- Brent December futures fell 54 cents to $105.52 a barrel while WTI November futures rose $1.58 to $96.67 a barrel.
- A Singapore-registered ship was sunk in the Strait of Hormuz, raising worries of a prolonged Mideast conflict.
- The IEA's October oil report cautioned on diesel market constraints extending well into next year, with fresh attacks on Saudi Arabia threatening a supply recovery.
- The Trump administration is considering easing sanctions on shadow fleet vessels that transport oil and petroleum products from countries such as Russia, according to a Reuters report cited by CNBC.
- Speculators used markets built on Hyperliquid to trade crude oil after war broke out in Iran, a 24/7 venue that operates outside the US.
- India's September trade deficit widened to $30.21 billion as surging oil prices pushed up imports, adding risks from the Middle East conflict.
Quotes
“Such attacks are unprovoked, unjustifiable and a breach of international law”
“leaves little immediate prospect of a full reopening of the waterway”