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26Feb2021 Market Close: Small Caps Remain In The Green While The DOW Sunk To Session Lows Closing Down 470 Points, Nasdaq Closed At +0.6%, Bitcoin Plunges To 46500 As Real Yields Surge


Oil rig count inches higher as prices drop, WTI crude settles down at 61.65. DOW closes down about 1.5% to wrap up turbulent week and month amid rising yields.
The Market in Perspective
Here are the headlines moving the markets.
India s Largest Refiner To Invest $4.5 Billion To Boost Capacity
Indian Oil Corporation (IOC), the countrys biggest refiner and fuel retailer, plans to invest US$4.46 billion (329.46 billion Indian rupees) to expand the processing capacity of its Panipat refinery by two-thirds to 500,000 bpd within three years. The refinery expansion project is set to boost petrochemicals production at the site, as well as specialty products that would contribute to de-risking the conventional fuel business of the company, Reuters quoted IOC as saying in a statement on Friday. Petrochemicals are expected ....

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US report on Jamal Khashoggi murder: UAE stands by Saudi Arabia


Abu Dhabi: The UAE has upheld the statement issued by the Saudi Ministry of Foreign Affairs regarding the assassination of Saudi journalist Jamal Khashoggi.
The Ministry of Foreign Affairs and International Cooperation expressed its confidence in the Saudi judiciary rulings, which affirm the Kingdom s commitment to implementing the law in a transparent and impartial manner, and holding all those involved in the case accountable.
Saudi Arabia slams report
“The UAE fully supports Saudi Arabia’s ongoing efforts to establish stability and security in the region,” the ministry said in a statement issued on Saturday, stressing the country’s rejection of any attempts to exploit Khashoggi’s issue or interfere in the Kingdom s internal affairs. ....

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