U.S. and Brent Crude Oil Prices Rise by Approximately $2
U.S. and Brent crude oil prices have risen by approximately $2, currently reported at $90.92 per barrel and $92.84 per barrel, respectively. In related news, U.S. President Trump stated that the U.S. will take strong measures against Iran tonight. The U.S. will seize Khark Island and will fully control Iran's oil and gas market.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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