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Market news: ExxonMobil will supply liquefied natural gas to South Africa to help it reduce its dependence on coal.

Amazon (AMZN.O) may be sued by the U.S. Federal Trade Commission for misleading advertisers and may face billions of dollars in civil penalties, according to people familiar with the matter.

API crude oil production in the United States in the week to June 12 was -17,000 barrels per day, compared with the previous value of 262,000 barrels per day.

U.S. API refined oil imports in the week to June 12 were -121,000 barrels per day, compared with the previous value of -51,000 barrels per day.

U.S. API crude oil imports in the week to June 12 were -276,000 barrels, compared with the previous value of -358,000 barrels.

U.S. API heating oil inventories for the week to June 12 were -125,000 barrels, compared with the previous value of -407,000 barrels.

U.S. API Cushing crude oil inventories for the week to June 12 were -1.523 million barrels, compared with the previous value of -1.125 million barrels.

U.S. API refined oil inventories for the week to June 12 were -461,000 barrels, expected -198,000 barrels, and the previous value was 1.316 million barrels.

U.S. API gasoline inventories for the week to June 12 were 2.479 million barrels, expected to be -1.401 million barrels, and the previous value was -1.191 million barrels.

API crude oil inventories in the United States for the week to June 12 were -8.33 million barrels, expected to be -4.515 million barrels, and the previous value was -9.119 million barrels.

U.S. API crude oil inventories for the week to June 12 will be released in ten minutes.

The Dow Jones Index closed up 331.17 points, or 0.64%, at 52,002.20 points on June 16 (Tuesday);The S&P 500 Index closed down 42.8 points on June 16 (Tuesday) 6 points, a decrease of 0.57%, to 7511.43 points;The Nasdaq Composite Index closed down 307.60 points, or 1.15%, to 26376.34 points on June 16 (Tuesday).

According to Business Insider: Microsoft (MSFT.O) abandoned a $3 billion cloud computing capacity leasing deal with Oracle (ORCL.N) due to security concerns.

The Nasdaq's decline widened to 1%, while SpaceX's (SPCX.O) gains narrowed to 5%.

U.S. Defense Secretary Hegseth will travel to Belgium tomorrow to attend a NATO ministers meeting.

According to Serbian state television: Serbia’s Russian-owned NIS oil company, which is sanctioned by the United States, has received a grace period from sanctions extended to July 1.

Cheniere Energy CFO: Most developing countries will not entrust their energy security to the United States. It is hoped that Qatar Energy will return to the market as soon as possible, because this can create a global diversified supply pattern.

According to Venezuelan state television: Venezuela’s state oil company and Spain’s Repsol signed a memorandum of understanding on crude oil and natural gas.

American Citadel Securities: Loose financial conditions, ongoing supply chain disruptions, an accelerating labor market recovery and a surge in artificial intelligence investment are adding to each other to maintain inflationary pressures.

American Castle Securities: With inflation persistent and widespread, the Federal Reserve could begin a series of interest rate hikes as early as September.