10 stories on crude oil from MarketRadar.
Billionaire macro trader Paul Tudor Jones says he is "long oil, bullish on oil," expecting crude to rally another $20 to $25 a barrel as the US-Iran conflict drags on past November's midterm elections.
Brent traded a $3.45 range on Monday as weekend attacks on Saudi Arabia and tankers met a US-brokered energy ceasefire — while Goldman Sachs moved its December 2026 Brent call to $90 a barrel.
JPMorgan's October 9 commodities note puts delivered prices back at spring highs — not because barrels are scarce, but because 766 of a 923-strong global supertanker fleet are already at work.
Hurricane Isaias knocked out 72% of Gulf of Mexico oil output and 59% of its gas after making landfall near Destin, Florida — while a $79 million VLCC freight rate and the Iran war keep global energy markets on edge.
Chartering a supertanker to carry US crude to China now costs $80 million — roughly $40 a barrel — closing the arbitrage window and pushing Asian refiners toward Middle East grades like Murban.
Asian equities slid Friday as doubts over OpenAI's revenue revived fears about AI spending, with the Nikkei falling over 1% and SoftBank down more than 5% after Wall Street's worst tech day in seven weeks.
Canola futures climbed Thursday as a 4%-plus crude-oil spike, driven by fresh Houthi strikes on Riyadh's King Khalid Airport, spilled into vegetable oils. November canola added C$6.60 to C$816.90 a tonne.
Crude is holding near $100 a barrel as IMF chief Kristalina Georgieva warns that an energy shock, the AI investment boom and record public debt are combining into a dangerous cocktail for the world economy.
Aliko Dangote has broken ground on a $15 billion, 700,000-barrels-a-day refinery at Lamu on Kenya's Indian Ocean coast — a project that could redraw East Africa's fuel trade and add fresh bids for Atlantic Basin crude.
WTI fell below $91 on Friday as JP Morgan data showed Gulf oil flows nearly back to pre-war levels, though a US carrier deployment and a Hormuz tanker attack cap the downside.
