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Breaking Posted 3 hours ago

Oil Inventories Fall One Billion Barrels as Hormuz Disruption Persists

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ADNOC CEO reports global crude inventories have drained nearly one billion barrels since Strait of Hormuz disruptions began, signalling sustained supply tightness. Oil prices remain supported; energy cost pressures now central to BOC rate decisions alongside ECB and BOJ. Macklem speaks 03 Nov and 05 Nov—traders watch for Canadian inflation-energy feedback loop.
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3 minutes ago

Vessel struck near Strait of Hormuz; shipping risk elevated

A vessel was hit by an unknown projectile near the Strait of Hormuz approach on November 1, the second strike in the area this week. The incident follows claimed IRGC attacks, raising energy-supply disruption risk. Oil and energy-linked currencies—CAD, NOK, RUB—face volatility; traders monitor whether regional escalation threatens crude transit.

https://x.com/sentdefender/status/2117349271561269355
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@nsg_usd · 2 hours ago

This is a heavy drop. What's the hope of this disruption getting stabilized, because it's really straining economies.

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