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Brent crude futures fell 5% early Thursday, while U.S. crude futures slid over 6%.

European stocks closed lower on the last trading day of March, a month marked by global geopolitical and economic uncertainty after Russia’s invasion of Ukraine.

The Biden administration is considering releasing 1 million barrels of oil per day from the strategic petroleum reserve for about six months, a source told NBC News.

Hong Kong-listed shares of China Evergrande Group’s electric vehicle unit returned to trade on Wednesday.

The yen was in focus for investors, after the Bank of Japan’s offer Monday to buy unlimited amounts of 10-year JGBs at 0.25%

Stocks climbed on Tuesday, with the Dow and S&P 500 posting their fourth straight positive session.

Oil prices declined on Monday as a fresh set of lockdowns in China — the world’s largest oil importer — sparked demand slowdown fears.

Profits at China’s industrial firms rose 5.0% for the January to February period as compared with a year earlier, according to data released Sunday.

Parts of the Treasury yield curve briefly inverted on Monday, raising some recession concerns.

The Iran-backed Houthis claimed they were behind the strike with a military spokesperson adding that they had also used drones to hit the Ras Tanura and Rabigh refineries, according to Reuters.

Singapore on Thursday announced plans to ease Covid restrictions.

Japan’s Nikkei 225 rose 3% on Wednesday, closing at 28,040.16 as shares of SoftBank Group jumped 7.22% while Fast Retailing climbed 5.21%.

The European Union is unlikely to impose an immediate oil embargo on Russia over its unprovoked invasion of Ukraine, according to two CNBC sources with knowledge of the discussions.

Hong Kong-listed shares of Alibaba soared after the firm announced an upsizing of its share repurchase program from $15 billion to $25 billion.

Fed Chair Powell on Monday said “inflation is much too high” and added that rates could increase more than the previously approved 25 basis points if needed.

European stocks closed slightly higher on Monday as the Russia-Ukraine war continued to weigh on global market sentiment.

China’s one-year loan prime rate was kept unchanged at 3.7% on Monday, largely in line with expectations from a Reuters survey.

Hong Kong’s Hang Seng index slipped 0.41% on Friday but still saw its first positive week in five following a big gains on Wednesday and Thursday.

Hong Kong’s Hang Seng index led gains among the region’s major markets, surging 7.04% to close at 21,501.23 and erasing heavy losses from earlier in the week.

The International Energy Agency said 3 million barrels per day of Russian production could be lost beginning next month, squeezing an already tight global oil market.