{"id":52109,"date":"2025-08-20T15:08:38","date_gmt":"2025-08-20T19:08:38","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/market-movers-oil-climbs-amazon-discounts-and-codelco-adjusts-production\/52109\/"},"modified":"2025-08-20T15:08:38","modified_gmt":"2025-08-20T19:08:38","slug":"market-movers-oil-climbs-amazon-discounts-and-codelco-adjusts-production","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-movers-oil-climbs-amazon-discounts-and-codelco-adjusts-production\/52109\/","title":{"rendered":"Market Movers: Oil Climbs, Amazon Discounts, and Codelco Adjusts Production"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Oil prices saw a notable increase<\/strong>, with Brent crude futures settling at <strong>$66.84\/bbl<\/strong>, up <strong>1.6%<\/strong>, and U.S. crude oil futures rising <strong>1.38%<\/strong> to <strong>$63.21\/bbl<\/strong>.<\/li>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) is offering a new discounted Prime membership for young adults aged 18-24<\/strong>, priced at <strong>$7.49 per month<\/strong>, a <strong>50% reduction<\/strong> from the standard rate.<\/li>\n<li><strong>JPMorgan-backed C6 Bank<\/strong> in Brazil anticipates a <strong>40% surge<\/strong> in its loan portfolio for 2025, projected to exceed <strong>80 billion reais<\/strong>, with <strong>80% of loans collateralized<\/strong> to mitigate risk in Brazil&#39;s high-interest environment.<\/li>\n<li><strong>Codelco<\/strong>, the Chilean state-owned copper producer, announced a <strong>cut in its 2025 production guidance<\/strong> due to a <strong>33,000-ton output loss<\/strong> at the El Teniente mine, while still aiming for a <strong>long-term goal of 1.7 million tons annually by 2030<\/strong>.<\/li>\n<li><strong>FOMC minutes<\/strong> indicate broad support for holding rates steady last month, with mentions of <em>inflation<\/em> (65 times) significantly outweighing <em>labor\/employment<\/em> (44 times), though the minutes do not reflect recent NFP, CPI, or PPI reports.<\/li>\n<\/ul>\n<p>Oil prices experienced an upward trend, with <strong>Brent crude futures<\/strong> closing at <strong>$66.84 per barrel<\/strong>, marking a <strong>$1.05 (1.6%) increase<\/strong>. Similarly, <strong>U.S. crude oil futures<\/strong> settled at <strong>$63.21 per barrel<\/strong>, gaining <strong>86 cents (1.38%)<\/strong>.<\/p>\n<p>In the tech and retail sector, <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> has launched a new discounted <strong>Prime membership<\/strong> specifically for young adults aged <strong>18 to 24<\/strong>. This enhanced plan is available for <strong>$7.49 per month<\/strong>, representing a <strong>50% discount<\/strong> from the standard membership fee. The offer includes a <strong>six-month free trial<\/strong> for eligible new members.<\/p>\n<p>Brazil&#39;s <strong>C6 Bank<\/strong>, which is backed by <strong>JPMorgan (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong>, is anticipating substantial growth in its loan portfolio. The bank expects its portfolio to increase by <strong>40% in 2025<\/strong>, surpassing <strong>80 billion reais<\/strong>. A key strategy to mitigate risk in Brazil\u2019s high interest rate environment is that <strong>80% of these loans are secured by collateral<\/strong>. The bank also reported an <strong>8% rise in first-half profit to 1.05 billion reais<\/strong>, with deposits surging by <strong>64%<\/strong>.<\/p>\n<p>Meanwhile, <strong>Codelco<\/strong>, the world&#39;s largest copper producer, faces a revised outlook for 2025. The company&#39;s chairman announced a <strong>cut in its 2025 production guidance<\/strong> following a significant <strong>33,000-ton output loss<\/strong> at the El Teniente mine. Despite this setback, <strong>Codelco<\/strong> remains committed to its long-term objective of producing <strong>1.7 million tons of copper annually by 2030<\/strong>.<\/p>\n<p>In geopolitical news, Poland&#39;s Defense Minister, <strong>W\u0142adys\u0142aw Kosiniak-Kamysz<\/strong>, has accused Russia of provoking NATO. This accusation follows reports that an object, <em>potentially a Russian Shahed drone<\/em>, landed overnight in a cornfield in eastern Poland.<\/p>\n<p>Finally, the recently released <strong>Federal Open Market Committee (FOMC) minutes<\/strong> from their July meeting indicate broad support for the decision to hold interest rates steady. The minutes show that <em>inflation<\/em> was mentioned 65 times, while <em>labor\/employment<\/em> was referenced 44 times, highlighting the committee&#39;s focus. It&#39;s important to note that these minutes <em>do not incorporate<\/em> the most recent Non-Farm Payrolls (NFP), Consumer Price Index (CPI), and Producer Price Index (PPI) reports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Oil prices saw a notable increase, with Brent crude futures settling at $66.84\/bbl, up 1.6%, and U.S. crude 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