Newsflash

The API crude oil inventory data for the week ending October 23 will be released in ten minutes.

US President Trump: (Regarding Iran) Short-term pain for long-term gains. You'll soon be saying, "What's wrong with gasoline? It's so cheap!"

US President Trump reiterated that oil is flowing out of the Strait of Hormuz.

[International oil prices fell on the 27th] As of the close of trading that day, the price of light sweet crude oil futures for December delivery on the New York Mercantile Exchange fell by $1.86 to settle at $99.90 per barrel, a drop of 1.83%; the price of Brent crude oil futures for December delivery on the London ICE Futures Exchange fell by $1.93 to settle at $113.88 per barrel, a drop of 1.67%.

The US dollar index, which measures the dollar against six major currencies, rose 0.35% on the 27th, closing at 102.319 in late trading. At the close of New York trading, the euro was worth $1.1135, down from $1.1183 the previous day; the pound sterling was worth $1.3313, down from $1.3350. The dollar was worth 157.95 yen, up from 157.43 yen; 0.8287 Swiss francs, up from 0.8273 Swiss francs; 1.4052 Canadian dollars, up from 1.4020 Canadian dollars; and 9.9489 Swedish krona, down from 9.9510 Swedish krona.

According to the Washington Post: US President Trump will announce a relaxation of regulations related to methane leaks by oil companies.

According to the Financial Times, sources say the US and Russia are discussing bringing US energy companies back into the Russian market into the peace talks in Ukraine, including restoring US oil giants’ involvement in Russian Far East oil and gas projects and resuming Russian oil sales to Europe through the Friendship pipeline.

Hang Seng Index futures closed up 0.29% at 23,093 points in overnight trading, a premium of 52 points.

Brent crude oil futures settled at $113.88 a barrel, down $1.93, or 1.67%.

U.S. crude oil futures settled at $99.90 a barrel, down $1.86, or 1.83%.

On Tuesday, October 27th, the Shanghai Gold Exchange's gold T+D contract closed up 1.11% at 870.94 yuan/gram; the Shanghai Gold Exchange's silver T+D contract closed up 1.33% at 13082.0 yuan/kilogram on the same day.

U.S. Energy Secretary Wright: The United States is increasing its liquefied natural gas exports.

Peruvian copper miner Antamina issued a statement saying it is implementing a "precautionary shutdown" following a fatal accident at one of its facilities.

U.S. Energy Secretary Wright: Russia is currently unable to export diesel fuel.

U.S. Energy Secretary Wright: The flow of refined petroleum products in the Strait of Hormuz has increased.

U.S. Energy Secretary Wright: The deal with Constellation Energy will add 1.1 gigawatts of power.

U.S. Vice President Vance: I remember back then, you had to wait in line for hours to fill up at the gas station. And of course, gas prices skyrocketed, all because of something happening somewhere in the world, in some countries whose names I couldn't even pronounce.

U.S. Vice President Vance: I understand that gasoline prices are high.

WTI crude oil futures fell 2.00% on the day, currently trading at $99.72 per barrel.

Canada and the United Arab Emirates signed an energy cooperation agreement.