Oracle Corp. shares rose sharply after reporting fourth-quarter results that exceeded analyst expectations, while Dow Jones futures declined as uncertainty loomed over an upcoming U.S. strategic oil reserve release. Energy markets reacted erratically, with crude prices swinging amid speculation on supply adjustments.
- Oracle (ORCL) reported EPS of $1.13, beating estimates by $0.05
- Revenue rose to $13.8 billion, up 8% YoY
- Dow Jones futures declined 180 points on market caution
- Crude oil (CL=F) traded between $78.40 and $80.10 amid reserve release speculation
- VIX climbed to 17.4, indicating elevated market volatility
- Up to 30 million barrels of oil may be released from U.S. strategic reserves
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