Good evening and welcome to Markets Desk.
Crude markets remain caught between policy and reality as OPEC+ agreed Sunday to another modest production increase, but the move carries little weight until the Strait of Hormuz is fully operational. Six tankers were observed navigating the Oman-side corridor Sunday, a tentative sign of recovery after a batch of vessels made unexplained U-turns the day prior. The artery remains fragile.
Speaking of fragility, Nvidia closed June down nearly thirteen percent, its worst monthly stretch in recent memory. But context matters here. The pullback follows an extraordinary run, and some analysts read the consolidation as a healthier entry point ahead of what remains a structurally dominant position in AI chip demand. Patience is doing a lot of work in that trade right now.
And in a different kind of market entirely, Meta and Tesla finished Thursday's session at virtually identical valuations, each worth roughly one point four eight trillion dollars. That convergence is striking given how differently those businesses are built. Meta prints cash through advertising at scale, while Tesla carries far heavier capital and execution risk. Same price tag, very different stories underneath.
That's the tape. Markets Desk, signing off the floor.
