Oil prices remained firm despite a recovery in the US dollar, with concerns over Trump removing Powell easing. Supportive US macro data and drone attacks in Kurdistan boosted the market. Baghdad and Kurdistan reached a deal to resume oil exports, with the Kurdish region supplying SOMO with 230k b/d.

European gasoil market tightness continues, with ARA gasoil inventories at a low since January. Diesel shipments from East Asia to Europe have increased. OPEC+ supply increases will ease refinery margins and tighten middle distillate cracks.

US natural gas prices saw little change, with storage increasing by 46bcf, slightly above market expectations. European prices fell after initial rally due to improved flows from Norway. Cocoa prices slumped over 7% on weaker grindings in Europe, Asia, and North America. Declines signal weaker demand and a need for market balance.

Read more at Investing.com: Crude Oil: Drone Attacks Disrupt Kurdish Supply