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Brent slides from $126 a barrel in May to just above $70 as markets await OPEC+ meeting

The article says Brent crude futures have retreated from a May peak of $126 a barrel to just above $70, close to pre-war levels. It adds that global inventories still need replenishing, some war-damaged production remains short of full capacity, and risks are building. OPEC+ is scheduled to meet on Sunday, which could offer fresh clues on supply policy, but the outcome has not yet been announced.

Robinhood Markets Advances 3.76% to $26.46 Backed by Accelerating Retail Volume Metrics

Robinhood (HOOD) gains 3.76% to close at $26.46 on July 2, 2026, as multi-asset retail brokerage activity and expanding clearing services boost quarterly growth expectations.

Apple Jumps 4.84% to $308.63 as Ecosystem Revisions Trigger High-Volume Breakout

Apple (AAPL) surges 4.84% to close at $308.63 on July 2, 2026, unlocking powerful technical breakout velocity as third-quarter institutional buying intensifies.

Eli Lilly Rallies 1.86% to $1,213.91 on Strong Global Metabolic Treatment Guidance

Eli Lilly (LLYON) ticks up 1.86% to finish at $1,213.91 on July 2, 2026, finding strong defensive support as institutional accounts favor high-margin healthcare infrastructure.

SpaceX Advances 2.83% to $162 as Post-IPO Volatility Steady Above Listing Baseline

SpaceX (SPCX) climbed 2.83% to close at $162.00 on July 2, 2026, stabilizing within its newly formed public trading bracket following its historic June debut.

Dollar Heads for Biggest Weekly Drop in 12 Weeks After Soft U.S. Jobs Data; Yen and Euro Gain

A softer U.S. nonfarm jobs report cooled market expectations for a Federal Reserve rate increase in September, with the implied probability falling from 55% to 35%. The dollar index is set for its steepest weekly decline in 12 weeks. The yen rebounded sharply and the euro rose to a near two-week high, while sterling also strengthened. Japan’s finance ministry warned it could intervene in currency markets, keeping traders focused on exchange-rate volatility risks.

Strategy Surges 7.90% to $100.77 Driven by Renewed Institutional Bitcoin Accumulation

Strategy (MSTR) surges 7.90% to close at $100.77 on July 2, 2026, outperforming traditional software benchmarks as corporate Bitcoin treasury demand re-accelerates.

India could cut petrol and diesel prices if Brent stays near $70.37 a barrel for 2–3 months, minister says

India’s Petroleum and Natural Gas Minister Hardeep Singh Puri said petrol and diesel prices could be reduced if Brent crude stays at current low levels for the next two to three months. Brent has fallen to around $70.37 a barrel, a four-year low, amid easing geopolitical tensions and the resumption of key shipping flows. Puri said state-run oil marketing companies are still working through higher-cost crude inventories bought earlier, delaying any retail price cuts.

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