Oil prices rose for a second day on Friday, up more than 1% and set for their third weekly gain, on uncertainty about the future of supply from Venezuela and as Iranian unrest increases concerns about output there.
The total sales volume for the automotive industry is expected to see further moderation due to declining order backlogs and the ending of the excise-duty exemption for completely- built-up (CBU) electric vehicles (EVs), analysts say.
MARKET DATA
According to data from the Federation of Thai Industries (FTI), domestic sales reached 51,044 units in November 2025. Year-to-date (YTD) figures showed a total of 546,045 units sold from January to November 2025, which increased by 5.3 per cent YoY.
Most Asian stock markets fell on Thursday, tracking a largely weaker close on Wall Street overnight, while South Korean shares hit fresh record highs after robust earnings forecasts from Samsung Electronics boosted sentiment.
The U.S. Treasury Department is moving forward with implementing President Donald Trump’s tax deduction for interest on American car loans, according to U.S. Secretary of the Treasury, Scott Bessent.
U.S. President Donald Trump and his administration is planning an elaborate initiative to control the Venezuelan oil industry for years, with a target of lowering oil prices to his target of $50 a barrel, the Wall Street Journal reported on Thursday.