The United States is deploying substantial military forces to Iran, driving a strong rebound in oil prices amid supply concerns.

Amid renewed threats from U.S. President Trump against Iran, which have triggered market concerns about potential military actions disrupting crude oil supplies, coupled with production interruptions in Kazakhstan, international oil prices rebounded on Friday.

cls.cnJan 23 22:08

The delegations from Russia, the United States, and Ukraine have commenced negotiations in Abu Dhabi, with no signs of compromise at present.

Negotiators from Ukraine and Russia stated on Friday that the two sides will commence two days of talks in Abu Dhabi starting this Friday, with a primary focus on pivotal territorial issues. So far, no signs of compromise have emerged from either side.

cls.cnJan 23 22:00

Has the oil price emerged from the bear market?

Source: Chuanyue Global Macro Author: Wu Shuo, Lin Yan 2025 is undoubtedly a big year for commodities, with the strong performance of precious metals astonishing the market as gold, silver, and copper prices all hit new historical highs. However, in stark contrast, crude oil became one of the worst-performing commodities of the year. The price of Brent Crude Oil (Cash) Main Contract (2604)(BZmain.US) fell significantly over the year (approximately -20%), and the gold-to-oil ratio simultaneously rose to a historically high range. Looking back at the whole of 2025, it was a year when bearish factors in the oil market were concentrated and released, with demand affected by U.S. fiscal spending cuts and tariff policies.

Chuan Yue Global MacroJan 23 19:28

EIA Report: U.S. Gasoline Demand Slides to Lowest Level in at Least Three Years -- OPIS

Dow JonesJan 23 03:44

Crude Extends Losses As U.S. Posts Inventory Build -- Market Talk

WSJJan 23 01:39

US Total Crude Oil Stocks Rise Further in Week Ended Jan. 16

MT NewswiresJan 23 01:09