U.S. EIA crude oil imports for the week to June 12: -241,000 barrels; prior 525,000 barrels.

A JP Morgan Asset Management global markets strategist said the recent oil-price decline, prompted by a temporary US–Iran peace agreement due Friday, has cooled energy prices and opened selective value opportunities in European equities beneath headline indices. With the yield curve steepening, bank stocks “still have further upside,” and chemicals look attractive given their energy sensitivity and would gain if the recent oil shock reverses. He added market expectations that the ECB needs further hikes “appear overestimated.” He said 2025’s theme of embracing global asset diversification should continue as investors begin to navigate past the worst of the shock.

On June 16, Zhenjiu Lidu Group said at its 2025 annual shareholders' meeting that sales outlook has improved and it is raising 2026 guidance: full-year revenue growth target increased from 10% to 15%, and adjusted net profit guidance raised from 600 mln yuan to 800 mln yuan.