Core Insights - Crude oil and gasoline prices experienced modest gains due to easing US-China trade tensions, which are expected to support economic growth and energy demand [1] - A decline in US crude inventories and gasoline supplies reaching an 11-month low contributed to the positive momentum in oil prices [2] - Strength in the global economy, indicated by Eurozone GDP growth and an improved Japan GDP forecast, is bullish for energy demand [3] Group 1 - The extension of the tariff truce between the US and China, along with the rollback of export controls, is expected to enhance energy demand [1] - The unexpected drop in weekly EIA crude inventories and the significant reduction in gasoline supplies have provided upward pressure on prices [2] - The Eurozone's Q3 GDP growth of +0.2% quarter-on-quarter and +1.3% year-on-year exceeded expectations, indicating stronger economic performance [3] Group 2 - Expectations of reduced Russian crude supplies due to US sanctions are supporting oil prices [4] - The US has implemented sanctions on major Russian oil producers, which is expected to limit their export capabilities [4] - Ukrainian attacks on Russian refineries have further constrained Russia's crude export capacity, with shipments dropping to 1.88 million barrels per day, the lowest in over 3.25 years [5]

Core Viewpoint - Oil prices increased on Wednesday morning following three consecutive days of decline, driven by a reduction in U.S. crude inventories and ongoing investor concerns regarding sanctions on Russia and other factors [1] Group 1: Market Dynamics - The rise in oil prices is attributed to a decrease in U.S. crude inventories, indicating a tightening supply situation [1] - Investor sentiment remains cautious due to the implications of sanctions on Russia, which could affect global oil supply and pricing [1] Group 2: Price Movement - Oil prices experienced a rebound after a period of decline, reflecting market volatility and the influence of geopolitical factors on commodity prices [1]

turn now to the bond market with the 10-year yield briefly crossing back above 4% again as the price of oil also moves up. Let's head now to Rick Santelli who's in Chicago with more on the bond market and I guess could probably tell us as an Illinois guy is Indiana considered the Midwest. Oh, of course it is.Absolutely. We're all part of flyover country. You know, we need to make sure the audience knows tomorrow 8:30 Eastern September CPI.And I think that along with as Sully pointed out oil prices moving hi ...

By Hannah Lang NEW YORK (Reuters) -The dollar drifted higher against the yen on Thursday as traders waited for the delayed release of U.S. consumer inflation data on Friday and weighed fresh U.S. sanctions on Russian oil companies, which boosted oil prices. The U.S. currency was last up 0.38% on the yen at 152.525 yen, while the U.S. dollar index, which measures the greenback against a basket of currencies, was last nearly flat at 98.925. The week's main scheduled focus is the inflation data being relea ...

There are massive sanctions and sanctions on oil. The two biggest oil companies among the biggest in the world. But they're Russian.They do a lot of oil. And hopefully it'll push. Hopefully he'll become reasonable and hopefully Zelinsky will be reasonable to do.Let's bring in our executive editor for the Middle East, North Africa and Russia. That's Stuart Livingston Wallace in Dubai for us. Stuart, what do you make of these comments.It seems like a bit of a U-turn from President Trump. You know, it does. I ...

Core Viewpoint - Oil prices experienced their largest one-day increase in a month, indicating a potential impact on global crude supply due to recent price declines [1] Group 1 - The recent drop in oil prices has raised concerns among traders about its effect on the flow of global crude supplies [1]

Core Insights - Oil prices experienced a decline, settling approximately 1.6% lower in the previous session, as the market's risk premium diminished following an agreement between Israel and Hamas on the initial phase of a plan to end the conflict [1] Group 1 - The decline in oil prices indicates a shift in market sentiment as geopolitical tensions ease [1] - The agreement between Israel and Hamas is seen as a significant factor contributing to the reduction in risk premium in the oil market [1]

Core Viewpoint - Exxon Mobil Corporation is poised for a significant increase in third-quarter earnings for 2025, driven by higher oil prices and strong refining margins, despite a recent decline in stock performance [2][3][6] Group 1: Earnings Forecast - Exxon Mobil anticipates an increase in earnings by up to $300 million in the third quarter of 2025 due to favorable market conditions [2][6] - The Energy Products segment is expected to contribute significantly to earnings, with forecasts ranging between $300 million and $700 million [4] Group 2: Stock Performance - Scotiabank reaffirmed its "Outperform" rating for Exxon Mobil and raised its price target from $125 to $128, indicating confidence in the company's future performance [1][6] - Despite a 4% decline in stock price over the past year, the company's robust earnings forecast could signal a potential turnaround [3][6] - The current stock price is $113.98, reflecting a slight decrease of 0.04, or approximately -0.04% [3] Group 3: Market Position - Exxon Mobil's market capitalization stands at approximately $485.9 billion, highlighting its substantial presence in the energy sector [5] - The company had a trading volume of 3,463,938 shares on the NYSE, indicating active trading and investor interest [5]

Core Insights - Oil prices remained stable as investors assessed the implications of a ceasefire deal in Gaza against ongoing stalled peace talks in Ukraine, which may prolong sanctions on Russia and affect its oil exports [1][5]. Group 1: Ceasefire Deal in Gaza - Both Israel and Hamas have publicly endorsed a ceasefire deal, expected to be signed in Sharm el-Sheikh, Egypt [2]. - The ceasefire will involve a partial withdrawal of Israeli forces from Gaza and the release of hostages by Hamas in exchange for prisoners held by Israel [3]. Group 2: Implications for Oil Markets - The ceasefire could have significant implications for oil markets, potentially reducing attacks in the Red Sea and increasing the likelihood of a nuclear deal with Iran, which may lead to higher crude and product exports from Iran [4]. - Previous attempts at ceasefire deals have failed, and the ongoing conflict in Gaza has supported oil prices due to concerns over global supply disruptions [5]. Group 3: OPEC+ Production and U.S. Oil Consumption - OPEC+ has agreed to a smaller-than-expected output increase, which has alleviated oversupply concerns in the market [6]. - U.S. petroleum products supplied rose to 21.99 million barrels per day, the highest level since December 2022, indicating a potential increase in U.S. oil consumption [7].

Uh for more on the path ahead, let's bring in RBC Capital Markets global head of commodity strategy and CBC contributor Haleim Croft. Helma, great to have you with us. Thank you for having me.You know, Melissa, the same scenario as we had last month. We had a rally one week before the OPEC meeting. If we had talked this time last week, we would have been talking about Brent prices approaching 70.Now we have another sell-off going into an OPEC meeting over the weekend. And I think market participants are ver ...