Flash News

TREE NEWS reports: WTI crude futures and Brent crude both fell more than $1 in short order, trading at $90.13 and $102.05 a barrel respectively. The drop followed US President Donald Trump saying Russia will immediately supply the US and global markets with over 300,000 tonnes of diesel, another 500,000 tonnes in November, and an additional 1 million tonnes immediately after the US midterm elections.

TREE NEWS update: US President Donald Trump said he concluded a highly successful meeting with Russian President Vladimir Putin, under which Russia will immediately supply the US and global markets with more than 300,000 tons of diesel, another 500,000 tons in November and a further 1 million tons right after the US midterm elections. Russia will also supply 3 million tons of diesel in the near term, Trump said, adding that Iranian nuclear weapons must never be permitted.

TREE NEWS reports: Spot gold crossed the $4,200-per-ounce mark, trading at $4,200.12 with a 1.60% gain on the day. The move puts the metal above the round-number threshold for the first time in the session.

TREE NEWS update: The Pacific Tsunami Warning Center said waves of 1 to 3 metres above tide level may hit Panama’s coast, while Ecuador’s coast could see waves 0.3 to 1 metre above tide level. The centre issued the wave-height estimates for the two countries’ shorelines.

TREE NEWS update: Eldorado Gold’s Skouries mine has been designated a strategic project under the European Union’s Critical Raw Materials Act, the company said. The designation places the Greek gold and copper project within the EU framework aimed at securing domestic supply of critical raw materials. No further details were disclosed.

TREE NEWS reports: WTI November crude futures settled at $91.85 a barrel, while Abu Dhabi Murban crude futures fell 1.80% to $108.48 a barrel, down 2.11% for the week. NYMEX November natural gas settled at $3.22 per million British thermal units, gasoline at $3.2952 a gallon and heating oil at $4.7384 a gallon.

TREE NEWS reports: Shanghai Futures Exchange crude oil futures for the 2611 contract closed the night session down 0.20% at 739.80 yuan per barrel. In the same session, Shanghai gold futures gained 1.05% and Shanghai silver futures rose 2.23%.

TREE NEWS update: US Treasury Secretary Scott Bessent will miss the International Monetary Fund’s annual meetings in Bangkok, Thailand. Treasury officials Brooke and Browne will attend in his place. No reason was given for the absence.

TREE NEWS update: The Panama Canal Authority said canal operations have largely returned to normal following an earthquake. The authority issued the update without specifying the magnitude of the quake, the extent of any disruption or the timing of the recovery. No further details on shipping traffic or damage were provided.

TREE NEWS reports: European Central Bank Governing Council member Martins Kazaks said 2.5% sits at the upper end of the range for the ECB’s neutral interest rate. Kazaks also said the European economy has been relatively resilient in the face of various shocks. The remarks concern the level at which ECB policy neither stimulates nor restrains the economy.

TREE NEWS reports: Bank of America’s October fund manager survey found the month-on-month drop in euro positioning was the largest on record, with strategists led by Ralf Preusser writing Friday that euro sentiment and positioning have fallen sharply back into bearish territory after turning bullish in September. Sterling positioning and sentiment remain near recent bearish levels. The survey ran Oct. 2-7 with 34 respondents.

TREE NEWS update: The U.S. Geological Survey reported a magnitude 7.6 earthquake centered 10 kilometers west-southwest of Pitaloza Arriba, Panama. The agency gave no immediate details on depth, casualties or damage. No tsunami warning or further advisories were included in the initial bulletin.

TREE NEWS update: Canada, Denmark, Germany, France, Italy, Japan, the Netherlands and the UK issued a joint statement on the 9th expressing regret and strong opposition to US sanctions on the International Criminal Court, reaffirming support for the court’s independence and impartiality. US Secretary of State Marco Rubio announced the sanctions the same day, and the ICC said the measures aim to disrupt its work and intimidate its cooperators, adding it will not yield to US pressure.

TREE NEWS update: A magnitude 8.0 earthquake struck 14 km southwest of Pitalosa Arriba, Panama, the US Geological Survey said. Germany’s GFZ put the quake at magnitude 6.97. The Pacific Tsunami Warning Center warned the earthquake could trigger dangerous and widespread tsunami waves.

TREE NEWS update: Katie Zacharia has been selected as the new White House press secretary, the appointment was announced. Zacharia takes over the top communications role at the White House, which serves as the primary public-facing voice for the administration. No further details on the timing of her assumption of duties or her predecessor were provided.

TREE NEWS update: The US National Hurricane Center says tropical storm conditions have begun along the northern Gulf Coast, and residents should complete preparations within the next few hours to protect against life-threatening storm surge and damaging winds. The advisory urges those in the affected area to finish safeguarding people and property before conditions worsen.

TREE NEWS reports: US municipal bond yields recorded their largest intraday increase in more than a year. The move marks the sharpest single-session rise for the $4 trillion muni market since at least 2024, reflecting a broad repricing of tax-exempt debt. No specific catalyst for the jump was cited in the data.

TREE NEWS reports: Speculative net long positions in ICE Brent crude fell by 3,250 contracts in the week to October 6, dropping to 201,052 lots. That marks the lowest level in more than two months.

TREE NEWS update: Palestine’s presidential office formally instructed its foreign ministry and UN mission to request an emergency UN Security Council meeting, Palestinian official media reported on October 9. The office said recent attacks by Jewish settlers and the Israeli military on Palestinian cities, villages and refugee camps have escalated sharply, and called for international intervention and protection for Palestinians.

TREE NEWS update: UAE Attorney-General Hamad al-Shamsi said the investigation into Dubai Aviation flight FZ1073 shows the co-pilot intended to crash the aircraft into a terminal at Tel Aviv’s Ben Gurion International Airport in a suicide attack. The suspect, a 29-year-old Omani national, planned the attack in advance and used two earlier flights to Tel Aviv to study the route and airport before attempting it on a third flight on September 30. Investigators say he embraced extremist ideology while studying in Australia in 2017, inspired by the September 11 attacks.