Markets & News
Oil, natural gas, gold and other major commodities through fundamentals, inventories, positioning, curves and geopolitics.
The newest EIA release shows U.S. distillate exports at 1.379 million bpd and inventories at 104.286 million barrels, weakening the idea that exports are still falling sharply even as Hormuz risk remains high.
Brent finished Oct. 23 at $116.72 and WTI at $103.27. Saudi authorities still report no major Shaybah output loss, keeping the story centered on disruption risk rather than confirmed missing supply.
Data-center power demand is adding to copper consumption just as mine development remains slow. Recycling helps, but the near-term refined balance keeps copper a watch rather than an automatic long.
A reported 300,000-barrel Russian diesel cargo is tiny beside U.S. demand. Here is what matters for prices, sanctions and the next shipments.
Treasury’s Oct. 21 action adds Iran-linked people and shipping entities to the SDN list, authorizes limited wind-down and cargo-offloading activity, and updates a Russia license tied to a potential Lukoil International sale.
The 10-year Treasury yield fell to 4.96% Thursday and rebounded to 5.00% Friday. The two-day move shows safe-haven demand colliding with oil and inflation risk.