LSEG data showed loadings of CPC blends from Black Sea terminals to Asia fell to 550,000 tonnes in January from 1.2 million tonnes in December.

Three sources: Chevron to reroute shipping of Kazakhstan’s CPC blended crude to Asia from the Red Sea to a longer route around Africa.

The Federal Reserve accepted a total of $577.755 billion from 78 counterparties in fixed-rate reverse repurchase operations.

According to Politico: The U.S. Department of Defense successfully tested a precision bomb for Ukraine.

According to the AXIOS website: Israeli Minister of Strategic Affairs Ron Demer will visit the White House on Wednesday.

According to the Wall Street Journal: The Wall Street Journal plans layoffs and restructuring in Washington.

United Nations Security Council: Expressed concern over the "serious and rapidly deteriorating humanitarian situation" in the Gaza Strip and the urgent need for increased assistance.

According to Agence France-Presse: The Illinois State Election Commission has retained former U.S. President Trump on the state’s primary candidate list, rejecting a challenge under the 14th Amendment to the U.S. Constitution.

US President Joe Biden spoke with the families of service members killed in Jordan.

Spanish Prime Minister Sanchez loses crucial vote.

Marathon Oil: Believes global demand will reach record levels in 2024.

The U.S. Senate banking chairman urged the Federal Reserve to cut interest rates “earlier this year.”

ECB Governing Council member Nagel: The ECB will make meeting decisions one by one.

The United States has stated that whether to resume sanctions on Venezuelan oil depends on whether there is a fair election.

ECB Governing Council member Nagel: Inflation is definitely moving in the right direction.

The S&P 500 hit a new record intraday high and is now roughly flat.

U.S. natural gas futures rose 3.00% during the day and are currently trading at $2.116/million British thermal units.

Bundesbank President Nagel: Germany’s economic outlook is not optimistic.

According to Iraqi state media: The Foreign Minister of Iraq had a phone call with his Jordanian counterpart and expressed condemnation of the attack on U.S. troops on Jordanian soil.