A Tuesday shaped by oil rather than equities — the US Strategic Petroleum Reserve has fallen below 300 million barrels for the first time since 1983 with the Strait of Hormuz still shut, while in Mumbai seven IPO books take bids at once and more than sixty companies report their first quarter.
On this day
1919President Friedrich Ebert signed the Weimar Constitution into law at Schwarzburg, giving Germany its first genuinely democratic framework. It granted universal suffrage at 20 and lasted fourteen years.Simsalabimbam via Wikimedia Commons · CC BY-SA 3.0
1965A traffic stop in the Watts neighbourhood of Los Angeles escalated into six days of unrest that left 34 people dead and reshaped how American cities talked about policing.Another Believer via Wikimedia Commons · CC BY-SA 4.0
1908IndiaKhudiram Bose was hanged at Muzaffarpur jail for the bombing that had killed two British women instead of its intended target, the magistrate Douglas Kingsford. He was eighteen, and became one of the youngest revolutionaries executed by the Raj.Unknown authorUnknown author via Wikimedia Commons · Public domain
Did you know
The US Strategic Petroleum Reserve isn't kept in tanks. It sits in caverns hollowed out of Gulf Coast salt domes by pumping in fresh water to dissolve the salt — and according to the Department of Energy, the larger caverns are tall enough to hold Chicago's Willis Tower.