US pressures Europe to tap diesel reserves as tightness worsens
The US is pressuring Germany and France to release 120 million barrels of diesel from strategic reserves as global supply tightens, sparking a political…
02/10/2026 05:4111 min read
Oil
Asian markets wait on US jobs data as dollar holds firm
Asian trading was subdued as investors awaited US payrolls, the dollar stayed firm, and Tokyo's core CPI hit a 10-month high.
02/10/2026 03:5212 min read
US dollar touches May 2025 high before payrolls; Asian FX slides on yield pressure
Dollar index touched May 2025 high ahead of US payrolls; Asian currencies weakened despite robust regional data.
02/10/2026 03:2313 min read
UBS: Fed hike bets overdone, three forces may calm Treasury market
UBS says markets have overpriced Fed hikes and outlines three catalysts—disinflation, energy flows, and policy—that could steady Treasuries.
02/10/2026 02:3115 min read
India, China markets closed Friday; Hong Kong reopens without Stock Connect
India and mainland China markets are closed Friday. Hong Kong reopens without Stock Connect as the US jobs report looms.
02/10/2026 02:019 min read
USD/JPY slides 50 pips then rebounds; crude climbs on geopolitical reports
US dollar broadly firmer; USD/JPY dropped 50 pips then rallied to finish higher; crude oil rose on geopolitical headlines.
02/10/2026 01:117 min read
US warns Europe of diesel export ban unless strategic reserves are tapped
The US has warned Germany and France to release diesel reserves or face a potential export ban.
01/10/2026 23:2114 min read
Fuel Supply Curbs by China and Russia Could Pressure Bitcoin in October
China halted fuel exports for October and Russia extended its diesel ban, potentially raising inflation and giving the Fed reason to hike rates, which could…
01/10/2026 22:1114 min read
Oil stands as the biggest obstacle for gold, BofA cautions, and a slide under $4,000 is possible.
BofA reiterates a $5,000 gold outlook for 2027 but warns oil, yields and fragile ETF positioning could push prices toward $3,750 first.
01/10/2026 21:5315 min read
Rising oil prices push NZ consumer confidence down to 97.6, inflation outlook softens
New Zealand consumer confidence dipped to 97.6 in September as a mid-month oil spike dampened sentiment, while two-year inflation expectations fell to 4.5%.
01/10/2026 21:3214 min read
Mystery projectile hits oil tanker in Strait of Hormuz, triggering fire; crew safe
A tanker in the Strait of Hormuz was hit by an unidentified projectile, sparking a fire. The crew is safe, but damage is unknown.
01/10/2026 20:219 min read
Gulf oil exports rebound despite risks, but product markets lag, Goldman and JPMorgan find
Goldman and JPMorgan see Gulf crude exports back near normal, but refined product flows remain weak.
01/10/2026 13:049 min read
European session: Dollar strengthens as Treasury yields near 2002 peaks
Treasury yields briefly hit 2002 highs, boosting the dollar and pressuring European stocks, while oil rebounded.
01/10/2026 12:217 min read
Trump says US may resume or intensify Iran attacks after midterms
In a TIME interview, Trump said the US could step up bombing of Iran after midterms if talks fail, as the conflict has cost over $25 billion.
01/10/2026 11:2114 min read
Crude oil jumps as patience wanes in US-Iran standoff
Oil rallied as traders grow impatient with lack of US-Iran progress, erasing earlier losses.
01/10/2026 10:028 min read