U.S. EIA heating oil inventories for the week ending December 19 decreased by 399,000 barrels, compared to 267,000 barrels in the previous week.

Brent crude oil rose 2% on the day, currently trading at $62.11 per barrel.

1. Trump Says Russia and Ukraine Intend to End Conflict, Peace Agreement Imminent —Trump: Both Russia and Ukraine intend to end the conflict, and the US and Ukraine are reaching a security agreement. A peace agreement is getting closer. Territorial issues remain unresolved, and a trilateral meeting is not ruled out. The outcome of the Russia-Ukraine negotiations will be known within weeks. It was also reported that Trump spoke with Putin before meeting Zelensky. 2. Trump Claims Secret Strike on Venezuelan Factory—US President Trump recently stated that the US military conducted a secret strike on a Venezuelan factory on the evening of the 24th, claiming that this action reduced drug trafficking by 97%. 3. Launches Investigation into Corporate Diversity Hiring Practices—According to the Wall Street Journal, the Trump administration has launched an investigation into the diversity practices adopted by large US corporations in hiring and promotion. 4. Announces Ceasefire in Thailand and Cambodia, Says the US May Be the “True United Nations” —Trump stated on social media: "I am pleased to announce that the sudden conflict between Thailand and Cambodia will immediately cease, and both sides will return to peaceful coexistence in accordance with the recently reached original treaty." In the past eleven months, I have defused and ended eight wars and conflicts; perhaps the United States has already become a "true United Nations." 5. US Housing Secretary: Will discuss housing market issues with Trump – The US Housing Secretary will meet with Trump in Florida to discuss several ideas regarding the housing market. More research is needed on ideas related to 50-year mortgages. 6. Upcoming meeting with Netanyahu – The White House: Trump will meet with Israeli Prime Minister Netanyahu at Mar-a-Lago at 1 p.m. ET on Monday (2 a.m. Tuesday Beijing time).