Daily Oil Fundamentals

Geopolitical thermometer remained turned on in October

02 Nov 2026

Geopolitical thermometer remained turned on in October

The recency effect, which leads people to place disproportionate weight on recent events, may make it seem as though global equities were in freefall last month. After all, the tech-heavy Nasdaq Composite Index lost about $2 trillion in value (-5.3%) over the course of the month, as investors grew increasingly doubtful that AI spending would ultimately deliver healthy returns.

Daily Oil Fundamentals

Stubborn Inflation, Unconvincing Peace Prospects

30 Oct 2026

Stubborn Inflation, Unconvincing Peace Prospects

It is open to interpretation why the Fed did not touch interest rates just days before the midterm elections. What appears certain is that it will be tempted to raise them at the next FOMC meeting. The pivotal headline and core PCE readings came in line with expectations, at 3.6% and 3.1%, respectively.

Daily Oil Fundamentals

Rates, Results and Requests

29 Oct 2026

Rates, Results and Requests

There were little surprises from the US Fed Chair, Kevin Warsh, at the post-decision press conference after the FOMC kept interest rates unchanged. Warsh danced around questions that might lead to any other interest rate hikes, instead pointing out that the very short-term will be laden with information for them to base any decisions, which all but enforces his previous stance where he saw a future Fed not compelled to advertise its forward planning.

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