Singapore, Taipei and Mumbai also off. Tokyo shed more than one percent after China imposed tougher export controls on products sent to Japan with potential military uses.Bangkok was flat.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
channel
on WhatsApp

Analysts said the shipments lowered the risk that Caracas would have to cut output owing to its limited storage capacity, easing supply concerns, but added that the outlook for the commodity was lower prices.That comes as the crude market remains well stocked after OPEC+ agreed to boost output.Venezuela sits on about a fifth of the world's oil reserves, but observers pointed out that a quick ramp-up of output would be hamstrung by several issues including its creaking infrastructure, low prices and political uncertainty.Equity markets fluctuated after astrong start to the yearthat has already seen Seoul following London and New York in hitting record highs thanks to the relentless rush into all things artificial intelligence.South Korea's Kospi index continued its run-up Wednesday, while Shanghai, Sydney, Wellington, Manila and Jakarta also rose.However, Hong Kong sank more than one percent with Singapore, Taipei and Mumbai also off. Tokyo shed more than one percent after China imposed tougher export controls on products sent to Japan with potential military uses.Bangkok was flat.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
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That comes as the crude market remains well stocked after OPEC+ agreed to boost output.Venezuela sits on about a fifth of the world's oil reserves, but observers pointed out that a quick ramp-up of output would be hamstrung by several issues including its creaking infrastructure, low prices and political uncertainty.Equity markets fluctuated after astrong start to the yearthat has already seen Seoul following London and New York in hitting record highs thanks to the relentless rush into all things artificial intelligence.South Korea's Kospi index continued its run-up Wednesday, while Shanghai, Sydney, Wellington, Manila and Jakarta also rose.However, Hong Kong sank more than one percent with Singapore, Taipei and Mumbai also off. Tokyo shed more than one percent after China imposed tougher export controls on products sent to Japan with potential military uses.Bangkok was flat.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
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Venezuela sits on about a fifth of the world's oil reserves, but observers pointed out that a quick ramp-up of output would be hamstrung by several issues including its creaking infrastructure, low prices and political uncertainty.Equity markets fluctuated after astrong start to the yearthat has already seen Seoul following London and New York in hitting record highs thanks to the relentless rush into all things artificial intelligence.South Korea's Kospi index continued its run-up Wednesday, while Shanghai, Sydney, Wellington, Manila and Jakarta also rose.However, Hong Kong sank more than one percent with Singapore, Taipei and Mumbai also off. Tokyo shed more than one percent after China imposed tougher export controls on products sent to Japan with potential military uses.Bangkok was flat.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
channel
on WhatsApp

Equity markets fluctuated after astrong start to the yearthat has already seen Seoul following London and New York in hitting record highs thanks to the relentless rush into all things artificial intelligence.South Korea's Kospi index continued its run-up Wednesday, while Shanghai, Sydney, Wellington, Manila and Jakarta also rose.However, Hong Kong sank more than one percent with Singapore, Taipei and Mumbai also off. Tokyo shed more than one percent after China imposed tougher export controls on products sent to Japan with potential military uses.Bangkok was flat.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
channel
on WhatsApp

South Korea's Kospi index continued its run-up Wednesday, while Shanghai, Sydney, Wellington, Manila and Jakarta also rose.However, Hong Kong sank more than one percent with Singapore, Taipei and Mumbai also off. Tokyo shed more than one percent after China imposed tougher export controls on products sent to Japan with potential military uses.Bangkok was flat.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
channel
on WhatsApp

However, Hong Kong sank more than one percent with Singapore, Taipei and Mumbai also off. Tokyo shed more than one percent after China imposed tougher export controls on products sent to Japan with potential military uses.Bangkok was flat.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
channel
on WhatsApp

Bangkok was flat.Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
channel
on WhatsApp

Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year."Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
channel
on WhatsApp

"Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
channel
on WhatsApp

He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".Stay informed. Subscribe to our newsletterBy clicking on theSIGN UPbutton, you agree to ourTerms & Conditionsand thePrivacy PolicySIGN UP"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
channel
on WhatsApp

"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips were they to occur continue to represent buying opportunities."Stay Informed, Stay Empowered: Download the Standard ePaper App!Follow The Standard
channel
on WhatsApp

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