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Futures news on May 14: 1. The trading volume of WTI crude oil futures was 939,755 lots, a decrease of 148,917 lots from the previous trading day. The open interest was 1,950,127 lots, a decrease of 19,565 lots from the previous trading day. 2. The trading volume of Brent crude oil futures was 188,785 lots, a decrease of 19,077 lots from the previous trading day. The open interest was 197,926 lots, an increase of 2,405 lots from the previous trading day. 3. The trading volume of natural gas futures was 423,419 lots, a decrease of 80,059 lots from the previous trading day. The open interest was 1,530,807 lots, an increase of 7,222 lots from the previous trading day.Jefferies: Downgraded Rivian (RIVN.O) rating from buy to hold.Futures News on May 14, Economies.com analysts latest views today: In recent trading, spot gold prices have declined and failed to break through the key resistance level of $3,260. From the short-term trend, the gold market is currently dominated by a short correction. The previous major bullish trend line was broken, further exacerbating the downward pressure on the market. As the price of gold is currently below its 50-day moving average (EMA50), the negative pressure on the technical side has also suppressed the price rebound to a certain extent. At the same time, the negative signals on the relative strength index (RSI) further strengthened the bearish sentiment in the market. Previously, the price of gold successfully alleviated the oversold condition in previous transactions, but the current trend seems to open up space for further declines.Futures News on May 14, Economies.com analysts latest views today: In recent trading, WTI crude oil futures have fallen to a certain extent. This adjustment is mainly to consolidate the gains accumulated from the previous rise, while trying to accumulate positive momentum through a correction to create conditions for subsequent price recovery and further rise. In addition, crude oil prices are also trying to ease the obvious overbought conditions shown on the relative strength index (RSI). The appearance of the dead cross shows that the market seems to be releasing signals of adjustment. However, from the short-term trend, the crude oil market is still dominated by a bull correction. Prices are trading along the rising trend line, showing a certain degree of technical resilience. As crude oil prices are still above their 50-day moving average (EMA50), dynamic support continues, which provides a strong technical basis for further strengthening of crude oil prices.Futures May 14, Economies.com analysts latest view today: Brent crude oil prices have fallen in recent intraday trading. However, in the short term, bullish corrections still dominate, and prices are trading near the trend line. As Brent crude oil prices continue to trade above the 50-day moving average (EMA50), the bullish pattern may continue. However, as the current price is far from EMA50, it may cause the price to give up some of the previous gains and ease the more obvious overbought state in the relative strength index (RSI), especially the RSI begins to show negative overlap signals. However, Brent crude oil prices are still accumulating positive momentum, and it is expected to use this momentum to rebound and rise again.

Significant Damage to Oreo Manufacturer Mondelez's Ukrainian Cookie Business

Haiden Holmes

Apr 01, 2022 09:59

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According to the firm, no personnel were hurt in the incident, to the best of their knowledge. Mondelez claimed in an emailed statement that the Oreo facility – one of at least two Mondelez facilities in Ukraine, according to workers – was shuttered immediately after the war started. Russia invaded Ukraine more than a month ago in what the Kremlin describes as a "special operation."


This week, the US determined that Ukrainian troops had recaptured Trostyanets from Russia.


Mondelez, which manufactures Milka chocolate and other regionally branded biscuits across Europe, claimed it has been difficult to contact all of its workers due to telecommunications failures in the Trostyanets area. Additionally, the corporation is collaborating with Ukrainian authorities to replenish the region with water and electricity, as well as contributing wheat and sugar to non-governmental groups.


Mondelez said it is too early to determine the plant's next course of action.


Confronted with pressure to leave Russia in March, the Chicago-based snack company announced it would curtail "non-essential activity" in the country while assisting in the maintenance of food supplies. In a message posted on the company's website, CEO Dirk Van de Put criticized the assault and urged an end to the war.


The corporation has come under fire for its decision to continue operating in Russia.