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Chicago Fed President Goolsbee, a 2025 FOMC voting member, will be interviewed by CNBC in ten minutes.1. I will wait patiently until the opportunity I need appears before placing an order. This position must have certain volatility, clear stop loss point, and large profit margin. Once the price hits the stop loss, the stop loss order will be executed unconditionally. If there is a floating profit, the conditional order will be gradually changed to change the exit point. I leave the maximum profit to the market. 2. A long-term stable and profitable trading system must have one of the following advantages: 1. The winning rate is superior; 2. The profit and loss ratio is superior; 3. Both the winning rate and the profit and loss ratio are superior. Excluding the factor of transaction costs, theoretically there are as many ways to make money as there are ways to lose money. 3. The attempts and failures in the past are the accumulation of experience to improve the trading system. I believe that the value of these accumulations will be reflected in future transactions. 4. Trading is indeed a probability game, because no one can predict the market 100%, and even the top masters achieve periodic profits by making big profits and small losses. In order to wait for the time when the balance tilts to my side, I would rather give up some opportunities that are not in my favor. There is no shortage of stars in the capital market, but the proportion of birthday stars is extremely low. For subjective traders like me, the balance of mentality is related to the implementation of execution. 5. There are many short-term trading opportunities, and it is very helpful for subjective trading beginners to gain a sense of the market. For subjective trading, the bigger the cycle, the more money you can make. Even if there is sudden major fundamental information and it affects price fluctuations, I will resolutely implement it according to my original plan without making any changes. I feel that foreign exchange and foreign markets are the safest. All speculative transactions are trading the future, and all information published to the world has no value to me. In the end, trading still depends on yourself, thinking hard, summarizing well, requiring perseverance, and being rational.Competition Commission of India: Googles settlement proposal is for INR 202.4 million.Trump: May Pope Francis rest in peace and may God bless him and all those who care about him.On April 21, Longyuan Power (00916.HK) announced that the company had completed the issuance of medium-term notes on April 18, 2025. The total issuance amount of the medium-term notes is RMB 2 billion, with a term of 3 years, a unit face value of RMB 100, and a coupon rate of 1.78%; the interest will be calculated from April 21, 2025.

The U.S. Strategic Petroleum Reserve Has Fallen to Its Lowest Point Since 1987

Charlie Brooks

May 17, 2022 09:50

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The volume of crude oil in the U.S. Strategic Petroleum Reserve (SPR) decreased by 5 million barrels during the week ending May 13.


Stockpiles from 1987, to 538 million barrels in the Strategic Petroleum Reserve (SPR).


According to the data, approximately 3.9 million barrels of sour oil and 1.1 million barrels of sweet crude were discharged onto the market.


President Joe Biden announced in March the largest release ever from the U.S. emergency oil reserve, 1 million barrels per day (bpd) of crude oil for six months, in an effort to reduce gasoline prices that had skyrocketed due to Russia's invasion of Ukraine.


Prior to that, the United States had agreed to release 30 million barrels of SPR oil in March and 50 million barrels from SPR in November.


The price of a barrel of crude oil in the United States has increased by over 25 percent to nearly $114 due to market concerns about a supply shortage. This week, retail gasoline and diesel prices reached all-time highs as fuel demand returned to pre-pandemic levels and refining capacity fell.


The 180 million-barrel discharge was the third time in the previous six months that the United States had tapped the Strategic Petroleum Reserve.


Winners of the most recent SPR auction were Valero Energy Corp (NYSE:VLO), Motiva, Exxon Mobil (NYSE:XOM), Shell (LON:RDSa), Phillips, and Marathon Petroleum Corp. (NYSE:MPC).


According to U.S. Customs data, ship tracking, and an industry source, at least three vessels carrying crude oil from U.S. emergency stocks set sail for Europe in April as European refiners rushed to replace Russian crude supplies.

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