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• Oil Notches Out a Gain
  Oil prices advanced on Tuesday after U.S. authorities announced plans to start refilling its Strategic...
  Oil prices advanced on Tuesday after U.S. authorities announced plans to start refilling its Strategic Petroleum Reserve after tapping into it earlier this year.
  
  West Texas Intermediate the U.S. benchmark, climbed 1.3% to $76.19 a barrel. Brent crude the international standard gained 1% to $80.64 a barrel.
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• Activist investor group sets sights on Big Oil players
  Activist investor group Follow This and six institutional...
  Activist investor group Follow This and six institutional investors overseeing $1.3 trillion in assets have co-filed resolutions with BP, Chevron, ExxonMobil and Shell urging them to take a stronger stance on climate issues. The entities want the oil majors to bring their 2030 emissions reduction targets into alignment with the UN's climate targets, with a focus on Scope 3 emissions.
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• Energy Sector Commentary for Tuesday Morning
  The energy sector is off to a higher start, supported by strength in the...

  The energy sector is off to a higher start, supported by strength in the crude complex. The major market indexes are positive, as investors continue to digest new global economic data as we approach the end of the year.

  
  

  WTI and Brent crude oil are trading higher this morning on a softer dollar and as the U.S. plans to restock petroleum reserves. Oil futures gained after the U.S. announced plans to buy up to 3 million barrels of oil for the Strategic Petroleum Reserves after this year’s record release. 180 million barrels of oil were released from the SPR in an attempt to lower the price of fuel for the American public. Additionally, the Bank of Japan decided to review its yield curve control policy and widen the trading band for the 10-year government bond yield which sent the Yen climbing against the dollar. However, rising COVID-19 cases in China limited gains as investors fear the top oil importer may reimpose restrictions that can dent their plans for growth.

  
  

  Natural gas futures dropped amid forecasts for much warmer weather for the last few days of December and into the new year.

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• ☕️What Else is Brewing Tuesday Morning
  Avatar: The Way of Water had a weaker-than-expected opening weekend, sending Disney stock falling...
  Avatar: The Way of Water had a weaker-than-expected opening weekend, sending Disney stock falling to its lowest level since March 2020.
  
  Binance has agreed to acquire bankrupt crypto lender Voyager Digital’s assets for $1.02 billion, even as questions about the exchange’s own finances remain.
  
  Harvey Weinstein was convicted of three of the charges against him, including rape, in a California sexual assault trial. The ex-movie mogul was previously found guilty of similar crimes in New York.
  
  Amber Heard will pay ex-husband Johnny Depp $1 million to settle the defamation case in which they accused each other of domestic violence.
  
  
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• Title 42 remains safe for now
  SCOTUS keeps Trump-era immigration policy in place, for now. The Supreme Court temporarily...
  SCOTUS keeps Trump-era immigration policy in place, for now. The Supreme Court temporarily extended the use of Title 42 to turn away asylum-seekers at the southern border on public health grounds, which was due to expire tomorrow. Chief Justice John Roberts put a brief hold on the expiration ordered by a lower court after Republican-led states appealed to keep the rule in place. The impending end of the pandemic-era policy, which President Biden had pledged to repeal, has border cities like El Paso on edge.
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