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Donald Trump administration plans $5 billion Middle East reconstruction fund for Iran war
US President Donald Trump administration ‌has proposed investing $5 billion in a new fund to help rebuild critical infrastructure across the Middle East damaged in the war with Iran and reduce their reliance on the Strait of Hormuz to ‌transport oil and gas, the Wall Street Journal reported on Monda
Iranian President will head to New York for UN meeting
President Masoud Pezeshkian will lead an Iranian delegation at the United Nations General Assembly in New York on Tuesday, amid renewed hopes for a diplomatic solution to the Middle East conflict, CNBC reported on Monday.Â
Brent: Supply risks contrast softer prices – ING
ING strategists Ewa Manthey and Warren Patterson note ICE Brent and WTI started the week lower despite persistent supply risks and elevated speculative length. They highlight Saudi Aramco’s curtailed allocations after pipeline damage, tighter European crude markets, and strong bullish positioning.
WTI Oil extends losing streak as resilient Saudi exports outweigh Middle East risk premium
West Texas Intermediate (WTI) US Oil extends its decline for the fourth consecutive day on Monday, trading around $91.90 per barrel at the time of writing, down 3.54% on the day.
Oil: Tightness turning critical – Societe Generale
Societe Generale strategists Michael Haigh and Jeremy Sellem argue that global Oil product markets have shifted from tight to critical. They link East-West pipeline disruptions, Russian outages, elevated freight and low inventories to structurally constrained supply.
Canadian Dollar remains under pressure as hawkish Fed contrasts with steady BoC
USD/CAD holds firm near the 1.4000 psychological mark on Monday as the Federal Reserve’s (Fed) hawkish outlook and widening US-Canada interest-rate differentials keep the Canadian Dollar (CAD) on the back foot.
US Dollar: Oil-driven support as Fed seen hiking – ING
ING strategist Francesco Pesole notes the Dollar remains supported as ING now expects the Fed to deliver one final rate hike in December. Despite near-term upside risks for the Dollar, ING keeps a gradually negative longer-term view and anticipates lower energy prices in Q4.
Brent: Diesel signals higher prices – Societe Generale
Societe Generale analysts Michael Haigh and Jeremy Sellem highlight a sharp divergence between physical Brent and futures, with Dated Brent trading at a substantial premium. They note that Diesel strength implies Brent should be above $150/bbl to restore historical refining economics.
New Zealand Dollar wavers near two-month lows despite a brighter market mood
The New Zealand Dollar (NZD) languishes just above two-and-a-half-month lows against the US Dollar (USD), despite a somewhat brighter market mood, as a sustained reversal in Oil prices has eased risk aversion on Monday.
WTI Oil dips below $94.00 amid reports of higher Saudi crude suppliesÂ
Crude prices extend their decline for the fourth consecutive day on Monday, pushing the US benchmark West Texas Intermediate (WTI) Oil to levels just below $94.00 during the European session.
Dow Jones futures rise as lower crude oil prices improve market sentiment
Dow Jones futures gain by 0.60% to trade near 52,390 during European hours on Monday. Meanwhile, S&P 500 futures advance by 0.57% to trade around 7,760, while Nasdaq 100 futures rise by 0.86% to trade near 30,170.
Oil: Supply risks linger despite recovering Saudi flows - OCBC
OCBC’s Christopher Wong observes that weekend attacks targeting Saudi Arabia have revived supply and geopolitical concerns in Oil markets.
Euro remains capped below 1.1500 amid growing political uncertainty in Germany
The Euro (EUR) consolidates losses against the US Dollar (USD) on Monday, as market concerns about the sharp defeat of German Chancellor Friedrich Merz’s ruling party in state elections in northeastern Germany have offset the positive impact of lower Oil prices.