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Wall Street is keeping close tabs on the UAW strike against Ford, GM and Stellantis as it drags into its third week, as well as three key reports on the job market.
The price of oil is nearing $94 per barrel after the Energy Information Administration reported a larger-than-expected draw on inventories of over 2.1 million, jolting the crude market.
Chevron CEO Mike Wirth says that the price of crude oil will likely exceed $100 a barrel in the near future on supply cuts from Russia and Saudi Arabia.