US President Trump not looking to tap into SPR
President Trump's decision not to tap into the Strategic Petroleum Reserve (SPR) indicates a commitment to maintaining current oil supply dynamics, which could support crude prices.
Oracle (ORCL) reportedly plans thousands of jobs cuts as data center costs rise and Cloud unit pauses job hirings, according to Bloomberg
ECB President Lagarde says they will decide their monetary policy meeting by meeting based on data; has no pre-set stance
US President Trump not looking to tap into SPR
Iran reportedly says it currently has no intention to close the Strait of Hormuz, according to AFP
Shell (SHEL LN) and the Venezuelan government sign oil deals, according to reports
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This stance may influence market sentiments around inflation and energy stocks, particularly amid ongoing geopolitical tensions. Traders should watch for any potential shifts in energy market conditions or further signals from the administration.
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