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On August 24, local time on August 23, US President Trump plans to deploy troops in Chicago. Military officials said that a plan is being drafted that may deploy thousands of National Guard members. The issue of mobilizing active-duty troops has also been discussed. Officials familiar with the matter said that the US Department of Defense has been planning to deploy troops to Chicago for weeks as Trump is trying to crack down on crime, homelessness and undocumented immigrants. It is understood that this model may be extended to other major cities later. This previously undisclosed plan includes a variety of options, including the deployment of at least thousands of National Guard members to Chicago as early as September. Two officials said that plans to deploy thousands of active-duty soldiers to Chicago have also been discussed, but this possibility is currently considered small.1. Russias Northern Fleet conducted special support exercises. 2. NATO officials stated they would continue to provide military aid to Ukraine. 3. South Africas president called for maintaining momentum to end the Russia-Ukraine conflict. 4. Zelenskyy met with the NATO Secretary-General and demanded "genuine and effective" security guarantees. 5. Russias Ministry of Defense announced it had taken control of the towns of Krebanbek and Sredny in eastern Ukraine. 6. Russian Defense Ministry: Russian forces launched cluster strikes against Ukrainian troops temporary bases in the Donetsk Peoples Republic. 7. A fire broke out in a transformer group outside the Kursk Nuclear Power Plant in Russia; the plant stated it posed no security threat. 8. Zelenskyy stated he was willing to discuss territorial issues under specific conditions, but would not cede territory. He stated that Russia was prepared to take steps to achieve peace and would be cautious about Russian signals.On August 24th, firefighters were reportedly investigating a fire at the Kursk Nuclear Power Plant in Russia. The fire occurred in a transformer unit located outside the plant, not within the plant itself. Power supply to the city of Kurchatov is currently normal, and the plant stressed that the incident does not pose a security threat.On August 23, the Italian Postal Service announced that the company will officially suspend the delivery of packages to the United States from August 23, but can continue to receive mail without goods sent to the United States.According to a report released by the Indonesian Meteorological, Climatological and Geophysical Agency on August 23rd, a magnitude 5.8 earthquake struck 51 kilometers southeast of the Aceh Special Region of Indonesia at 7:24 PM local time on August 23rd. The epicenter was located at 2.03 degrees north latitude and 96.52 degrees east longitude, with a depth of 12 kilometers. No tsunami risk is expected.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Move Higher After CPI Data

Cory Russell

Jan 13, 2023 16:05

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natural gas

The EIA Weekly Natural Gas Storage Report was the main topic of discussion today among gas dealers. In contrast to the analyst estimate of -13 Bcf, the data showed that working gas in storage grew by 11 Bcf from the previous week. Following the publication of the EIA data, natural gas prices rose further as traders concentrated on projections that suggest the weather may get colder starting on January 23.

WTI Oil

WTI oil prices are increasing as traders anticipate more demand from China. Data on US inflation gave oil prices even more support. A less hawkish Fed will benefit oil markets because lower interest rates would ease economic pressure.

Brent Oil

As traders continue to concentrate on the reopening of China's economy, Brent oil is now attempting to settle above the 50 EMA at $84.55. If Brent oil is able to hold above this point, it will continue to rise and move in the direction of the next resistance level at $86.00.