CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Stocks up, oil down after Biden Ukraine briefing

By Daniel Tyson

21:59, 15 February 2022

Kyiv, Ukraine, skyline - Photo: Unsplash

The markets had a mixed reaction to US President Joe Biden’s Tuesday afternoon update on the tension between Russia and Ukraine, sending the stock market up, while key commodities remained bogged down.

At 4 p.m. EDT the Dow jumped more than 400 points, closing at 34,988,84 to end a 3-day losing streak, while the Nasdaq popped 2.5% to 14,139,76. The S&P climbed 1.67% to 4,471.07. Meanwhile, on the commodities market West Texas Intermediate slipped more than 3.5% to $91.99 per barrel, while Brent was down to $93.25, a 3.35% drop, falling from a near seven-year high.

During his 10-minute update, the president said the West will “continue diplomatic efforts” to resolve the threat of Russia invading neighbouring Ukraine. Overnight Monday, Russia said it started withdrawing some troops from the Ukrainian border, a statement that received a tepid welcome by the Western governments who demanded more proof that it had.

Nord Stream 2

If Russia does invade Ukraine, Biden said the crucial Nord Stream 2 pipeline running from Russia to Germany “will not happen.”

The pipeline, which runs under the Baltic Sea and comes on shore in Germany was financed mainly by German and other European investors.


37,147.05 Price
+0.200% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00


0.61 Price
+0.470% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168


15,949.90 Price
-0.070% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8

Oil - Crude

75.90 Price
+1.000% 1D Chg, %
Long position overnight fee -0.0211%
Short position overnight fee -0.0008%
Overnight fee time 22:00 (UTC)
Spread 0.030

Biden's update was big on ideas, but small on details, especially on how the US will deal with the impact on energy prices if the invasion takes place.

The president said Americans would be affected by an invasion that would send energy prices higher during the highest inflation in decades.

Biden said his administration will work with Congress and large energy consumers on how to offset higher energy prices but gave no details.

Rate this article

Related reading

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading