Gold slips but heads for best weekly gain since early September
Spot gold fell 0.4% but was up about 5% on the week. Oil swings and the upcoming US jobs report are shaping sentiment across precious metals.
2 sources · Reuters
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Oil heads for steep weekly drop as traders weigh Washington's Iran moves
Market Talk reports Brent and WTI slipping below $100 a barrel, with a weekly decline above 13% as U.S.-Iran peace prospects stay uncertain.
1 source · Market Talk
Oil heads for sharp weekly fall, but Middle East supply risks hold prices up
Brent and WTI are set for a steep weekly drop on de-escalation hopes, yet tanker attacks in the Strait of Hormuz keep a floor under the market, Reuters reports.
1 source · Reuters
Soybeans and corn gain with oil, yet head for weekly declines
Soy, corn and wheat edged up as crude rallied, but ample global supply keeps both grain markets on track for weekly losses, Reuters reports.
2 sources · Reuters
Middle East crude premiums fall back to pre-war levels on oversupply
Spot premiums for Middle Eastern crude have sunk back to pre-war levels, Reuters reports, as heavy supply and weaker Asian refining margins weigh.
1 source · Reuters
Asian fuel oil benchmarks slump as Iran war de-escalation hopes grow
Asian fuel oil benchmarks fell sharply as traders priced in possible peace talks in the Middle East and higher regional supply.
1 source · Reuters
Gulf Oil Supply Outpaces Demand for First Time Since July
Middle East crude supply exceeds demand for the first time since July as Gulf exports rise and US-Iran talks revive hopes, pushing Brent and WTI lower.
1 source · Seeking Alpha
Global stocks wobble as traders await US midterm vote; oil slips
Global equities wobbled on Tuesday as investors awaited US midterm election results, while Brent fell amid Middle East talks, per Reuters.
2 sources · Reuters
Jeff Currie Urges Investors to Take Oil Profits as Crude Prices Slide
Oil bull Jeff Currie advises selling near-term contracts as spot Brent has fallen from $145 to $110 a barrel, per Barron's.
1 source · Barrons.com
European gasoline refining margins drop to $9.84 a barrel
Reuters reports Northwest European gasoline refining margins fell about $1.70 to $9.84 a barrel as crude fell to a three-week low on Tuesday.
2 sources · Reuters
Tech Stocks Lead Wall Street Rebound as Oil Slips Further
The Nasdaq gained 1.1% and chipmakers jumped 3.9% while Apple weighed on the Dow, and US crude extended its losses on hopes for an Iran diplomacy deal.
1 source · TradingView
Germany lags EU neighbours in gas storage refill as winter begins
German gas stocks entered winter at the lowest level on record, far below the EU average, Reuters reports citing Gas Infrastructure Europe data.
1 source · Reuters
Gold slides as costlier oil revives inflation worries before US midterms
Gold fell as pricier oil revived inflation fears ahead of US midterms. Spot gold dropped 1.1% to $3,903.48 and markets eye a possible Fed hike in December.
2 sources · Reuters
Rupee edges higher as traders weigh US midterms and oil rebound
The rupee gained modestly against the dollar and forward premiums eased as investors await US midterm results and track oil prices amid the Iran war.
1 source · Reuters
European power forwards climb as gas rebounds on Iran strikes
European power forwards rose on Tuesday along with gas, as new US strikes on Iran kept supply fears alive. German year-ahead baseload gained 3.7%, per LSEG.
1 source · Reuters
Copper hits seven-week low ahead of US midterm elections
LME copper fell to its lowest since September 15 as investors weighed US midterms, Iran tensions and a weaker yuan.
1 source · Reuters
Bitcoin Falls as US Strikes on Iran and Crypto Hacks Hit Sentiment
Bitcoin dropped sharply as fears of renewed Iran conflict collided with a wave of crypto security breaches, Cryptonews.com reports.
1 source · cryptonews.com
Asian stocks slide ahead of US midterms as oil steadies
The MSCI Asia Pacific ex-Japan index hit its lowest since October 23 while Taiwan's market nears a correction. Reuters reports the moves before the US midterm vote.
2 sources · Reuters
IndiGo shares rise 3.5% as crude slump of over 7% lifts airline stocks
IndiGo's parent shares jumped 3.5% to top the Nifty 50 after Brent fell more than 7%, according to TradingView.
1 source · TradingView
Analyst sees Brent staying in $95–115 range unless Iran progress accelerates
Analyst Geoffrey Dennis, per TradingView, says Brent may stay at $95–115 without more progress toward peace, and also weighs in on AI stocks and US midterms.
1 source · TradingView