Oil Prices Surge Dramatically, US Stocks Close Flat, as Fed Nominee Pledges Independence

1. Crude oil prices surged, with Brent closing up 5.64% and WTI up 6.87%, signaling strong inflationary pressures.
2. US stock markets closed slightly lower, with the S&P 500 down 0.24% and the Dow Jones down 0.02%, indicating cautious market sentiment.
3. Fed Chair nominee Warsh affirmed his commitment to maintaining the independence of monetary policy, a crucial signal for financial market stability.