EUR/USD 1.12074
0.070%
Gold 4196.80
0.037%
Oil 89.707
-1.268%
USD/JPY 158.320
0.030%
GBP/USD 1.32438
0.027%
GBP/JPY 209.682
0.058%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 12th, Omdia reported that leading Tier 1 network operators are moving towards AI-native networks based on their existing cloud-native infrastructure. This transformation is far more than just an architectural upgrade; it signifies a fundamental shift in how networks are operated, managed, and monetized. Omdia predicts that by 2031, AI capabilities will account for 12% of network application spending and will drive global telecom operators to invest $22.9 billion in cloud and AI infrastructure.October 12th - The UK government is developing a mandatory safety reporting and monitoring plan for cutting-edge artificial intelligence (AI). Kanishka Narayan, the Minister in charge of AI, is preparing to urge technology companies to strengthen their control over autonomous models. According to the Financial Times, citing sources familiar with the matter, Narayan will state in a speech on Monday that as companies develop more capable and autonomous AI models, more measures must be taken to address potential risks and establish more robust security mechanisms. Sources indicate that Narayan is expected to say the UK government is considering legislation requiring companies to grant advance testing access to the UK AI Security Institute before releasing their latest AI models. This institute is considered a leading global testing organization for cutting-edge AI models.According to the Financial Times, the Polish Foreign Minister stated that NATO should prepare for a potentially lethal "hybrid strike" from Russia.According to the Financial Times, the British government is developing plans to mandate safety reporting and monitoring of cutting-edge artificial intelligence, and the minister in charge of the technology is preparing to require companies to implement stricter controls on autonomous models.On October 12th, the Central Political and Legal Affairs Commission issued the "Opinions on Strictly Investigating and Punishing Crimes Endangering Food Safety According to Law," outlining requirements for political and legal organs to strictly investigate and punish such crimes. The "Opinions" put forward three requirements regarding the strict investigation and punishment of crimes endangering food safety by political and legal organs: First, highlight key areas of focus. Focus on key areas of high public concern such as meat products, school food, health food, and fruits and vegetables; and key links such as production and processing, online sales, terminal catering, and food imports. Thoroughly investigate case leads, severely punish criminals, and send a strong signal of strict punishment according to law. Second, adhere to strict law enforcement. Requirements are put forward for strict law enforcement throughout the entire process and all stages of criminal proceedings, including investigation, arrest, prosecution, trial, and execution of sentences. It requires strict control over the application of probation and exemption from criminal punishment, and severe punishment for serious cases with egregious impact. Third, strengthen supervision and guidance.

NYMEX crude oil expected to fall to $75.12

Oct 26, 2021 10:59

On Thursday (October 7), international oil prices were under pressure for the second consecutive trading day, and US crude oil inventories unexpectedly increased, triggering concerns about demand. Earlier, OPEC+ has expressed concern that demand and prices may weaken. NYMEX crude oil is expected to fall to $75.12.

GMT+8 14:05, NYMEX crude oil futures fell 0.49% to 77.04 US dollars/barrel; ICE Brent crude oil futures rose 0.04% to 81.14 US dollars/barrel.


Overnight, NYMEX crude oil and Brent crude oil closed down 2.52% and 2.10%, respectively, despite the intraday highs of $79.78/barrel since November 10, 2014 and $83.47/barrel since October 10, 2018.

ANZ Bank said in a report: “According to EIA data, US commercial crude oil inventories rose last week and gasoline inventories also surged, raising concerns about weak demand.”

The U.S. Energy Information Administration (EIA) said on Wednesday (October 6) that as of the week of October 1, crude oil inventories increased by 2.345 million barrels to 420.9 million barrels, an increase much higher than market expectations of 796,000 barrels. Gasoline inventories unexpectedly soared by 325.6 million barrels, which is expected to decrease by 69,000 barrels; distillate stocks fell by 396,000 barrels, which was less than the expected decrease of 844,000 barrels.

Global oil prices have jumped by more than 50% this year, increasing inflationary pressure, which may slow the recovery of the economy from the new crown epidemic and affect consumer demand. Natural gas and coal prices are also climbing.

Sources said on Wednesday that as oil prices hit multi-year highs, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided earlier this week to stick to a plan to gradually increase oil production, partly because of concerns that demand and prices may weaken.

On the daily chart, U.S. oil is in an upward ((3)) wave that started from $61.74 and broke through the 23.6% target of $78.37. The upper resistance looks at the $80 mark and the ((3)) wave 38.2% target of 88.66. Dollar.

On the hourly chart, oil prices are in the 4 downward waves that started from 79.78 US dollars, falling below the 3 waves 23.6% Fibonacci retracement level of 76.90 US dollars, and the lower support looks to the 3 waves 38.2% Fibonacci retracement level of 75.12 US dollars. Waves 3 and 4 are both sub-waves of the upward (1) wave that started from $61.74. (1) Waves are the sub-waves of ((3)) waves.

Suggestion