[MARKET UPDATE] Crude complex is continuing to move higher as IEA concludes its press conference alongside Axios interview with Trump. We now await the G7 leaders call on the crude release.
Newsquawk Staff ·
Crude complex is continuing to move higher as IEA concludes its press conference alongside Axios interview with Trump. We now await the G7 leaders call on the crude release.
What it means
The ongoing rise in the crude complex suggests a market reacting to significant geopolitical developments, particularly the concluding press conference by the IEA and comments from Trump. The upcoming G7 leaders' call regarding crude release will be pivotal, possibly impacting supply expectations and influencing price dynamics across energy-related assets.
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
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