Oil Holds Sharp Drop After US Stockpiles Expand to 10-Month High

-- Oil held the largest decline in three months after US nationwide crude stockpiles hit the highest level since June. West Texas Intermediate traded below $83 a barrel after declining by more than 3% on Wednesday, while global benchmark Brent was above $87. US crude inventories rose by 2.7 million barrels last week, while gauges of fuel demand declined. The weak US data overshadowed the impact of geopolitical tensions in the Middle East as traders await Israel’s response to Iran’s recent attack.

Tech stocks were moving slightly higher early Wednesday as the sector attempted to turn around a bad week. The technology-heavy is rising 0.2% early Wednesday as the index looked set to snap a three-day losing streak. Palantir Technologies is also hoping to snap a three-day losing run of its own.WINNIPEG — Manitoba's Opposition Progressive Conservatives say the NDP government's promise to crack down on rising grocery prices has proven to be an empty threat.

AFP via Getty Images A Delaware judge nullified Elon Musk’s whopping $56 billion pay package at Tesla in January, writing that the board had improperly granted him an “unfathomable sum” of money. But Musk still wants that cash. Now he is hoping Tesla shareholders will sign off on the payday, even as the company suffers from a sagging stock price.The pay package, enacted in 2018, granted Musk 12 percent of the company’s stock over 12 separate vesting tranches.

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