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22.10.26 - 17:32
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Houthis Step Up Attacks on Saudi, Sending Oil Higher (Bloomberg)
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Iran-backed Houthi rebels in Yemen step up their attacks on Saudi Arabia. Saudi Aramco had to evacuate its headquarters and the kingdom is on alert for more strikes. The US State Department has ordered non-emergency personnel to leave the country. Oil prices are spiking. Bloomberg's Tyler Kendall reports. (Source: Bloomberg)...
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22.10.26 - 15:48
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Futures Slide As Market Runs Out Of AI Patience, Oil Jumps On Saudi Attacks (ZeroHedge)
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Futures Slide As Market Runs Out Of AI Patience, Oil Jumps On Saudi Attacks
US futures are lower as the AI trade discovered that there is no right answer on capex: Meta spent more, Tesla spent less, and the market slammed both (after an initial kneejerk bounce), while a fresh wave of deadly attacks on Saudi Arabia, a US-ordered departure of diplomats from the kingdom and an NYT report that the US and Israel have drawn up plans for renewed strikes on Iran after the midterms sent Brent back above $112; as a result the flight to quality is back on, with 10Y yields sliding 9bps to 5.03% even as oil jumps and French bond yields soar. As of 8:00am ET, S&P futures are 1.0% lower at 7,720.75 while Nasdaq futures are down 1.7% at 29,507.50 and Dow futures are 0.6% lower. Wednesday's session closed near its highs, with the S&P rising 0.6% to 7,757 for a third straight gain and closing within 1% of its record high, as the SpaceX blowout revived the AI trade. In premarket trading, all Mag 7 names are red...
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22.10.26 - 15:48
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Brent Tops $112 As Tanker Attacks And Saudi Strikes Fuel Escalation Fears (ZeroHedge)
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Brent Tops $112 As Tanker Attacks And Saudi Strikes Fuel Escalation Fears
Despite our overnight note titled "More Oil Is Leaving The Gulf Than Before The War": And Here Comes The Shocking Freight Bill, Brent crude futures topped $112 a barrel early Thursday as fears of escalation in the Gulf area mounted and chaos and turmoil continued.
There's a bunch of overnight news pushing Brent prices higher.
Let's begin with news that the Iranian military claims it hit four "violating" oil tankers with projectiles while they were transporting crude in the northern Persian Gulf. The semi-official Fars news agency first published the report, citing an IRGC statement.
? IRGC CLAIMS 7 TANKERS HIT IN 24 HOURS NEAR STRAIT OF HORMUZ Iran's IRGC Navy says seven oil tankers were hit or damaged in the past 24 hours: • Four vessels involved in ship-to-ship oil transfers were targeted and caught fire. • Three others reportedly struck naval mines west of the Strait of Hormuz. Separate...
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22.10.26 - 12:54
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Saudi Attacks Push Oil Higher as Stocks Slide on Tech Earnings (Bloomberg)
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests: Wei Li, BlackRock Global Chief Investment Strategist; Joseph Pinto, M&G Asset Management CEO (Source: Bloomberg)...
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22.10.26 - 12:54
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Oil Climbs as Houthi Attacks on Saudi Arabia Continue (Bloomberg)
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Three people were killed in two attacks on an Aramco oil field and an airport in Saudi Arabia's Eastern Province Wednesday. The US State Department issued an ordered departure for non-emergency personnel and their families from the kingdom. The US move comes due to the growing threat from Houthi militants in neighboring Yemen. Abeer Abu Omar reports on Bloomberg Television. (Source: Bloomberg)...
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22.10.26 - 08:46
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Toter nach Angriff auf Flughafen in Saudi-Arabien (Tagesschau)
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Immer wieder greifen die Huthi aus dem Jemen zivile Ziele in Saudi-Arabien an. Nun werden Verletzte und ein Todesopfer nach einer Attacke auf den Flughafen in Damman gemeldet. Die USA kündigten an, diplomatisches Personal abzuziehen....
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22.10.26 - 04:12
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Brent crude tops $110 as fresh attacks in Saudi raise concerns over oil supplies (Times of India)
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Oil prices surged past $110 a barrel as Houthi attacks in Saudi Arabia raised alarms. The US took precautionary measures by evacuating diplomats' families from the kingdom amid escalating security issues. Simultaneously, US crude inventories dropped sharply, while distillate stocks showed an unexpected increase. Heightened threats to energy supplies from Iran have intensified concerns over shipping safety....
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