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US gasoline futures held near $3.15 per gallon, holding its decline from the previous session as traders weighed elevated supply risks against signs of improving inventories. Yemen’s Iran-backed Houthis claimed to have struck Saudi Arabia’s largest oil refinery, while reports said Washington warned Gulf states to prepa
(Updates throughout with background and analyst comments) Oct 14 (Reuters) — Citigroup said on Wednesday it expects the Federal Reserve to raise interest rates by 25 basis points in December after US consumer inflation data for September came in significantly above expectations. The brokerage had been the lone holdout,
Spot premiums for Middle East crude benchmarks Oman and Murban declined as supply concerns eased, while Dubai held steady. Reuters also reported Iraq's SOMO offered steeper discounts for October-loading oil and Indian Oil Corp sought crude via a spot tender.
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI
US gasoline futures held near $3.45 a gallon, close to their highest level in eight weeks, as concerns over feedstock supply eased after Saudi Arabia stated it would offer additional cargoes via Oman. Attacks last week by Iran-backed Houthi rebels shut down a crucial crude pipeline in Saudi Arabia that bypasses the Str
Micron's strong earnings and guidance boost tech sector, while a major earthquake hits Venezuela and big US banks pass Fed's stress tests