Overnight news: US stocks closed higher, Dow hit a new high, escalation of Russia-Ukraine conflict boosted oil prices, Tesla is preparing for the Cybertruck to enter the China market

For more global financial news, please visit the 7×24 hours real-time financial news market close: The Dow Jones closed over 400 points higher, setting a new historical high. All three major indices recorded gains this week. On November 22, the top 20 transactions in the US stock market: It is reported that Tesla is preparing for the Cybertruck's entry into the china market. On Friday, china concept stocks showed mixed results, with WeRide rising 9.2% and pdd holdings falling 3.9%. The crude oil in the usa rose 6.5% this week, while the escalation of the Russia-Ukraine conflict pushed oil prices higher. Spot gold rose 5.7% in five days, regaining the $2,700 mark. European stocks all closed higher, with Germany's DAX 30 index up 0.84%. Macro.

Global Market Report17:31 ET

Crude oil product: WTI fell as the usa inventory data was bearish, thwarting the rise driven by geopolitical risks.

Crude oil prices fell as us energy inventory data was bearish for oil prices, halting the two-day rising trend caused by escalating tensions. WTI crude oil futures fell by 0.7%, settling below $69 per barrel. Previously, oil prices had risen due to the Ukrainian armed forces launching British cruise missiles at military targets within Russia, while Russia has intensified its nuclear retaliation threats. Following the Energy Information Administration (EIA) releasing data showing an increase of 0.545 million barrels in us crude oil inventories and an increase of 2.05 million barrels in gasoline inventories last week, the upward momentum in oil prices has faded. Nonetheless, the geopolitical situation remains noteworthy. Russia has stated its readiness to cooperate with.

Global market news.Nov 20 15:51 ET

Analyst: Oil prices fell back due to the rebound of the US dollar, deepening market concerns about increased output.

Oil prices fell in early trading on Thursday, reversing most of the gains from the previous trading day due to concerns about increased global output caused by a stronger dollar and slowing demand growth. Phillip mm us$d analyst Danish Lim stated, "In both the short term and future outlook, the main driver of oil prices will be the trend of the dollar." He noted that recent supply and demand changes have put pressure on oil prices. The recent rebound of the dollar is a key downward pressure, and the oil market is expected to remain volatile, despite a put bias. The dollar soared to a one-year high, continuing the upward trend seen on Wednesday, following the release of U.S. inflation data for October.

环球市场播报Nov 14 04:50 ET

Express News | D. Boral Capital Maintains Buy on US Energy, Maintains $2 Price Target

BenzingaNov 13 17:53 ET

U.S. Energy's Q3 2024 Results Highlight Strategic Moves

TipRanksNov 12 23:46 ET

Exxon Mobil CEO: Trump cannot significantly increase US oil production.

One of the campaign promises made by the elected President of the United States, Donald Trump, was to significantly increase US oil production and lower energy costs. However, Darren Woods, the CEO of the largest energy company in the USA, exxon mobil, expressed doubts on Tuesday about whether Trump can fulfill this promise, as US oil production is already at historically high levels. Woods said, 'I do not believe that US production is constrained, so I do not know if there is an opportunity to release a large amount of production in the near future, as most US operators have already optimized their production.' The opening ceremony of the 29th International Climate Change Summit in Baku, Azerbaijan.

Global market report.Nov 12 18:36 ET