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Oil prices hold steady amid Middle East tensions and OPEC+ cuts; US production near record highs.

Market News
05 May 2026
FXEmpire
View Source
Neutral
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Oil prices remain supported by geopolitical risks in the Strait of Hormuz and ongoing OPEC+ production cuts extended through early next year. US oil production stays high at nearly 13.5 million barrels per day, balancing tighter supply signaled by a 6.2 million-barrel inventory drop. Brent crude is sensitive to Middle East shipping lane risks, while WTI is influenced by strong US output. Natural gas faces bearish pressure due to robust US production and mild spring weather, though summer demand could tighten the market. Investors watch for price moves with WTI potentially rising to $109 and Brent testing $114 resistance levels.

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Cortea raises €12M to launch AI tools enhancing audit quality and efficiency for firms in UK, US, and Germany.

Cortea raises €12M to launch AI tools enhancing audit quality and efficiency for firms in UK, US, and Germany.

Cortea secured €12 million in funding led by Dawn Capital to develop AI-powered Audit Quality Agents that review audit reports and financial statements, identifying errors and inconsistencies before sign-off. These tools help audit firms improve qual...

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Cortea raises €12M to help auditors use AI without losing quality

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Hong Kong launches 'Summer Fun' with events, discounts, and exclusive offers to boost tourism this summer.

Hong Kong launches 'Summer Fun' with events, discounts, and exclusive offers to boost tourism this summer.

Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign featuring a series of vibrant summer events including the 50th Sun Life Hong Kong International Dragon Boat Festival, Pixar Summer Fest, and a major football event with top Euro...

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Hong Kong launches "Summer Fun" with citywide events and massive deals through August.

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Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign, featuring festivals, family attractions, sports events, and exclusive summer deals valid until August 31. Highlights include the 50th Sun Life Hong Kong International Dragon Bo...

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XTransfer named to FXC Intelligence’s Top 100 Cross-Border Payments Companies for 2026 again

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XTransfer has been recognized for the second consecutive year in FXC Intelligence’s 2026 Top 100 Cross-Border Payments Companies list, highlighting its role in advancing global B2B payment solutions. The company, serving over 890,000 enterprises in 2...

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