Europe agrees to release diesel stocks, and oil prices fall
Europe has agreed to release its diesel reserves, and oil prices have dropped. Brent crude is at $102 and WTI is at $91. The supply of refined oil products has become the focus.
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Futures
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Market turmoil under the combined pressure of bond crash, France's emergency situation and diesel politics
The global futures market is in a wild state of volatility. The French government bond futures have tumbled and diesel and crude oil futures have surged with the expectations of a Fed interest rate hike fluctuating.
Global food prices are approaching a four-year high, with grains and sugar leading the increase
Global food prices have hit a four-year high due to logistics and climate factors. Sugar has reached a 18-month high and wheat has reached a three-year peak.
G7 jointly released 100 million barrels of diesel and oil, diesel futures dropped
The US pressured the G7 countries to release 100 million barrels of diesel and oil stocks. As a result, the price of diesel futures fell.
The rise in oil prices has encouraged Britons to buy electric vehicles
The increase in oil prices has driven new car sales in the UK to a seven-year high in September, with electric vehicle sales up by 36%.
Norwegian pipeline prepares for European winter, and the price of natural gas has doubled
Norwegian pipeline ready for European winter, gas prices double to 73 euro, and storage low.
China halts fuel exports in October, adding to global oil supply tensions
China cut its fuel exports in October to increase domestic fuel supplies. Asian diesel futures traded at a wider price spread on falling global oil stocks.
China halts oil exports, US troops increase in the Middle East, Brent crude rises to $102
Oil prices soared again, up 4% Thursday, with Brent at $102 and WTI at $93. This continues the upward trend seen in September. A new driver has emerged in China's oil export stop.
Ukraine's grain exports are restricted, and grain stocks have reached a record high
Ukraine's grain exports have sharply declined, and grain stocks have reached an all-time high. The restricted logistics is squeezing farmers' incomes.
Gold prices have fallen for two consecutive months, and gold futures have plummeted to a seven-week low
Spot gold fell 4% to its lowest in seven weeks. Rising oil prices have boosted interest rate hike expectations and gold prices have dropped 6% in September.