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Both WTI and Brent crude oil prices rose in the short term. WTI crude oil surged 4.00% intraday to $102.57 per barrel, while Brent crude oil is currently trading at $106.01 per barrel, up 3.4% intraday.

2026-05-13

Both WTI and Brent crude oil prices rose in the short term. WTI crude oil surged 4.00% intraday to $102.57 per barrel, while Brent crude oil is currently trading at $106.01 per barrel, up 3.4% intraday.

Other News
2026-05-12

The world's largest gold ETF, SPDR Gold Trust, increased its holdings by 2.285 tons from the previous day, with its current holdings at 1036.28 tons.

The world's largest gold ETF, SPDR Gold Trust, increased its holdings by 2.285 tons from the previous day, with its current holdings at 1036.28 tons.
2026-05-12

1. China Automotive Power Battery Industry Alliance: April sales of power and energy storage batteries reached 164.2 GWh, a year-on-year increase of 39%. 2. Bank of America downgraded the stock ratings of several European automakers. 3. Reports ind

1. China Automotive Power Battery Industry Alliance: April sales of power and energy storage batteries reached 164.2 GWh, a year-on-year increase of 39%. 2. Bank of America downgraded the stock ratings of several European automakers. 3. Reports indicate that Panasonic's 4680 cylindrical lithium-ion battery for automotive applications is facing commercialization obstacles and has yet to receive key orders. 4. Seres' battery pack collision scenario-based technology has been licensed, enabling the battery pack to separate from the vehicle body during a collision. 5. Domestic power battery installations reached 62.4 GWh in April, a year-on-year increase of 15.2%. 6. Chery responded to rumors of "entering the Japanese market": It is only a shareholder in the EMT project and does not participate in its operation and management. 7. Restructuring Automotive R&D: A white paper on intelligent agents, jointly edited by IAT and the China Association of Automobile Manufacturers, is pre-released. 8. Breakthrough in the integrated reliability and quality technology of intelligent assembly lines for domestically produced high-end CNC machine tools has been achieved and is already being used in new energy vehicle powertrain production lines. 9. Li Xiang: Our ideal is not to burn money and follow trends in chip development, but to bring AI into the physical world and provide users with an Apple-like experience. 10. Toyota announces plans to build its fourth factory in India: scheduled to begin production in 2029, aiming for a capacity of one million units. 11. The first batch of Chinese electric vehicles arrives in Canada: Chery and Geely test drive vehicles have arrived in Toronto.
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