Oil prices up more than 5% due to new restrictions 

Chinese state-owned companies suspend Russian oil purchases due to sanctions - Reuters

The EU plans to impose a 19th package of sanctions on Oct. 23 to stop imports of Russian LNG by 2027

Oil soared 5% after new US sanctions. They will affect crude exports from Russia

Meta Platforms, Inc.

International Business Machines Corporation

Reddit, Inc.

Brent crude oil futures soared almost 6% after new US sanctions affected Russia's largest crude producers. Meta laid off about 600 employees from its AI division. IBM posted gains: beating Wall Street forecasts, raising its full-year revenue guidance and reporting a record $9.5 billion in AI orders in its portfolio, while shares plummeted. These and other topics - in the review of key events for the morning of October 23.

Highlights for the morning: new US sanctions, Meta cuts AI staff, IBM grows, Reddit sues

This is the first package of restrictions on Russia passed under the Trump administration, Bloomberg notes

The US imposed sanctions against Russia's largest oil companies. Oil prices rose

Exxon Mobil Corporation

Chevron Corporation

BP p.l.c.

A reduction in the intensity of Russia's conflict against Ukraine could send oil prices down to $50 a barrel, Eric Lee, senior commodities strategist at Citigroup, <a href="https://www.bloomberg.com/news/articles/2025-10-17/oil-risks-drop-to-50-on-russia-ukraine-de-escalation-citi-says">said</a> in an interview with Bloomberg.

Oil may fall to $50 if Russia-Ukraine conflict de-escalates - Citigroup

Oil prices rose from a five-month low after US President Donald Trump said that Indian Prime Minister Narendra Modi promised to stop buying Russian oil, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-10-15/latest-oil-market-news-and-analysis-for-oct-16">writes</a>. This could reduce global supply, the agency explains.

Oil rose after Trump's words on India's plans to stop buying Russian oil

Samsung Electronics Co., Ltd.

Salesforce, Inc.

Samsung shares reached an all-time high amid growing investor optimism about the semiconductor industry. Salesforce quotes rose after the publication of ambitious revenue targets of over $60 billion by 2030 and the announcement of new AI products. On these and other topics - in our review of key events for the morning of October 16.

Main by morning: Samsung breaks record, Trump softens geopolitics

U.S. stock index futures recovered some of their losses after Donald Trump softened his rhetoric on China, writing that relations with Beijing "will be fine." His statements followed an escalation of the trade conflict on Friday, when a threat to impose a new duty of 100% on imports from China triggered the worst sell-off on US exchanges since April and a massive collapse in the cryptocurrency market. On Monday, Asian markets opened trading with a crash, but cryptocurrencies and oil are recovering. What is happening in the markets - in our review of key events by the morning of October 13.

Main points for the morning: collapse in Asia, rebound in the US, oil and cryptocurrencies recovering from the fall

Shell plc

The fall in oil prices is also supported by the strengthening of the dollar

Oil got cheaper after Trump's statement on Israel and Hamas. Will the effect last?

Wall Street has been pricing Exxon Mobil's stock price into a slight decline in July-September earnings from a record third quarter of 2024

Exxon Mobil forecasts $500 mln growth in quarterly refining profits

A slight increase in oil production will strengthen the already existing oversupply in the market, analysts said

Oil rose nearly 2% after an unexpectedly modest OPEC+ decision. What's next?

Tesla, Inc.

Stellantis N.V.

Amazon.com, Inc.

Palantir Technologies Inc.

Constellation Brands, Inc.

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.