U.S. crude oil stockpiles fell unexpectedly last week, driven by a surge in exports, while gasoline inventories saw a significant build amid weakening demand, according to the latest EIA data.
UBS has increased its year-end forecast for Brent crude to $110 per barrel, citing escalating supply risks in the Middle East, declining global inventories, and record-high freight costs.
A senior Iranian official has rejected the latest Qatari-mediated draft deal to end the eight-month war, calling the ideas 'unacceptable' and signaling a continued diplomatic impasse. The news comes amid rising oil prices following attacks on Saudi energy infrastructure.
Argentina's soybean industry is preparing to capture a larger share of the European Union's soymeal market as new EU anti-deforestation rules are expected to disrupt exports from rival Brazil.
A U.S. federal agency has proposed new safety regulations to streamline the approval process for liquefied natural gas projects, a move aimed at expanding export capacity and reducing costs for operators.
Investors are navigating a dense calendar of market-moving events, including a pivotal Federal Reserve policy decision, a potential rate hike from the Bank of Canada, and quarterly results from tech giants Microsoft and Alphabet.
European natural gas benchmarks surged to their highest levels in roughly four years after Yemen's Houthi movement targeted key Saudi Arabian energy facilities. The attacks amplify global supply fears as Europe faces historically low inventories ahead of winter.
Following a historic election that ousted former President Aleksandar Vucic, a new slate of potential Serbian leaders has emerged, indicating possible changes to the country's monetary, foreign, and economic policies.
Gold prices remained stable above the key $4,000 per ounce level, supported by dip-buying, as traders look ahead to the Federal Reserve's upcoming interest rate decision and a crucial inflation report.
