Fed Chair Warsh called AI investment a shock to prices, Reuters reported Monday. Seoul closed down 3.73 percent Tuesday as chip stocks fell. Brent touched $111.75, its highest since May.
Friday the White House waived Russia penalties with no end date written in. Reuters gives two start dates for the diesel. Brent slipped Monday from its highest settlement since May.
Brent futures settled at 105.92 dollars Thursday. Dated Brent, the physical benchmark, is near 130, Bloomberg reported. Producer gasoline rose 20.3 percent in September, and the Fed chair would not say what comes next.
Seoul halted trading Thursday as the Kospi fell 7.57 percent. A day earlier US consumer prices rose 3.7 percent on the year, and gasoline 34.2 percent. Reports tie the two together, and the Fed meets in thirteen days.
Aramco headquarters was reported struck overnight, and the Houthis claimed it. Saudi crude leaves by Hormuz or by a pipeline to the Red Sea. Both routes are in the attack record.
Last week the Treasury sold $39 billion of 10-year notes at 5.30 percent, the highest since 2000. Indirect bidders took 80.3 percent. Tomorrow’s CPI hits a bond market that just reopened.
An attack on Riyadh's airport killed at least twelve. Brent is back near $106 and the president is talking about joining a campaign, not holding one back. The promise dated one risk and left the others open.
Brent gave back much of a $5.70 spike after Trump ruled out strikes on Iran before the midterms. The week nets out flat. Isaias is the loss that can be counted.
Brent topped $105 on a magazine report of strike options against Iran. The attack count is at a wartime high. A Fed governor says the next hike can take its time.
Brent erased its Tuesday morning fall by the close. The Saudi pipeline figure has not changed. The count of tanker attacks in the strait has.
Saudi Arabia put an official figure on its East-West pipeline this morning: 5.8 million barrels a day. Brent fell more than 2%. The attacks claimed around the bypass widened overnight.
A strike claimed on a Saudi pumping station produced two opposite accounts by Monday: one source says the East-West pipeline stopped, others say oil is flowing as normal. Brent priced the second. The Red Sea exit is contested too.
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