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Both WTI And Brent Crude Oil Prices Have Given Back Their Earlier Gains, Currently Trading At $88.98 Per Barrel And $99.88 Per Barrel, Respectively
London Metal Exchange (LME): Zinc Inventories Increased By 475 Tons, Nickel Inventories Remained Unchanged, Aluminum Inventories Remained Unchanged, Copper Inventories Decreased By 3,100 Tons, Lead Inventories Decreased By 225 Tons, And Tin Inventories Decreased By 80 Tons
The Yield On Italian 2-year Government Bonds Continued To Rise, Last Increasing By More Than 8 Basis Points To 3.5032%
India's Foreign Exchange Reserves Have Declined For Four Consecutive Weeks, Down By $50 Billion From Their September Peak
Market News: EU Member States Expect No New Oil Release Obligations Following The G7 Agreement
According To Estimates By Data Analytics Firm Kpler, Venezuelan Crude Oil Shipments To India Are Expected To More Than Double This Month, Reaching Approximately 465,000 Barrels Per Day (compared To 196,000 Barrels Per Day In September). If All Scheduled Shipments Arrive On Time, This Would Be The Highest Level Since December 2019
The German Ministry Of Economic Affairs Stated That Germany Will Participate In The Further Release Of Energy Reserves, As Determined By The International Energy Agency (IEA) In March. Efforts Are Currently Underway To Approve The Release Of These Reserves
Prohibiting Access To U.S. Military Bases: U.S. Senator Claims The Government Is Concealing The Cost Of The War With Iran
European Stock Markets Opened Lower, With Oil Prices And High Yields Weighing On Risk Appetite
Ukraine Says Multiple Regions Have Been Hit By Russian Missiles And Drones, Leaving Many Dead And Wounded

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New York Federal Reserve President Williams delivered a speech.
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Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index up 0.5% and the Energy Select Sector SPDR Fund (XLE) gaining 0.6%.
The Philadelphia Oil Service Sector index added 0.3%, and the Dow Jones US Utilities index eased 0.1%.
US crude oil stocks, including those in the Strategic Petroleum Reserve, rose by 4.6 million barrels in the week ended Friday following an increase of 4.3 million in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 4.6 million after a gain of 4.1 million gain in the previous week, larger than the 3 million increase expected in a survey compiled by Bloomberg.
West Texas Intermediate crude oil advanced 1% to $72.94 a barrel, while global benchmark Brent rose 1.1% to $76.85 a barrel.
US natural gas stocks fell by 196 billion cubic feet in the week ended Friday, larger than the 193 billion decrease expected in a survey compiled by Bloomberg and following a decrease of 100 billion in the previous week.
Henry Hub natural gas futures dropped 4.9% to $4.07 per 1 million BTU.
In corporate news, SolarBank shares rose 2.1%. The company plans to collaborate with Viridi to develop a 3.06 megawatt DC solar power and 1.2 megawatt-hours battery storage project in Buffalo, New York.
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