Oil spike and the macro backdrop
Brent crude at $114 isn't the only number moving. The 10-year Treasury yield climbed to about 4.44%, and the 30-year yield broke above 5%. Freddie Mac reported the 30-year fixed mortgage rate at 6.30% as of April 30, up from 6.23% the week before. The Strait of Hormuz handles roughly 20% of global oil and LNG supply. Eurasia Group warned that without a deal to reopen the strait, US gasoline could hit $5 per gallon. The national average was already $4.457 on May 4, per AAA.
" Translation: "Lonjakan minyak dan latar belakang makro
Minyak mentah Brent pada $114 bukan satu-satunya angka yang bergerak. Hasil Perbendaharaan 10 tahun meningkat kepada kira-kira 4.44%, dan hasil 30 tahun menembusi di atas 5%. Freddie Mac melaporkan kadar gadai janji tetap 30 tahun pada 6.30% setakat 30 April, naik daripada 6.23% minggu sebelumnya. Selat Hormuz mengendalikan kira-kira 20% daripada bekalan minyak dan LNG global. Eurasia Group memberi amaran bahawa tanpa perjanjian untuk membuka semula selat itu, petrol AS boleh mencecah $5 per gelen. Purata nasional sudah berada pada $4.457 pada 4 Mei, menurut AAA.
" Note: "LNG" keep as is. "gasoline" -> "petrol" (Malaysian). "per gallon" -> "per gelen". "AAA" keep. Next paragraph: "Chevron's CEO warned physical shortages would appear. The US is releasing up to 92.5 million barrels from the Strategic Petroleum Reserve as part of an IEA effort, but crude held its gains. Gold fell 2% on May 4 despite the escalation — the dollar firmed and higher-rate expectations hardened. The IMF's Kristalina Georgieva said oil could reach around $125 if the conflict extends into 2027.
" Translation: "Ketua Pegawai Eksekutif Chevron memberi amaran bahawa kekurangan fizikal akan muncul. AS sedang mengeluarkan sehingga 92.5 juta tong dari Rizab Petroleum Strategik sebagai sebahagian daripada usaha IEA, tetapi minyak mentah mengekalkan kenaikannya. Emas jatuh 2% pada 4 Mei walaupun berlaku peningkatan ketegangan — dolar mengukuh dan jangkaan kadar lebih tinggi menjadi lebih kukuh. Kristalina Georgieva dari IMF berkata minyak boleh mencapai sekitar $125 jika konflik berlanjutan sehingga 2027.
" Note: "physical shortages" -> "kekurangan fizikal". "held its gains" -> "mengekalkan kenaikannya". "dollar firmed" -> "dolar mengukuh". "higher-rate expectations hardened" -> "jangkaan kadar lebih tinggi menjadi lebih kukuh". "extends into" -> "
