CONCLUDED Stock Market News From Jan. 21, 2026: Nasdaq Pops After Trump Backs Off Europe Tariffs Last Updated: 2 hours ago Oil Settles Higher With Support From Heating Fuel By Oil futures settle higher in choppy rangebound trade, helped by rising winter fuel demand and easing tensions between the U.S. and Europe over Greenland. "The cold temperatures are definitely boosting the heating oil market, and that's giving some support," says Phil Flynn of the Price Futures Group. Also on the bullish side, the IEA ...

Group 1 - Bank of America reported a 12% increase in quarterly profit, driven by consumer spending, but its stock price declined [1] - Wells Fargo's stock also fell after reporting disappointing net income per share [1] - Citigroup experienced a decline in quarterly profit due to a $1.2 billion loss from the sale of its Russia operations [1] Group 2 - Gold and silver futures reached intraday record highs, influenced by geopolitical tensions, along with copper contracts in New York [2] - Oil futures continued to rise following President Trump's suggestion of potential U.S. intervention in Iran [2] Group 3 - Retail sales in November increased by 0.6%, marking an unexpectedly sharp rise, while wholesale inflation was lower than anticipated at 0.2% for the same month [3] Group 4 - Japan's Nikkei 225 index achieved another record high, with rising bond yields, as the prime minister called for a snap election [4] - South Korea's Kospi composite index also reached an all-time peak [4]

Corporate News - Warner Bros. Discovery recommended its shareholders reject Paramount's amended hostile bid for the company, stating that its existing deal with Netflix is stronger [3] - European defense stocks rallied as investors anticipate increased military spending in the continent [3] Market Trends - Oil futures initially dropped but later recovered after President Trump announced that Venezuela will provide the U.S. with up to 50 million barrels of crude [2] - Bond yields decreased globally, including in the U.S., following weaker-than-expected economic data, with U.S. private-sector employment rising by only 41,000 jobs in December according to ADP [2] - A halt in the rise of gold, silver, and copper prices negatively impacted global mining shares, with silver futures dropping more than 5% [4]

Core Viewpoint - Oil futures began the year on a downward trend due to concerns about oversupply, which are somewhat mitigated by geopolitical risks [1] Group 1 - Oil futures are lower at the start of the year [1] - Concerns about oversupply are impacting oil prices [1] - Geopolitical risks are partially containing the oversupply concerns [1]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in relation to investments in cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and opinions, as well as materials from third parties for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for any financial actions, including investments or purchases [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned that prices may be provided by market makers rather than exchanges [1]. Group 2 - The content includes information about complex financial instruments such as cryptocurrencies and CFDs, which carry a high risk of losing money [1]. - Users are encouraged to understand how these instruments work and to assess their ability to take on the associated risks before investing [1]. - The website may feature advertisements and promotional content, and FX Empire may receive compensation from third parties related to such content [1].

Core Viewpoint - Oil futures experienced a slight decline in the morning Asian session, likely due to a technical correction following a significant increase of 2.6% in WTI and Brent crude oil futures on Monday [1] Group 1 - WTI and Brent crude oil futures settled 2.6% higher on Monday [1] - The decline in oil futures during the Asian session is attributed to a probable technical correction [1]

Core Insights - The crude oil market is currently facing multiple downward pressures, including elevated U.S. inventories, signs of oversupply, steady OPEC+ production, and diplomatic progress between Russia and Ukraine [2] Oil Market Summary - WTI crude oil prices settled up 1.2% at $58.65 per barrel, while Brent crude rose 1% to $63.13 per barrel [2] - Despite the temporary stabilization of Brent and WTI prices, the short- and medium-term outlook for the oil market remains negative [2]

Group 1 - Oil futures are currently stable as the market is focused on the U.S. peace plan for Russia-Ukraine, which could reduce the risk premium supporting oil prices amid oversupply concerns [1] - Peter Cardillo from Spartan Capital notes that crude oil remains trendless as bearish market conditions intensify [2] - The EIA is expected to report a weekly U.S. inventory draw of 1.3 million barrels for crude oil, along with small increases in gasoline and diesel stocks [2]

Group 1 - Oil futures are experiencing a slight increase in early U.S. trading after a previous decline linked to U.S. efforts to facilitate peace talks between Russia and Ukraine [1] - The downturn in U.S. diesel and European gasoil futures is attributed to expectations that the U.S. may eventually lift sanctions on Russia, which has weakened recent support for crude oil prices [1] - Concerns regarding oversupply in the oil market continue to persist, impacting market dynamics [1] Group 2 - As the month concludes, the crude markets are expected to remain pivotal, with diesel leading both upward and downward movements in prices, according to market analysts [2]

Core Viewpoint - Oil futures are experiencing consolidation in the morning Asian session, but there are concerns regarding demand that may impact prices [1] Group 1: Market Performance - Oil futures have shown signs of consolidation during the morning trading session in Asia [1] - The market sentiment is influenced by ongoing concerns about demand, which could weigh on future price movements [1] Group 2: Demand Concerns - There are significant worries about demand that may affect the oil market, indicating potential volatility ahead [1]