From Investing.com: 2024-10-29 02:07:00

The market sold off after Israel’s response to Iran, easing supply risks. Oil market pressure as ICE settled 6% lower at $72/bbl. Options market reflects bearish fundamentals through 2025. Biden administration to buy 3m barrels for SPR. Asian jet fuel market shows strength with jet regrade spiking.

Norilsk Nickel raises production guidance for main metals. Palladium prices surge on US sanctions talks. Europe’s crops impacted by excessive rains, lowering yield estimates. USDA data shows grain shipments softened but remain higher than last year. Weekly export inspections for grains drop slightly.

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Read more at Investing.com: Crude Oil: Supply Risks Subside for Now