Natural gas futures are trading in a tight range around $2.878, caught between key short-term resistance and long-term support levels. Technical analysis suggests a significant price move may be imminent as indicators point to rising market indecision.
Silver is trading in a tight range between key support at $64.70 and resistance at $67.80, with technical indicators showing market indecision ahead of a potential high-volatility move.
Yemen's Houthi rebels have claimed responsibility for a missile and drone attack on "sensitive" sites in Riyadh, following reports of fire and smoke near the city's main airport. Saudi authorities confirmed they intercepted a missile aimed at the capital.
Brazil's state-controlled oil company will join a new government program offering a 1.00 real per liter subsidy on diesel, a move aimed at controlling fuel prices ahead of the October presidential election.
Canada's international trade minister expressed strong optimism about finalizing a comprehensive economic partnership agreement with India by the end of the year, with key talks centered on energy, nuclear cooperation, and critical minerals.
Gold prices held flat in Asian trading as the market weighed the impact of upcoming high-level U.S.-China talks against persistent geopolitical risks in the Middle East.
Europe is projected to face a significant jet fuel shortage in the fourth quarter, with analysts forecasting a deficit of 510,000 barrels per day even as imports from distant suppliers like South Korea reach multi-year highs.
Crude oil benchmarks declined as traders weighed the possibility of diplomatic progress between the United States and Iran against the backdrop of continued regional conflict and supply risks.
Oil benchmarks climbed in early trading after an attack on Saudi Arabia's capital by Yemen's Houthi group stoked fears of potential supply disruptions in the key oil-producing region.
