NYMEX light sweet crude futures for September delivery rose $2.49 to settle at $86.83/bbl at the close, up 2.95% on the day. ICE Brent futures for September delivery rose $3.06 to settle at $94.07/bbl at the close, up 3.36%.

Canaccord Genuity cut its price target on Tesla (TSLA.O) to $410 from $450.

Spokesperson Lin Jian said at a July 22 briefing that China this week submitted to the UN Global Cybersecurity Standing Mechanism a position paper on global cyber governance in the digital‑intelligence era. The paper calls for respect for national digital sovereignty, affirms countries’ right to choose their own development paths for digital‑intelligence technologies including AI and to select AI technologies, products and services without being coerced to take sides. China said this principle follows its cyber‑sovereignty stance and expressed willingness to cooperate with other parties to steer international cyberspace governance toward a more just, reasonable and effective order and to build a shared‑future community in cyberspace.