Newsflash

According to Iranian sources, Iranian Foreign Minister Araghchi will visit Pakistan on Sunday to attend the Economic Cooperation Organization talks.

Iranian Foreign Ministry spokesperson Baghaei: At this stage, we rule out the possibility of suspending uranium enrichment activities or reducing the level of uranium enrichment.

[Copper prices have also begun to retreat. Can China's high copper import premiums provide a floor? From setting a record high to falling to a four-month low, the copper market's script has changed quickly, yet China's imported copper premiums remain stubbornly high. Now that funds have withdrawn, how much time can tight spot supply buy for the rally? Which of the reasons that once supported the price rise now need to be weighed again?

GasBuddy analyst Patrick De Haan: U.S. diesel prices have fallen below $6 per gallon for the first time since September.

U.S. Energy Secretary Wright: The United States is the world's largest oil and natural gas producer and exporter. Under the push of U.S. President Trump, this position will continue to be consolidated. Loans from the U.S. Department of Energy will help expand output from existing offshore platforms, strengthen U.S. energy security, and generate approximately $1.6 billion in lease revenue.

According to Al-Arabiya TV, Iraqi Prime Minister Zaidi has dismissed the chief of the Babylon provincial police, as well as the heads of the intelligence departments of the Ministry of Defense and the Ministry of Interior stationed in the province.

According to Al Arabiya TV: The Iraqi Prime Minister has dismissed several security and administrative officials over an oil smuggling incident in the Al-Jaffar Sahel area. The Iraqi Prime Minister ordered that commanders at all levels of the security forces must bear full responsibility for any oil smuggling activity.

U.S. Central Command: Under U.S. protection, Gulf partner nations have transported more than 1.7 billion barrels of crude oil through the Strait of Hormuz.

U.S. Transportation Secretary Duffy: The aviation system modernization upgrade plan has won bipartisan support, and most of the funding will go to cities and states governed by the Democratic Party.

U.S. Transportation Secretary Duffy: For now, we can only continue to use the old communications network of L3Harris. We will work with AT&T, Verizon, and Lumen, using the funds we have secured.

Fed's Collins: There are good reasons to keep interest rates unchanged at the October FOMC meeting.

Fed's Collins: labor market is in an "unusually stable state"; may strengthen further.

Fed's Collins: Given risks in both directions, a steady, gradual approach to rate hikes is appropriate. In light of inflation and employment data, the Fed may need to raise interest rates above recent forecast levels.

Russian drones attacked a Naftogaz facility in Ukraine's central Poltava region, causing a fire.

Ukraine says it attacked an oil pumping station in Russia's Samara region.

Iranian Navy: An oil tanker caught fire after hitting a mine in restricted waters east of the Strait of Hormuz, the second such incident today.

Thai Prime Minister Anutin Charnvirakul has proposed an energy plan to promote B20 diesel, E20 gasoline and rooftop solar power, aiming to lower Thailand's energy costs and raise farmers' incomes.

Canadian Prime Minister Carney: The security architecture of a free Europe will be decided by free Europe and NATO, not by Russia.

【After a US$6.6 billion crude oil sell-off, who is quietly switching sides, bulls or bears?】Oil prices have continued to swing sharply this week, yet the positioning report the market is watching may not yet capture all the changes. When new data comes out next week, which judgments may need to be recalculated? To make sense of this back-and-forth, what gap should be filled first?

U.S. Transportation Secretary Duffy: I believe that when the Thanksgiving travel peak arrives, we will return to normal operations.