Oil futures were mixed in early Asian trade. Traders are waiting for more information on Israelβs targets for a strike against Iran, keeping a floor under oil prices, TD Securities said.
The U.S. Energy Information Administration in its latest Short Term Energy Outlook estimated that national gasoline prices will average $3.20 a gallon in 2025, down from $3.30 this year and $3.50 in 2023.
U.S. natural gas futures clawed back some of last weekβs losses while participants remain anxious about demand heading toward the winter heating season.
Plain-vanilla Treasury bonds are now pricey, but there are corners of fixed-income market where investors may be able to get a bit more yield and even capital appreciation.
Municipal bonds should benefit from Fed rate cuts and offer compelling value as increased supply has caused their prices to cheapen, Principal Asset Management said.
Front-month gold futures closed at a record-high, rising 0.4% to $2,723.10 an ounce, as open interest in precious metals jumped 9% in the week ended Oct. 18.
Oil extended gains after Israeli strikes on Lebanon. Prices were are also supported by Saudi Aramcoβs CEO reportedly saying he is fairly bullish on China demand in light of stepped-up policy measures.