United States EIA Crude Oil Stocks Change: -6.233M (April 24) vs previous 1.925M

Apr 29, 2026

USD: Fed risks and Middle East tensions – MUFG

MUFG’s Derek Halpenny notes the US Dollar is broadly steady as resilient US equities and strong earnings temper risk aversion despite escalating Middle East tensions and a prolonged closure of the Strait of Hormuz.

Gold: Rising reserve role as history returns – Deutsche Bank

Deutsche Bank’s Mallika Sachdeva argues that shifting geopolitics are reshaping central bank reserve allocation towards Gold and away from the US Dollar (USD).