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On February 20th, Tesla (TSLA.O) launched a more affordable Cybertruck model in the US, priced at $59,990. This model features a dual-motor all-wheel-drive system and is the companys most affordable Cybertruck to date. According to pricing information on the electric vehicle manufacturers website, the company also lowered the price of its most expensive Cybertruck model, the "Cyberbeast," from $114,990 to $99,990. With the price reduction, Tesla appears to be discontinuing the luxury package that includes "Supervised Full Self-Driving" and free access to the Supercharger network for this model.The yield on Japans 40-year government bonds fell 3.5 basis points to 3.540%.The yield on Japans 30-year government bonds fell 3.0 basis points to 3.300%.February 20th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices have slightly declined, a natural profit-taking move after the previous rally. Prices appear to be regrouping and rebuilding bullish momentum that could support the uptrend. This limited decline represents a healthy correction rather than structural weakness, but rather a temporary cooling of momentum. Meanwhile, prices are attempting to sell some overbought conditions via the Relative Strength Index (RSI), especially in the presence of negative signals, but trading above the EMA50 continues to provide key dynamic support for the main bullish trend in the short term.February 20th - According to the Wall Street Journal, European Central Bank President Christine Lagarde stated that she expects her term as ECB president to continue until the end. This comes amid speculation that she might resign early to allow the French government to assist in selecting a successor before next years general election. In an interview, she said, "Looking back over the years, I think weve accomplished a lot, and Ive accomplished a lot. We need to consolidate those achievements and ensure that everything is truly solid and reliable. Therefore, my basic expectation is that this will continue until the end of my term." Lagarde stated that she believes her responsibility lies in maintaining price and financial stability, while also "protecting the euro and ensuring it is solid, strong, and adaptable to Europes future." Furthermore, Lagarde indicated that the World Economic Forum would be one of "many options" she is considering once she leaves the central bank.

U.S. EIA Crude Oil Inventory Report

The weekly US EIA Crude oil inventory value is based on the weekly change of commercial Crude oil inventory in the United states.

Date
Former Value
(ten thousand barrels)
Actual Value
(ten thousand barrels)
Expected Value
(ten thousand barrels)
Read More
Sources: Jin10.com