Key Focus on Financial Data and Events on January 14, 2026 (Wednesday)

1. TBA China December Trade Balance — As a major global commodity demand country, import and export data will directly reflect the resilience of energy, industrial raw materials, and other demands, providing key guidance for pricing of crude oil and other commodities.

2. TBA OPEC Monthly Oil Market Report — Covering member country production data, global oil supply and demand forecasts, and market outlook, it is a core authoritative basis for assessing mid-term oil supply and demand patterns.

3. TBA U.S. Supreme Court Ruling on the Legality of Trump’s Tariffs — Changes in tariff policies will impact cross-border trade costs for crude oil, industrial products, and others, triggering market sentiment fluctuations in related commodities.

4. 10:00 State Council Information Office holds a press conference — Content such as macro policy guidance and economic operation analysis may release important signals affecting commodity demand.

5. 21:30 U.S. November Retail Sales MoM — Reflecting the activity level of the U.S. consumer market, an important forward-looking indicator of crude oil demand, with data strength or weakness influencing short-term oil price trends.

6. 21:30 U.S. November PPI YoY — Measuring inflation in the industrial sector, closely related to Federal Reserve monetary policy paths, thereby affecting dollar-denominated crude oil prices.

7. 21:30 U.S. November PPI MoM — More indicative of short-term inflation trends, with immediate market impact on rate hike or cut expectations.

8. 21:30 U.S. Q3 Current Account — Reflecting the U.S. balance of payments, changes in the data gap will influence the dollar exchange rate, indirectly affecting prices of crude oil and other commodities.

9. 22:50 Federal Reserve Powell Speech — Statements from Fed officials will reveal monetary policy stance clues, guiding market expectations on interest rates.

10. 23:00 U.S. October Business Inventories MoM — Inventory data reflect the match between supply and demand, providing reference for spot market pricing of crude oil and industrial products.

11. 23:00 U.S. December Existing Home Sales (Annualized) — An indicator of the real estate market’s health, related to energy consumption and economic recovery expectations, indirectly affecting crude oil demand.

12. 23:00 Federal Reserve Board Member Milani Speech in Athens — Overseas speeches should be watched for views on inflation, employment, and monetary policy, which may trigger market expectation adjustments.

13. 23:30 U.S. EIA Crude Oil Inventories for the week ending January 9 — Core data in the crude oil market, directly reflecting U.S. crude supply and demand changes, a key catalyst for short-term price fluctuations.

14. 23:30 U.S. EIA Cushing Crude Oil Inventories for the week ending January 9 — As the core delivery hub for U.S. crude, inventory changes directly impact crude futures pricing.

15. 23:30 U.S. EIA Strategic Petroleum Reserve Inventories for the week ending January 9 — Changes in strategic reserves reflect official market regulation stance, influencing medium- and long-term supply expectations.

16. Next day 01:00 Federal Reserve Kashkari Speech — Speech by a hawkish Fed official, focus on latest judgments regarding inflation stickiness and interest rate policies.

17. Next day 03:00 Federal Reserve Beige Book — Summarizes economic conditions across 12 Federal Reserve districts, providing a comprehensive view of economic trends for monetary policy reference.

18. Next day 03:10 Federal Reserve Williams Speech — As a key Fed member, his speech has a strong guiding effect on market expectations.