Live Updates

12

Mar 2026
RBC Economics says oil still supports Canada’s economy, boosting profits yet reducing households’ purchasing power

Canada’s smaller oil sector still boosts exports; higher oil prices raise costs but GDP impact remains neutral.

12

Mar 2026
Improving risk mood lifted AUD as RBA sounded hawkish; markets price March hike odds, OCBC expects May

Australian Dollar climbed on improved risk appetite, hawkish RBA signals, rising rate-hike odds and higher energy prices.

12

Mar 2026
IEA reports 32 members’ unanimous plan to release 400 million reserve oil barrels to markets, historic scale

IEA members agreed to release 400 million barrels from emergency reserves, largest coordinated strategic oil release ever.

12

Mar 2026
TD Securities report February US CPI met forecasts, while core and supercore inflation cooled versus January tariff spike

February CPI matched forecasts; core and supercore cooled. TD sees higher energy lifting March inflation near 3%.

12

Mar 2026
US EIA reports crude oil inventories rose 3.824 million, exceeding forecasts of 1.1 million in early March

US EIA data on March 6 showed crude oil stocks rose 3.824M, exceeding the 1.1M forecast.

12

Mar 2026
After rejection near 24,300, Nifty triggered an Elliott Wave breakdown, falling around 400 points as forecasted

Nifty dropped 400 points after failing at 24,300; video revisits Elliott Wave plan predicting reversal toward 23,900.

12

Mar 2026
Rabobank says WTI eases from $120 peak, yet stays supported by cut Gulf output, constrained rerouting capacity

WTI pulled back from $120; Hormuz closure strands supply, easing later as rerouting, SPR releases, flows return.

12

Mar 2026
Trump told Axios the US-Iran war should end soon, as Iran has few remaining targets

Trump told Axios Iran war will end soon, claiming little left to target, ending whenever he wants.

12

Mar 2026
ABN AMRO economists say Iran-driven oil and gas price rises would weaken Eurozone growth more than US growth

ABN AMRO warns Iran-driven energy price spikes may hit Eurozone growth harder, raising inflation and ECB rates.

12

Mar 2026
OPEC maintains 2026-2027 global oil demand growth forecasts unchanged, while WTI continues struggling to find direction

OPEC kept 2026-27 oil demand growth forecasts unchanged as OPEC+ output rose; Japan, Germany plan reserve releases.

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