Exxon Mobil Corp. (NYSE: XOM) shares are trading lower this morning amid a drop in oil prices. Oil has pulled back following a recent rise in US gasoline inventories.
Member states of the European Union (EU) have reportedly been told to reduce their gas usage until next year as an emergency step, following threats of a supply cut from Russian President Vladimir Putin.
As Three Arrows Capital (3AC) goes through the liquidation process mandated by the Order of the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands, the full depth of the company's implosion and its effect on the crypto industry is starting to become clear.