Oil Futures Settle Lower After Volatile Session
Brent crude for December delivery fell 0.7% to $108.7 after prices reached multimonth highs and pulled back as traders weighed U.S.-Iran diplomacy prospects and continuing Middle East supply risks.
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Brent crude for December delivery fell 0.7% to $108.7 after prices reached multimonth highs and pulled back as traders weighed U.S.-Iran diplomacy prospects and continuing Middle East supply risks.
U.S. natural gas futures settled lower after the EIA said storage rose by 85 billion cubic feet in the week ended Oct. 2. The build topped the 79 bcf expected in a WSJ survey and weighed on prices.
Regional markets were mixed, with Japan's Nikkei 225 up 1.30% and the benchmark US 10-year Treasury yield last at 5.165%. Spot gold was up 0.1% at $4,282.98 an ounce.
Global stocks were little changed, while Japanese government bond yields climbed to historic levels and US Treasury yields edged lower. Gold rose and Brent crude eased, with traders still pricing in further Federal Reserve rate hikes.
Global equity markets closed mixed, with Europe down and Wall Street ending a volatile week with modest gains. US Treasury yields topped 5%, while Brent crude remained above $100. Asian markets showed mixed performance.
Global equity markets experienced a mixed session on Friday, with gains on Wall Street partially offsetting losses in Europe. Bond yields continued to climb, with US 10-year Treasury yields topping 5%, while currency markets saw the dollar strengthen against the yen. Spot gold and Brent crude prices showed modest movem