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OPEC+ failed to reach an agreement to increase production, supply prospects are tightening, and oil prices continue to hit new highs in the past three years
The Organization of Petroleum Exporting Countries (OPEC) + made its third attempt on Monday, but was unable to reach an agreement and cancelled plans to hold a meeting, making the supply and demand situation in the oil market more tense than expected. Delegates at the meeting said that after several days of intense talks, Saudi Arabia and the UAE were still unable to resolve the heated dispute; since the information was not disclosed, people familiar with the matter requested anonymity. Since no agreement has been reached, OPEC+ will continue to implement current production restrictions. As oil demand gradually recovers after the pandemic, it is difficult for the global economy to obtain additional energy supplies. OPEC Secretary General Mohammad Barkindo is at
Sales of new homes in the United States rose faster than expected in January
Sales of new homes in the US hit a three-month high in January, rising faster than expected as buyers took advantage of low mortgage rates to buy homes. Now the interest rate is starting to rise. Government data released on Wednesday showed that sales of new single-family homes rose 4.3 per cent in January, or an annualised rate of 923000, from an upward revision to 885000 in December. The median estimate is 856000 sets. The median price rose 5.3 per cent year-on-year to $346400, the highest in January. The backlog of orders from builders remains high, indicating that residential construction will remain strong in the coming months.
At a time when US technology stocks fell sharply, “bottom-hunting” became popular on Twitter
The “bottom-hunting” strategy, which became a mantra in the pandemic era, won again on Tuesday. Just before 10 a.m. New York time, the Nasdaq 100 index, which is mostly a technology stock, fell more than 3%, erasing gains during the year. However, around this point, short-term traders came to the computer, and the words “find the bottom” were trending on Twitter. By 15:20, the NASDAQ 100 index was corrected. This was the first time since the epidemic scare in February last year that it had recovered such a large intraday decline. In the end, the index closed down 0.2%. Since March of last year, US stocks have bravely moved forward and broken out of the trough time and time again. So far, they have risen 75%, and have been almost foolproof during this period
The chief financial officer of Game Station will leave his job next month, and the stock price will plummet for a while after the market
US video game retailer GamePost announced after the market Tuesday that its chief financial officer Jim Bell (Jim Bell) will step down next month. The news came as the company focused on shifting to technology-driven sales after the retail war surrounding the stock ended. Game Station said that Bell's resignation was not in any disagreement with the company on operational issues, including accounting principles and practices. However, according to some sources, although Bell's withdrawal had nothing to do with the sharp fluctuations in Game Station's stock price triggered by retail traders on the social media site Reddit, his departure was dominated by the company
Natural gas prices plummeted 99%, US energy crisis alert lifted?
Original title: Natural gas prices plummeted 99%, US energy crisis alert lifted? According to PowerOutage.us data, as of noon on Thursday, about 500,000 homes and businesses in Texas were still without power, a significant drop from more than 3 million on Wednesday. The power grid operator said that the power plants that were forced to shut down due to the cold are gradually resuming operation, but there are still about 40 gigawatts of generator sets that are shut down. If they operate normally, they can supply electricity to 8 million households. The Texas government has intervened in the state's natural gas industry, prohibiting gas producers from transporting electricity and heating across states
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