Oil Falls Below $100
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Why did oil prices drop below $100 and what does it mean for the market?
The questions that matter most are about what happens next. Will the Fed cut rates or how far does Bitcoin run? Polymarket is the world's largest prediction market where you can trade on elections, the economy, finance, crypto, sports, tech, culture, and more. Each market asks a simple question. Will this outcome happen or not? As sentiment shifts, markets move, giving you real-time information on where the market believes things are heading. Download Polymarket and use code W20 for a $20 bonus on your first trade. That's code W20.
How are lower oil prices and Japan’s rate hike influencing bond yields?
18 plus trading involves risk of loss. Terms apply. Not available in all jurisdictions.
Here is your morning brief for Friday, September 18th. I'm Luke Vargas for The Wall Street Journal. Oil prices are falling for a third day, with WTI crude slipping below $100 a barrel as expectations of restored Saudi pipeline flows eased immediate supply concerns. That's dragging on energy stocks in Europe this morning, despite a positive trading day in Asia earlier. Investors are piling back into tech stocks following a sell-off in recent weeks amid AI safety concerns.
What happened in the OpenAI hack using Anthropic’s Claude tool?
The lower oil prices, along with a rate hike in Japan, are also helping assuage bond investors that inflation could come under control. As a result, Treasury yields are continuing to track lower this morning. We are exclusively reporting that hackers used Anthropix AI tool Claude to gain access to an OpenAI employee's chat GPT account and change the company's core algorithmic code. The researchers reported the flaw through OpenAI's bug bounty program, earning a $6,500 payout. OpenAI says that the issue has been resolved and that it temporarily reassigned a quarter of its production engineers to audit and bolster its internal cyber defenses. And shares of Nestle are falling this morning after the Kremlin seized the food giant's Russian assets and placed them under temporary external administration.
French retailers Auchan and Leroy Merlin were hit by similar moves. Russia in 2023 unveiled rules allowing it to temporarily take control of the assets of companies from countries that Russia deems unfriendly.
Why are Nestlé’s shares falling after the Kremlin seized its Russian assets?
As of last year, Nestle had six factories in Russia. The company today said it's committed to protecting its rights and ensuring the continuity of its business operations. Auchan and the owner of Leroy Merlin didn't respond to requests for comment. And we have got a lot more coverage of the day's news on the WSJ's What's News podcast. Listen and subscribe wherever you get your podcasts.
The questions that matter most are about what happens next. Will the Fed cut rates or how far does Bitcoin run? Polymarket is the world's largest prediction market where you can trade on elections, the economy, finance, crypto, sports, tech, culture, and more.
What are the broader implications of Russia’s asset‑seizure rules for multinational companies?
Each market asks a simple question. Will this outcome happen or not? As sentiment shifts, markets move, giving you real-time information on where the market believes things are heading. Download Polymarket and use code W20 for a $20 bonus on your first trade. That's code W20. 18 plus trading involves risk of loss. Terms apply. Not available in all jurisdictions.
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Chapters
5 chapters
1
Why did oil prices drop below $100 and what does it mean for the market?
0:00–0:26
2
How are lower oil prices and Japan’s rate hike influencing bond yields?
0:26–1:03
3
What happened in the OpenAI hack using Anthropic’s Claude tool?
1:03–2:09
4
Why are Nestlé’s shares falling after the Kremlin seized its Russian assets?
2:09–2:45
5
What are the broader implications of Russia’s asset‑seizure rules for multinational companies?
2:45–3:02