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Oil prices fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand.

Around $369 billion of federal funds will flow into climate change and energy security, boosting domestic capacity to produce wind turbines, solar panels and electric vehicles.

Oil prices gained about 3% as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.

Elon Musk is seeking documents from advertising technology firms as part of his quest to gain more information on bot and spam accounts on Twitter.

U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday.

Semiconductor stocks fell globally as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a fresh escalation in tensions between Washington and Beijing.

India opened its first factory to produce ethanol from rice straw or stubble on Wednesday as part of measures to reduce its reliance on oil imports and meet its net zero carbon goal.

"I have too much work on my plate that is for sure," Musk said by videolink to a business conference on the sidelines of the G20 summit in Bali.