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11:35:49

Nymex crude oil futures for the most active contract have just broken through the $92.00/barrel mark, currently trading at $92.50/barrel, up 2.19% on the day.

11:35:49

Nymex crude oil futures for the most active contract rose 2.19% to $92.50 per barrel on the day.

11:30:38

Brent crude oil futures for the most active contract rose 1.00% to $100.13 per barrel on the day.

11:30:08

Brent crude oil futures, the most active contract, just broke through the $100.00 per barrel mark, last trading at $100.07 per barrel, up 0.94% on the day.

11:28:22

[US Crude Oil: Cautious Buying on Dips] 1. Analysis: Despite expectations of a possible easing of tensions in Iran following the US midterm elections, the tanker attacks in the Persian Gulf and the Strait of Hormuz on Wednesday and Thursday reignited supply concerns, providing an opportunity for a price rebound. Oil prices fell sharply in the first half of the week, and a short-term rebound is needed. 2. Focus: News related to the Middle East situation and the Russia-Ukraine situation. 3. Resistance: 93.01; 94.00; 96.00; 4. Support: 90.46; 89.10; 87.66

10:36:23

[National Development and Reform Commission: Energy Supply Generally Able to Meet Demand This Winter Heating Season] At a press conference held today (November 6th) by the National Development and Reform Commission (NDRC) as part of its "Striving for the 15th Five-Year Plan" series, it was announced that energy supply for this winter heating season is generally able to meet demand, ensuring a warm winter for the people. National coal production reached 385 million tons in September, and further increased in October compared to the previous month, while coal inventories for power generation remain high. The foundation for energy supply continues to be strengthened, with over 200 billion cubic meters of natural gas resources secured for the heating season. Underground gas storage facilities have achieved full storage capacity, generally sufficient to meet demand. (CCTV News)

10:34:15

[Victoria Gas Project Approved, Originally Expected to Alleviate East Coast Supply Shortage] (1) Concerns surround the east coast gas supply gap. The Victorian government stated that the project, approved last month, is scheduled to begin gas production in 2028 and commence storage operations the following year, which would increase Victoria's gas storage capacity by approximately 70%. (2) The project was originally expected to alleviate the gas supply gap projected to emerge in Australia's densely populated east coast region by the end of this decade. (3) According to the official website, the project was originally planned to provide 500 terajoules of gas extraction capacity per day, a scale exceeding half of Victoria's maximum daily gas demand in the 12 months ending June 2026.

10:33:11

[Construction of the World's First Commercial High-Temperature Gas-Cooled Reactor Nuclear Island Fully Commences] Today (June 6), construction of the nuclear island for the "Chilong-1" high-temperature gas-cooled reactor at the Xuwei Nuclear Power Plant in Jiangsu Province was fully commenced. This marks a significant step towards the large-scale commercialization of my country's independently developed fourth-generation nuclear power technology. The "Chilong-1" high-temperature gas-cooled reactor is a fourth-generation advanced nuclear energy technology independently developed by my country with complete independent intellectual property rights. It uses spherical fuel elements and can withstand temperatures up to 1620 degrees Celsius. Even if the nuclear power plant loses its cooling function, the reactor can maintain safety through natural heat dissipation. This inherent safety characteristic lays the foundation for the large-scale application of high-temperature gas-cooled reactors. (CCTV News)

10:26:20

[Saudi Aramco Cuts December Asian Arab Light Crude Price by $2 to Six-Year Low] (1) Saudi Aramco on Friday cut its official selling price for Arab Light crude to Asian customers by $2 per barrel in December compared to November, widening the discount to the Oman/Dubai average to $6.50 per barrel, the lowest level since the COVID-19 pandemic began in May 2020. (2) Pricing documents show that Saudi Aramco also cut the price of all grades of crude to Northwest Europe and the Mediterranean by $1 per barrel in December, while keeping the price unchanged in the U.S. market. (3) A survey last week showed that due to ample Middle Eastern crude oil supply and weak spot premiums, market participants had expected Saudi Aramco to keep Asian prices unchanged or cut them by up to $2 per barrel to attract buyers. (4) This week, the spot premium for benchmark Middle Eastern crude oil fell back to pre-war levels before the U.S.-Israel war against Iran; despite an increase in attacks on tankers sailing through the Strait of Hormuz, increased exports from oil-producing countries boosted supply, while cooling refining margins in Asia also dampened buying interest. (5) HSBC said that the recovery in exports was faster than expected, and raised its forecast for Saudi Arabia’s crude oil production in the fourth quarter from 6.3 million barrels per day to 8.3 million barrels per day; it also raised its forecast for Saudi Arabia’s production in 2027 from 8.8 million barrels per day to 9.8 million barrels per day, and expects Saudi Arabia’s crude oil production to recover to about 10 million barrels per day by mid-2027.

09:02:24

[Second Domestically Built Large Cruise Ship "Aida Huacheng" Delivered] Today (June 6th), the second domestically built large cruise ship, "Aida Huacheng," was officially delivered in Shanghai, marking a crucial leap from single-ship construction to serialized production of large cruise ships. Large cruise ships, aircraft carriers, and liquefied natural gas (LNG) carriers are considered the three jewels in the crown of shipbuilding, serving as important benchmarks for measuring a country's comprehensive industrial manufacturing capabilities. The second domestically built large cruise ship, "Aida Huacheng," is 341 meters long, larger than three standard football fields lined up side-by-side. It has 2,130 rooms and can accommodate over 5,200 passengers, equivalent to the size of six small to medium-sized five-star hotels on land. (CCTV News)

09:00:11

Shanghai fuel oil futures have just broken through the 4300 yuan/ton mark, currently trading at 4301 yuan/ton, down 0.14% on the day; China INE crude oil futures have just broken through the 640.0 yuan/barrel mark, currently trading at 642.0 yuan/barrel, up 0.56% on the day.

07:14:39

Nymex crude oil futures for the most active contract rose 1.01% to $91.43 per barrel on the day.

05:34:04

Brent crude oil prices climbed above $99 a barrel, with a daily increase of 4.64%.

05:33:29

Brent crude oil futures, the most active contract, just broke through the $99.00 per barrel mark, last trading at $99.02 per barrel, up 4.69% on the day.

04:27:51

International oil prices rose on the 5th. On the New York Mercantile Exchange, the price of light sweet crude oil futures for December delivery rose $2.40 to settle at $90.52 per barrel, a gain of 2.72%. On the London ICE Futures Exchange, the price of Brent crude oil futures for January delivery rose $3.67 to settle at $98.29 per barrel, a gain of 3.88%. All statistics are based on the closing prices of the day.

03:42:41

Brent crude futures were up 4.32% in the latest trading session, with prices rising by more than $4. Investors are currently assessing the trajectory of the war with Iran and evaluating the market impact of the tanker attacks.

03:41:25

WTI crude oil prices rose above $91 per barrel, with a daily increase of 3.28%.

03:40:28

Nymex crude oil futures for the most active contract have just broken through the $91.00/barrel mark, currently trading at $91.05/barrel, up 3.33% on the day.

03:33:25

Brent crude oil rose 4% on the day, currently trading at $98.41 per barrel.

03:32:47

Brent crude oil futures for the most active contract rose 4.01% to $98.37 per barrel on the day.

03:31:09

WTI December crude oil futures finally closed at $90.52 per barrel, after hitting a low of $88.12, the lowest closing level since October 7. It has been rising steadily since the Asian afternoon session and is currently approaching the 50-day moving average, which is currently trading at $92.01. NYMEX December natural gas futures closed at $2.9470 per million British thermal units (MMBtu), December gasoline futures closed at $2.7634 per gallon, and December heating oil futures closed at $4.3519 per gallon.

02:54:19

Saudi Aramco has adjusted its crude oil export pricing for December, with the official selling price of Arab Light crude oil to Asia at -$7 per barrel, a decrease from the previous pricing.

02:32:50

S&P affirmed BLUE OWL CAPITAL’s RTGS rating at “BBB” with a stable outlook.

02:19:29

Brent crude oil futures, the most active contract, just broke through the $98.00/barrel mark, and are currently trading at $98.01/barrel, up 3.63% on the day.

02:19:12

Brent crude oil prices climbed above $98 per barrel, with a daily increase of 3.57%.

01:37:25

ConocoPhillips said in a conference call that it will begin drilling operations for the Willow project early next year.

01:31:28

What do the US midterm elections mean for policy and markets? Details>

00:35:39

US unleaded gasoline futures just broke through the $2.7300/gallon mark, last trading at $2.7298/gallon, up 0.04% on the day; Brent crude oil futures just broke through the $96.00/barrel mark, last trading at $95.98/barrel, up 1.48% on the day.

23:31:51

U.S. EIA natural gas storage for the week ending October 30 was 77 billion cubic feet, compared to an expected 81 billion cubic feet and a previous reading of 80 billion cubic feet.

21:49:58

Shanghai fuel oil futures have just broken through the 4200 yuan/ton mark, and are currently trading at 4199 yuan/ton, down 2.51% on the day.

21:45:08

China's INE crude oil futures main contract has just broken through the 630.0 yuan/barrel mark, and is currently trading at 629.8 yuan/barrel, down 1.35% on the day.

21:29:41

[US Treasury Outlook: Election Shift Unlikely to Change Cycle, AI Bubble and Oil Prices Present Double Challenges] ⑴ Following the Democratic Party's major victory in the election, oil prices fell by nearly 9%, leading to a sharp drop in US Treasury yields on Wednesday. The benchmark 10-year yield fell by 6 basis points and again below 4.90%, suggesting the market believes a tougher Congress may prompt Trump to tone down his tariff rhetoric. ⑵ This optimism may be untenable. Trump has largely bypassed Congress in the past two years, and Tehran and its allies may be encouraged by the election results, making a renewed escalation of the situation more likely than less probable. ⑶ Oil prices appear to have found a technical bottom around $87, where the 100-day and 200-day moving averages converge, reinforcing the $87-$100 range. If Friday's key non-farm payroll and wage data show an unexpected upward trend, the 10-year yield could quickly rebound to around 5%. ⑷ Some argue that the current situation is more like the twilight of a cycle than a new dawn, with the aging business cycle and excessive expansion of the financial cycle overlapping. The artificial intelligence investment bubble amplifies this distortion, and the US has not experienced a downturn since the financial crisis, except for the pandemic recession. (5) The estimated $10 trillion investment in AI infrastructure by 2032 far exceeds previous technological revolutions. Hyperscale cloud vendors are shifting from positive to negative free cash flow, while financing costs remain high and borrowing demand is surging. (6) Reportedly, the cost of debt default insurance for Microsoft, Alphabet, Amazon, and Broadcom has reached record highs. CCC-rated pressure is spreading to single-B-rated debt, and the private credit default rate has risen to 6.3%. The US AI boom is increasingly reliant on debt financing, and the risks have already spread to pension funds, annuities, and banks. (7) A Democratic landslide victory may accelerate the retreat of AI deals. Texas, Georgia, and Ohio account for more than 40% of planned data center capacity, and newly elected Democratic governors may tighten scrutiny on permits, environmental regulations, and electricity pricing. (8) Congressional Democrats may also push for AI safety barriers, expand legal liability, and restrict data center expansion. OpenAI's latest commitment to community consultation and construction transparency shows that the industry has recognized the shift in the political winds. (9) Wall Street's narrative that the deadlock is beneficial and that growth will spread beyond artificial intelligence ignores the possibility of investigations, impeachment, government shutdowns, and debt ceiling negotiations. Trump's executive and veto powers remain significant obstacles to substantive policy changes. (10) Strategically, the 10-year yield is likely to trade between 5.05% and 4.80%, with a tactical selling point around 4.81% and a strategic buying point above 5%. Intraday focus should be on the 4.90% to 4.83% range. (11) Thursday's data includes the Challenger layoffs report, weekly initial jobless claims, and preliminary Q3 productivity and cost estimates. Several Fed officials will speak, and the Treasury will announce short-term debt issuance arrangements and conduct repurchase operations.

21:08:23

Shanghai fuel oil futures have just broken through the 4,300 yuan/ton mark, and are currently trading at 4,304 yuan/ton, down 0.07% on the day.

21:08:14

Nymex crude oil futures for the most active contract have just broken through the $90.00/barrel mark, currently trading at $90.01/barrel, up 2.14% on the day.

21:07:54

Nymex crude oil futures for the most active contract rose 2.01% to $89.89 per barrel on the day.

20:42:10

Brent crude oil futures, the most active contract, just touched the $97.00 per barrel mark and is currently trading at $97.00 per barrel, up 2.56% on the day.

20:41:18

[Highlights for Thursday's Second Half: Fed Officials' Speeches and After-Hours Earnings Reports] ⑴ At 20:50 Beijing time, Cleveland Fed President Hammark speaks; at 21:10, Richmond Fed President Barkin speaks. ⑵ At 21:20 Beijing time, the New York Fed conducts Treasury bill purchases; at 22:30, the U.S. Energy Information Administration releases natural gas storage data, with the previous figure showing an increase of 80 billion cubic feet. ⑶ At 23:00 Beijing time, the Treasury Department announces the Treasury bill auction schedule; at 23:30, 4-week and 8-week Treasury bills are auctioned; at 2:00 AM the following day, the Treasury Department conducts repurchase operations. ⑷ At 4:30 AM the following day, the Federal Reserve releases its weekly balance sheet report. ⑸ After the US stock market closes, several technology, energy, healthcare, and consumer companies release earnings reports, covering sectors such as cloud security, enterprise software, optical networks, quantum computing, voice AI, consumer credit, and rare earth supply chains. ⑹ At 7:00 AM the following morning, Dallas Fed President Logan speaks on artificial intelligence and the future of the workforce. (7) Throughout the day, pay close attention to the trend of US Treasury yields, post-election market reaction, AI stock performance, oil prices, and geopolitical news. (8) The October non-farm payroll report will be released at 20:30 Beijing time on Friday, the University of Michigan consumer sentiment index at 22:00, Federal Reserve Governor Bowman will speak at 0:15 the following morning, Baker Hughes drilling rig count will be released at 1:00, and consumer credit data will be released at 3:00.

20:01:10

The unprecedented sell-off in crude oil dealt a heavy blow to bullish sentiment; has the market overdrawn its potential for a rapid recovery? Details>

19:51:15

Brent crude oil futures for the most active contract rose 2.01% to $96.48 per barrel on the day.

19:29:33

Nymex crude oil futures for the most active contract have just broken through the $89.00/barrel mark, currently trading at $89.02/barrel, up 1.02% on the day.

18:02:04

Brent crude oil futures, the most active contract, just broke through the $96.00 per barrel mark, and are currently trading at $96.05 per barrel, up 1.54% on the day.

17:34:18

[Investors Slightly Lower Expectations for Bank of England Rate Hike] ⑴ Investors have slightly lowered their expectations for future Bank of England rate hikes, but still reflect the possibility of a 25 basis point increase in Thursday's rate decision. ⑵ Brent crude oil is trading at $95 per barrel, down from over $100 per barrel earlier this week. ⑶ The decline in oil prices is attributed to increased prospects for an end to the Middle East conflict following the Democratic Party's control of the US Senate and House of Representatives. ⑷ Institutional data shows that investors are pricing in a cumulative increase of 94 basis points in the UK benchmark interest rate by the end of 2027, 11 basis points lower than the 105 basis point expectation at the beginning of this week. ⑸ Overall, market expectations for the Bank of England's rate hike path have cooled somewhat, with oil prices and geopolitical situations becoming important variables influencing pricing.

17:32:58

[Indian Government Bonds Rise, 10-Year Yield Falls Rapidly] ⑴ Indian 10-year government bonds rose, driven by oil prices, and are approaching technically overbought territory for the first time since July. ⑵ The benchmark 10-year government bond yield was 7.1229% on Thursday, down nearly 29 basis points in the four trading days to Thursday. ⑶ The bond's relative strength index (RSI) fell to 33.7 from 81.4 on October 26, a more than four-month low. ⑷ An RSI below 30 is generally considered an overbought signal. ⑸ During the same period, Brent crude oil prices fell from $117 per barrel to $95, after the Democratic victory in the election reignited market expectations for an end to the war between the United States and Iran. ⑹ A private bank trader said that the 10-year government bond has rapidly approached overbought territory in a few days, but the rally may lose momentum from here. (7) Traders believe that the next phase of the bond market's trend will depend on whether the US and Iran can reach a peace agreement. (8) Further attention should be paid to the impact of oil price trends and geopolitical developments on Indian government bond sentiment. (9) Overall, Indian government bonds have seen a significant short-term rise, but technical indicators suggest that the upside potential is limited.

16:47:02

[UK gilt yields extended their decline ahead of the Bank of England's decision] The yield on 10-year UK gilts fell further to around 5.1%, the lowest level since the end of August. Brent crude oil prices fell to a two-month low as markets anticipated increasing political pressure on the Trump administration to end the war with Iran following the Democratic Party's landslide victory in the US midterm elections. Market sentiment was also supported by a rotation of funds from technology stocks to other assets, driven by concerns about potential regulatory restrictions on chipmakers. Meanwhile, the market widely expects the Bank of England to raise interest rates for the first time since 2023, as persistent inflationary pressures continue to weigh on the economic outlook. However, policymakers may counter market expectations of further monetary tightening next year. Against this backdrop, expectations for further rate hikes after today's Bank of England meeting have cooled somewhat, with traders no longer fully pricing in four rate hikes by the end of next year.

15:57:58

Oil prices plunged more than 15% in a week! Two waves of shocks from the midterm election reversed the trend. Details>

15:25:09

Nymex crude oil futures for the most active contract have just broken through the $88.00/barrel mark, currently trading at $88.02/barrel, down 0.11% on the day.

15:23:19

Brent crude oil futures, the most active contract, just touched the $95.00 per barrel mark and is currently trading at $95.00 per barrel, up 0.45% on the day.

15:17:09

Artificial intelligence is driving up energy demand! Giants are flocking to Abu Dhabi: A supply glut may be imminent in 2027. Details>

15:00:57

[Commodity Futures Closing] Fuel oil fell 14.14% for the second consecutive day, low-sulfur fuel oil fell 10.42% for the second consecutive day, liquefied petroleum gas fell 8.99% for the second consecutive day, asphalt fell 8.53% for the second consecutive day, and palladium rose 8.27% for the second consecutive day.

14:33:04

Abu Dhabi National Oil and Gas Company: Chief Operating Officer signed a strategic cooperation agreement with Baker Hughes to explore upgrade options for the existing gas turbine fleet.

13:44:47

China's INE crude oil futures main contract has just broken through the 620.0 yuan/barrel mark, and is currently trading at 620.1 yuan/barrel, down 8.30% on the day.

12:50:30

[Large-scale drone attack hits Ryazan region: industrial facilities catch fire, power outages in some areas] (1) Ryazan Oblast Governor Pavel Markov said on social media that industrial facilities in the Ryazan region were damaged and caught fire after a large-scale drone attack at night. (2) Falling debris damaged power transmission lines, causing power outages in parts of Ryazan. (3) Ryazan is home to a large Rosneft refinery with an annual capacity of approximately 17 million tons; the governor did not specify which industrial facilities were damaged.

11:25:03

[VIP Article] The Truth Behind Venezuela's 100 Billion Dollar Oil Gamble: Can Production Reach One Million Barrels? Key Market Observations on Crude Oil Recovery (Article already published; viewable directly on the website, or in the VIP section of the app)

10:04:33

US unleaded gasoline futures, the most active contract, just broke through the $2.7000/gallon mark, last trading at $2.6990/gallon, down 1.08% on the day; Nymex crude oil futures, the most active contract, just broke through the $87.00/barrel mark, last trading at $86.99/barrel, down 1.28% on the day.

09:58:21

[Oil Prices Continue to Fall as Expectations of an End to the Iran War Rise] 1. Oil prices continued to fall in early Asian trading. Overnight, oil prices fell more than 8% as hopes for an end to the Middle East conflict rose following the Democratic Party's landslide victory in the US midterm elections. Near-month WTI crude futures fell as much as 1.2% to $87.01 per barrel in Asian trading on Thursday, a new low since October 6; near-month Brent crude futures are currently down 0.5%, trading around $94.08 per barrel, close to the nearly two-month low reached overnight. 2. However, ANZ analysts believe the market reaction lacks justification, as the risk of escalation after the election remains. They point out that Iran's control of the Strait of Hormuz shows no signs of ending, and this control restricts oil flows. 3. Ship tracking data shows that Persian Gulf crude oil exports averaged 17.1 million barrels per day in October, down from September.

09:41:10

Shanghai fuel oil futures have just broken through the 4100 yuan/ton mark, and are currently trading at 4099 yuan/ton, down 14.41% on the day.

09:24:28

China's INE crude oil futures main contract has just broken through the 610.0 yuan/barrel mark, and is currently trading at 609.9 yuan/barrel, down 9.80% on the day.

09:24:18

Brent crude oil futures fell 1.02% to $93.61 a barrel on the day.

09:21:07

Nymex crude oil futures for the most active contract fell 1.01% to $87.23 per barrel on the day.

09:00:14

China's INE crude oil futures main contract has just broken through the 620.0 yuan/barrel mark, and is currently trading at 619.8 yuan/barrel, down 8.34% on the day.

09:00:04

Shanghai fuel oil futures have just broken through the 4,400 yuan/ton mark, and are currently trading at 4,179 yuan/ton, down 12.74% on the day.

08:25:50

[Coal Inventories Generally Guaranteed for Peak Winter Supply, High-Quality Production Capacity Stably Released] A large-scale temperature drop is occurring in central and eastern my country, while northern regions are gradually entering the heating season, leading to a continued rise in seasonal energy demand. According to the China Coal Industry Association, in the first nine months of this year, the national output of raw coal from enterprises above designated size reached 3.45 billion tons, and coal mine resumption of production has accelerated since October. As of the end of October, the national coal reserves of power plants under unified dispatch reached 210 million tons, enough for 35 days, laying a solid foundation for ensuring supply during the peak winter season. (CCTV)

08:05:01

Bank of Japan meeting minutes: Many members believed that the risk of further price increases remained high, given the renewed rise in crude oil prices.

05:32:28

International oil prices fell significantly on November 4th. By the close of trading that day, the price of light sweet crude oil futures for December delivery on the New York Mercantile Exchange fell by $7.97, ultimately settling at $88.12 per barrel, a drop of 8.29%; the price of Brent crude oil futures for January delivery on the London ICE Futures Exchange fell by $8.98, closing at $94.62 per barrel, a drop of 8.67%. This sharp decline in oil prices was mainly due to the combined effect of multiple market factors. On the one hand, concerns about a slowdown in global economic growth potentially dragging down oil demand continued to intensify; on the other hand, expectations of tight supply in the oil market have eased recently. The convergence of these multiple negative factors led to this significant adjustment in oil prices.

04:54:52

Qatar is projected to become the largest purchaser of U.S. liquefied natural gas (LNG) by 2033. Qatar Energy added 7 million tons of U.S. LNG to its purchases in October. The company holds a 70% stake in the Golden Gate project in Texas, which will allow it to control 23.7 million tons of U.S. LNG annually by 2033. As a major global LNG exporter, Qatar has been actively pursuing a global energy strategy in recent years. This increased involvement in U.S. LNG projects not only enriches its gas supply portfolio and optimizes the flexibility of its global supply scheduling, but also reflects the deepening trend of cross-regional trade cooperation in the global LNG market. The long-term partnership between supply and demand sides provides greater support for the stable operation of the global energy market.

04:13:49

The Mexican state-owned oil company Petropec issued a statement regarding a circuit breaker tripping at its Deer Park, Texas refinery. The tripping caused multiple production lines to shut down. The exact cause of the circuit breaker tripping is still under investigation.

03:52:10

U.S. crude oil futures prices closed lower, hitting their lowest closing price since August 31. Recently, the international crude oil market has been affected by a combination of factors, including changes in supply and demand expectations and fluctuations in macroeconomic data, resulting in a generally volatile and corrective trend in oil prices. This decline reflects the current market's cautious expectation regarding future demand trends for crude oil.

03:48:31

According to sources familiar with the matter, the owners of Enduring Resources IV, a U.S. shale oil producer, are considering selling the company, with a current estimated valuation of no less than $4 billion.

03:45:07

Brent crude futures settled at $94.62 a barrel, down $8.98, or 8.67%, from the previous day.

03:31:28

The final settlement price for U.S. crude oil futures was $88.12 per barrel, down $7.97 from the previous price, a drop of 8.29%. This price fluctuation reflects the combined effects of multiple factors, including the recent supply and demand relationship in the international crude oil market and macroeconomic expectations, and will also have a corresponding transmission effect on the cost side of the subsequent energy-related industrial chain.

02:54:36

Research indicates that the U.S. Energy Information Administration (EIA) report, to be released on Thursday, is expected to reveal that U.S. natural gas inventories increased by 81 billion cubic feet last week.

02:03:55

The head of the Panama Canal Authority stated that currently, approximately three liquefied natural gas (LNG) carriers pass through the Panama Canal each week, compared to two per day before the war.

02:02:40

Brent crude oil prices fell below $94 per barrel, a drop of 9.30% on the day. As one of the important benchmarks for global oil pricing, short-term sharp fluctuations in Brent crude oil prices usually have a chain reaction on the global energy market, the costs of related industrial chains, and the inflation trends in many countries. Subsequent trends will also be affected by multiple factors such as international supply and demand relations and changes in geopolitical situations.

02:02:18

WTI crude oil fell by 9% intraday, currently trading at $87.42 per barrel. This significant price fluctuation is likely related to multiple factors, including recent changes in the international oil supply and demand landscape, geopolitical developments, and adjustments in market expectations for global economic growth. Future oil price movements will require continued monitoring of policy developments in major oil-producing countries and changes in actual consumer demand.

01:30:49

Brent crude oil futures fell 10.00% to $93.92 per barrel on the day.

01:28:19

Brent crude oil futures, the most active contract, just broke through the $94.00/barrel mark and is currently trading at $93.99/barrel, down 9.93% on the day.

01:18:18

Nymex crude oil futures for the most active contract have just broken through the $88.00/barrel mark, currently trading at $87.98/barrel, down 8.44% on the day; US unleaded gasoline futures for the most active contract have just broken through the $2.7300/gallon mark, currently trading at $2.7299/gallon, down 7.00% on the day.

00:55:39

[International oil prices continue to fall] Brent crude oil fell more than 8% intraday, currently trading at $95.20 per barrel; WTI crude oil fell more than 7%, currently trading at $89.27 per barrel.

00:52:35

Nymex crude oil futures for the most active contract fell 8.00% to $88.40 per barrel on the day.

00:50:50

[OPEC: Soaring Crude Oil Transportation and Insurance Costs Exacerbate Global Inflationary Pressures] OPEC Secretary General Haitham Guess stated on November 4th that international energy transportation and insurance costs have risen sharply since 2026, now exceeding one-third of the value of crude oil itself. The increase in transportation and risk costs is being transmitted along the oil and energy supply chain, increasing the economic burden on oil-producing and consuming countries and further exacerbating global inflationary pressures. A recent OPEC report released on the 4th shows that since 2026, crude oil shipping and insurance costs have risen sharply, with transportation costs on some routes increasing by approximately 12 times compared to the beginning of the year, pushing up global commodity prices and inflationary pressures. (CCTV News)

00:46:15

Brent crude oil futures, the most active contract, just touched the $95.00/barrel mark and is currently trading at $95.00/barrel, down 8.97% on the day; Nymex WTI crude oil futures, the most active contract, just broke through the $89.00/barrel mark and is currently trading at $88.95/barrel, down 7.43% on the day.

00:41:34

China's INE crude oil futures main contract has just broken through the 630.0 yuan/barrel mark, and is currently trading at 629.9 yuan/barrel, down 6.85% on the day.

00:38:54

Nymex crude oil futures for the most active contract have just broken through the $90.00/barrel mark, currently trading at $89.99/barrel, down 6.35% on the day.

00:37:44

Brent crude oil futures fell 8.01% on the day, closing at $96.00 per barrel.

00:37:44

Brent crude oil futures, the most active contract, just touched the $96.00 per barrel mark and was last quoted at $96.00 per barrel, down 8.01% on the day.

00:36:43

Nymex crude oil futures for the most active contract fell 6.00% to $90.32 per barrel during the day.

00:35:33

Brent crude oil futures, the most active contract, just broke through the $97.00 per barrel mark and is currently trading at $96.99 per barrel, down 7.05% on the day.

00:34:23

US unleaded gasoline futures, the most active contract, just broke through the $2.8000/gallon mark, last trading at $2.7999/gallon, down 4.62% on the day; China INE crude oil futures, the most active contract, just broke through the 640.0 yuan/barrel mark, last trading at 639.8 yuan/barrel, down 5.38% on the day.

00:34:03

Nymex crude oil futures for the most active contract have just broken through the $91.00/barrel mark, currently trading at $90.99/barrel, down 5.31% on the day.

00:32:12

Brent crude oil futures, the most active contract, just touched the $98.00 per barrel mark and is currently trading at $98.00 per barrel, down 6.09% on the day.

00:31:52

Brent crude oil futures fell 6.03% on the day, closing at $98.07 per barrel.

23:57:49

US unleaded gasoline futures, the most active contract, just broke through the $2.8200/gallon mark, last trading at $2.8199/gallon, down 3.94% on the day; Brent crude oil futures, the most active contract, just broke through the $99.00/barrel mark, last trading at $98.99/barrel, down 5.14% on the day.

23:57:39

China's INE crude oil futures main contract has just broken through the 650.0 yuan/barrel mark, currently trading at 649.8 yuan/barrel, down 3.90% on the day; Nymex US crude oil futures main contract has just broken through the 92.00 USD/barrel mark, currently trading at 91.96 USD/barrel, down 4.30% on the day.

23:55:58

Nymex crude oil futures for the most active contract fell 4.01% on the day, closing at $92.24 per barrel.

23:54:58

Brent crude oil futures, the most active contract, just touched the $100.00 per barrel mark and is currently trading at $100.00 per barrel, down 4.18% on the day.

23:54:28

Nymex crude oil futures for the most active contract have just broken through the $93.00/barrel mark, currently trading at $92.99/barrel, down 3.23% on the day.

23:41:29

Data from the U.S. Energy Information Administration (EIA) shows that crude oil inventories along the U.S. Gulf Coast fell to their lowest level since December 2022 in the latest week.

23:40:06

U.S. EIA crude oil inventories for the week ending October 30 decreased by 865,000 barrels, compared to an expected increase of 1.987 million barrels and a previous decrease of 1.892 million barrels. U.S. EIA strategic petroleum reserves for the week ending October 30 decreased by 399,000 barrels, compared to a previous decrease of 100,000 barrels.

22:58:04

[UAE Denies Plans to Build Third Oil Pipeline Bypassing Strait of Hormuz] According to sources familiar with the matter, the United Arab Emirates (UAE) is considering building a third oil export pipeline to transport crude oil outside the Strait of Hormuz, aiming to significantly reduce the country's dependence on this shipping route. The sources indicated that Abu Dhabi National Oil Company (ADNOC) is assessing the feasibility of building a new pipeline extending from the UAE's west coast to the port of Fujairah in the east. This pipeline could be open to third parties and would complement existing pipelines and another pipeline scheduled to begin operation next year, thereby enhancing the UAE's ability to supply crude oil to customers should shipping through the Strait of Hormuz be disrupted in the future. Other sources indicated that ADNOC has already briefed some Asian customers on the pipeline plan. However, the details are not yet finalized, and several aspects, including the pipeline route, are still subject to change. An ADNOC spokesperson stated, "We have informed Bloomberg that the report is untrue and purely speculative."

22:30:04

The U.S. trade deficit narrowed slightly in September, with merchandise exports rising to a four-month high. Data released Wednesday by the Commerce Department showed the trade deficit in goods and services narrowed 0.7% from the previous month to $105 billion. The median forecast of economists surveyed by Bloomberg was $107.9 billion. Monthly trade data, unadjusted for inflation, has been highly volatile, influenced by factors such as tariffs, rising oil prices, and supply chain disruptions. Exports rose 1.9%, primarily driven by increased capital goods exports. Imports rose 1.2%. Capital goods imports increased by a record $11.6 billion from the previous month. This category includes computers and accessories, semiconductors, and telecommunications equipment. U.S. companies are making large purchases of imported technology equipment to expand their artificial intelligence capabilities. Meanwhile, imports of industrial goods, including oil and petroleum products, fell by $3.7 billion from the previous month. The report showed that the U.S. imported fewer barrels of crude oil than the previous month. Exports of industrial goods decreased by $1 billion.