Brent crude oil fell by 1.00% during the day and is currently trading at $93.24 per barrel.

Fed Inspector General: As Silicon Valley banks grew rapidly and became more complex, Fed supervisors failed to adapt their supervisory approach and supervisors lacked resources and expertise.

German Chancellor Scholz talked about industrial electricity prices: We are paying attention to this issue.

German Chancellor Scholz: We want to have permanently cheap energy supplies.

Fed Goolsby: Surprised that monetary tightening did not trigger broader financial stability issues.

Fed Goolsby: If long-term interest rates continue to rise, the Fed will have to look at it as a tightening measure.

Fed Goolsby: Still trying to understand why long-term interest rates are rising.

Fed Goolsby: Once the Fed returns to its 2% target or is on a clear path, it will be "completely appropriate" to discuss the target itself.

Fed Goolsby: I have not been a strong supporter of a clear inflation target.

German Chancellor Scholz: Supports global competition rather than protectionism.

Gazprom: Natural gas production in the first half of 2023 will be 179.45 billion cubic meters.

Fed Goolsby: Trying to address the impact of the auto industry strike.

Fed Goolsby: The Fed is trying to get a handle on the situation to determine whether a longer strike would lead to different inflation outcomes.

Federal Reserve Goolsby: Historically, strikes by workers in the auto industry have had little impact on inflation, but the current production capacity and inventory situation are different.

Fed Goolsby: From the perspective of its impact on GDP, how long the strike lasts for auto industry workers is crucial.