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On April 22, Adam Button, an analyst at the financial website Forexlive, said: The U.S. stock market started off badly this week. In the continued sell-off, the U.S. stock market continued to fall, with the S&P 500 index falling 3.3%, and there was almost no rebound today. Zooming in to the daily chart, the rebound since Trump suspended the reciprocal tariffs (April 9, U.S. time) is disappearing rapidly, and another 5% drop will retest the April low. I would not want to be a company that announces earnings this week, among which Tesla and Google are the most watched, but there are also many companies whose earnings reports can provide some economic insights.April 22, according to the Wall Street Journal, gold prices are unstoppable, and some traders are betting that the rally will continue. If prices continue to rise, these options may bring rewards. Late last week, call option trading volume linked to the worlds largest gold ETF soared to an all-time high. Crazy trading highlights strong fears, and turbulence is almost inevitable. U.S. stocks are plummeting. So are U.S. Treasuries and the dollar.On April 22, the Israeli Defense Forces issued a statement on the 21st saying that in the past 72 hours, the Israeli army launched air strikes in many places in the Gaza Strip, hitting more than 200 targets of Palestinian armed organizations, including hiding places of armed personnel and weapons storage facilities. The statement said that the Israeli army killed a member of the Palestinian Islamic Jihad (Jihad) rocket force in the operation. Jihad has not yet responded to the news.The Federal Reserve accepted a total of US$114.114 billion from 38 counterparties in fixed-rate reverse repurchase operations.Uber (UBER.N) fell more than 4%.

Oil prices rise due to concerns about a tightening supply

Aria Thomas

Sep 13, 2022 10:33

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Oil prices rose in the early hours of Tuesday, extending gains from the previous session, as investors fretted over a limited supply ahead of the winter heating season in the Northern Hemisphere.


Brent crude rose 5 cents to $94.05 per barrel at 00:06 GMT, while WTI crude rose 7 cents to $87.85 per barrel.


This year, crude oil prices on both sides of the Atlantic have climbed by more than 15 percent due to the Russia-Ukraine conflict. Energy costs have soared as a result of Moscow's reduction of gas supply to Europe in reaction to Western sanctions imposed for its invasion of its neighbor.


As the cost of the West's "energy war" with Russia continues to climb, a European Union draft proposal implies that fossil fuel companies may be obliged to share their excess profits with European consumers and businesses.


In the week ending September 9, emergency oil stocks in the United States fell 8.4 million barrels to 434.1 million barrels, the lowest level since October 1984, according to data released by the U.S. Department of Energy on Monday (DOE).


In March, U.S. President Joe Biden devised a plan to release 1 million barrels per day from the Strategic Petroleum Reserve (SPR) over the course of six months to counteract rising U.S. fuel prices, which have contributed to soaring inflation.


This past week, Energy Secretary Jennifer Granholm told Reuters that the Biden administration is assessing the need for more SPR releases when the current program expires in October.


In the interim, the G7 nations will impose a ceiling on the price of Russian oil to reduce the country's oil export income in an effort to punish Moscow for its invasion of Ukraine, while ensuring that developing nations continue to have access to oil.


However, the U.S. Treasury cautioned that the cap could force oil and gasoline prices in the United States to increase even further this winter.

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