Oil futures fell on Thursday, with trader concern over bearish impact from interest rate hikes countered by potentially bullish US oil inventory data after preliminary figures showed a fall in stocks.

Brexit has been an “economic disaster” for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing the UK decline in importance as a trading partner, German economists said.

Oil prices stabilised on Wednesday ahead of Federal Reserve Chair Jerome Powell’s congressional testimony later in the day and as data showing British inflation remained sticky raised the possibility of a hawkish Bank of England policy decision this week.

Airbus announced a record 500-plane deal with Indian airline IndiGo on day one of the Paris Airshow on Monday, as strong demand for jets and air defences vied for attention with the industry’s supply chain problems.

Oil prices fell on Monday as questions over China’s economy outweighed Opec+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States.

Igor Sechin, head of Russian energy major Rosneft, said on Saturday that Russia is losing out to other Opec+ countries due to a smaller share of its oil production being exported.

Oil rose on Friday and posted a weekly gain, as higher Chinese demand and Opec+ supply cuts lifted prices, despite expected weakness in the global economy and the prospect for further interest rate hikes.

Iran’s crude exports and oil output have hit new highs in 2023 despite US sanctions, consultants, shipping data and a source familiar with the matter, adding to global supply when other producers are limiting output.

US planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers.

Russia may account for almost a third of India’s oil imports by the end of the current financial year, Arun Kumar Singh, the head of India’s Oil and Natural Gas Corp Ltd, was cited as saying on Saturday by Russian news agency Interfax.

The German economy is set to shrink in 2023 after a weak start to the year and as consumers continue to rein in spending because of stubbornly high inflation, Bundesbank president Joachim Nagel said Friday.

An intensely hot summer and unprecedented drought are straining energy supplies in northern Vietnam, prompting rolling blackouts and sudden power outages that have led to  “uncountable” losses among local firms and foreign manufacturers.

A strong start to June for Sweden’s H&M and the return to profitability at online fashion retailer ASOS helped to allay concerns around a sector hit recently by weakening demand in the US.

High food prices will prompt poorer nations to cut back on food imports this year, the UN’s Food and Agriculture Organization said Thursday.

German investor morale improved unexpectedly in June, the ZEW economic research institute said on Tuesday, but warned of persistent headwinds as export-focused sectors struggled with a weak global economy.

Born out of the desire to create a decentralised currency not controlled by a government, the crypto movement has long resisted regulation.

Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s plunge.

As a new European Union zero-tolerance deforestation law looms, several major investors told Reuters they are concerned about their exposure to the issue, with some saying they could quit consumer goods makers with “risky” supply chains.

The number of fossil fuel companies setting net-zero emissions targets has risen sharply over the past year, but most fail to address key concerns, making them “largely meaningless”, a report showed on Monday.

The dollar slipped on Monday as traders stayed on guard ahead of policy decisions this week from several central banks, including the Federal Reserve, who are expected to keep interest rates on hold for the first time since January 2022.