President Donald Trump said he would personally intervene to resolve any problems with SpaceX's Starlink service in Ukraine, contradicting reports from Ukrainian officials that speed restrictions remain in place.
Copper is trading in a narrow range between $6.37 support and $6.58 resistance, with technical analysis pointing to a potential downward move if a bearish chart pattern plays out.
London Gas Oil is trading near the key $1,510 resistance level, but technical analysis shows extremely weak trend momentum, signaling a high risk of a false breakout for market participants.
Brent crude oil prices climbed to a new high of $117.10, but key technical indicators suggest the rally is overextended, raising the possibility of a near-term price correction.
Natural gas prices have fallen to a low of $2.633, pushing the commodity into deeply oversold territory and testing a critical support level established in August. Technical indicators show strong bearish momentum, but the extreme conditions raise the possibility of a short-term rebound.
Silver has entered a high-momentum downtrend, trading near $54.07 and testing a crucial support level at $53.08. Technical indicators suggest sellers are in firm control, though deeply oversold conditions could lead to increased volatility.
India's crude oil imports rose to 22.26 million metric tons in September, a 16% monthly increase, as the country's refiners took in more supply from the Middle East while reducing purchases from Russia, according to government data.
Oil prices jumped more than $3 on Friday, with Brent crude settling at its highest level since April, as Houthi attacks in Saudi Arabia and a nearby oil spill heightened fears of supply disruptions in the Middle East.
The Trump administration is deploying a series of expensive and politically complex measures to combat high diesel prices ahead of midterm elections, yet the efforts have so far failed to curb rising costs.
