Oil Jumps on Russia Sanctions, Tesla Profits Fall & Musk’s $1T Pay Plan | The Opening Trade 10/23
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Crude oil jumped to a two-week high after President Donald Trump imposed sanctions on Russia’s biggest producers in Rosneft and Lukoil, citing Moscow’s lack of commitment to peace in Ukraine. Refinery executives in India — a key buyer of Russian crude — said the restrictions would make it impossible for flows to continue. Tesla’s profit plunged as rising costs undercut a record quarter of vehicle sales. Elon Musk spent the end of Tesla's earnings call pleading to ratify his upcoming $1 trillion
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