EUR/USD
1.15426
-0.208%
Gold
5149.88
-0.497%
Oil
93.155
6.627%
USD/JPY
159.049
0.064%
GBP/USD
1.33802
-0.231%
GBP/JPY
212.815
-0.109%
Real-time News
On March 12, U.S. Energy Secretary Wright issued a statement regarding the release of the Strategic Petroleum Reserve, stating that the 32 member countries of the International Energy Agency unanimously agreed to President Trumps request to coordinate the release of 400 million barrels of crude oil and refined products from their reserves to lower energy prices. As part of this action, Trump authorized the Department of Energy to release 172 million barrels of crude oil from the Strategic Petroleum Reserve starting next week. Based on the planned release schedule, delivery is expected to be completed in approximately 120 days. Trump also pledged to ensure U.S. energy security through the responsible management of the Strategic Petroleum Reserve. The U.S. has already arranged to replenish its strategic reserves by approximately 200 million barrels over the next year—20% more than planned—at no cost to taxpayers.U.S. Trade Representative Greer: Hopes to complete the Section 301 investigation before the expiration of Section 122 tariffs.U.S. Trade Representative Greer: The investigation could lead to countermeasures, including additional tariffs.1. The three major U.S. stock indexes closed mixed. The Dow Jones Industrial Average fell 0.61% to 47,417.27 points, the S&P 500 fell 0.08% to 6,775.8 points, and the Nasdaq Composite rose 0.08% to 22,716.13 points. Sherwin-Williams fell more than 2%, and Home Depot fell nearly 2%, leading the decline in the Dow. The Wind U.S. Tech Big Seven Index rose 0.27%, Tesla rose more than 2%, and Nvidia rose 0.66%. The Nasdaq China Golden Dragon Index fell 0.77%, Wanwu Xinsheng fell more than 10%, and iQiyi fell more than 4%. The market continues to focus on the development of the U.S.-Israel-Iran war and oil price trends. 2. The three major European stock indexes all closed lower. The German DAX fell 1.37% to 23,640.03 points, the French CAC40 fell 0.19% to 8,041.81 points, and the UK FTSE 100 fell 0.56% to 10,353.77 points. 3. US Treasury yields rose across the board. The 2-year Treasury yield rose 6.06 basis points to 3.651%, the 3-year Treasury yield rose 6.23 basis points to 3.675%, the 5-year Treasury yield rose 6.31 basis points to 3.804%, the 10-year Treasury yield rose 7.20 basis points to 4.230%, and the 30-year Treasury yield rose 9.03 basis points to 4.880%. 4. International precious metals futures generally closed lower. COMEX gold futures fell 1.11% to $5183.90 per ounce, and COMEX silver futures fell 4.11% to $85.91 per ounce. 5. The most active US crude oil contract closed up 5.94% at $88.41 per barrel; the most active Brent crude oil contract rose 6.64% to $93.63 per barrel. 6. Most London base metals fell, with LME aluminum up 1.50% to $3457.0/ton, LME nickel up 1.33% to $17720.0/ton, LME lead down 0.26% to $1938.5/ton, LME copper down 0.69% to $13049.0/ton, LME zinc down 0.90% to $3315.5/ton, and LME tin down 1.06% to $49905.0/ton.The U.S. Department of Energy says that, based on the planned release rate, it will take approximately 120 days to release the 172 million barrels of oil.
