Tracy Shuchart (𝒞𝒽𝒾 )

Russian strike hits oil refinery in Ukraine's Kremenchug - Defense Ministry Russian forces struck an oil refinery in Kremenchug in Ukraine's Poltava region producing fuel for the Ukrainian army's needs, the Russian Defense Ministry said in a statement on Tuesday. "An oil refinery in Kremenchug in the Poltava region [was hit]. It is a key facility of Ukraine's fuel and energy sector specializing in primary crude oil processing and producing fuel for the needs of the Ukrainian Armed Forces," the statement said. (Interfax)

Russian strike hits oil refinery in Ukraine's Kremenchug - Defense Ministry Russian forces struck an oil refinery in Kremenchug in Ukraine's Poltava region producing fuel for the Ukrainian army's needs, the Russian Defense Ministry said in a statement on Tuesday. "An oil refinery in Kremenchug in the Poltava region [was hit]. It is a key facility of Ukraine's fuel and energy sector specializing in primary crude oil processing and producing fuel for the needs of the Ukrainian Armed Forces," the statement said. (Interfax)

Not that any retail trader should be in the WTI October contract, but important to note that tomorrow is the last trading day for that contract.

Not that any retail trader should be in the WTI October contract, but important to note that tomorrow is the last trading day for that contract.

Cracks be like ...Im not buying any of this Nymex 321 crack $69.07 Brent ULSD crack $101.76 https://t.co/09IiLPZvpb

Cracks be like ...Im not buying any of this Nymex 321 crack $69.07 Brent USLD crack $101.76 https://t.co/dUUv23DTUr

Copper Climbs Toward Record High on Signs of Near-Term Tightness Copper extended gains — climbing back toward a record high set earlier this month — as stock markets rallied and there were signs of tightening supply conditions in China. In China, multiple copper refineries are due to undergo periods of planned maintenance between October and November, according to Shanghai Metals Markets, limiting a big increase in metal availability. There’s still uncertainty over the pace of imported supplies in China due to port congestion in Shanghai, according to SMM. (Bloomberg)

Russian ESPO oil price exceeds $120 per barrel Russia's ESPO Blend oil jumped ​above $120 per barrel for the first time since April, boosted by demand ‌from Chinese refiners as the U.S.-Israeli war on Iran disrupts Middle Eastern supplies, three traders said and Reuters calculations showed. US lawmakers on Thursday approved legislation allowing ⁠President Donald Trump to approve tariffs on Russian oil purchases as the US ​seeks to limit Russia's ability to finance the war in Ukraine. The measure could hamper Russian ​oil supplies to India and China, although many traders say it could lead to a further spike in oil prices, potentially boosting Russian earnings from oil. (Reuters)

Saudis Tell European Refiners They’ll Get No Crude Next Month Saudi Aramco told at least two oil refining customers in Europe that they will be allocated no crude oil next month after the kingdom’s key pipeline to the Red Sea was attacked, people informed of the decision said. European customers normally receive Saudi Arabian crude on so-called term contracts, ensuring a steady flow of supply every month. Those deliveries will not take place next month, the people said, asking not to be identified because the information isn’t public. The decision applies to all European buyers, they said. (Bloomberg)

Saudis Tell European Refiners They’ll Get No Crude Next Month Saudi Aramco told at least two oil refining customers in Europe that they will be allocated no crude oil next month after the kingdom’s key pipeline to the Red Sea was attacked, people informed of the decision said. European customers normally receive Saudi Arabian crude on so-called term contracts, ensuring a steady flow of supply every month. Those deliveries will not take place next month, the people said, asking not to be identified because the information isn’t public. The decision applies to all European buyers, they said. (Bloomberg)