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Recently, the international energy market has experienced noticeable fluctuations. Changes in supply and demand, policy adjustments by major oil-producing countries, and other factors may all affect oil price trends. Significant oil price volatility can have varying impacts on the operating costs of multiple global industries, as well as on the daily living costs of the public.

The Dow Jones Industrial Average closed up 72.15 points, an increase of 0.14%, at 51,564.70 points. The Nasdaq Composite Index closed up 496.26 points, rising 1.91%, to 27,517.931 points. The Nasdaq 100 Index closed up 735.246 points, gaining 2.48%, at 30,406.194 points. Expand

As a measure of the US dollar’s exchange rate against six major mainstream currencies, the US Dollar Index rose by 0.75% on the day, closing at 100.846 on the New York foreign exchange market. By the end of trading on the New York forex market, the euro-to-dollar exchange rate stood at 1 euro to 1.1459 US dollars, down from the previous trading day’s 1.1539 US dollars; the pound-to-dollar rate was 1 pound to 1.3203 US dollars, lower than the previous day’s 1.3338 US dollars.On the other hand, the dollar-to-yen exchange rate was 1 US dollar to 161.68 Japanese yen, up from the previous day’s 160.50 yen; the dollar-to-Swiss franc rate was 1 US dollar to 0.8051 Swiss francs, higher than the previous day’s 0.7971 Swiss francs; the dollar-to-Canadian dollar rate was 1 US dollar to 1.4140 Canadian dollars, up from the previous day’s 1.4071 Canadian dollars; and the dollar-to-Swedish krona rate was 1 US dollar to 9.5874 Swedish krona, a clear increase from the previous day’s 9.4610 Swedish krona.This sharp rise in the US Dollar Index mainly reflects a short-term increase in market demand for US dollar assets. Non-US currencies are generally facing temporary depreciation pressure, which is also related to changes in expectations around major economies’ monetary policies in the current global foreign exchange market.