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Spot gold and silver opened higher on Monday, currently trading at $3,997 per ounce and $54.17 per ounce, respectively.
Both WTI and Brent crude oil prices opened 1.2% lower on Monday. Reports indicate that Qatari mediators traveled to Tehran to coordinate efforts to de-escalate the regional situation.
A Slovakian government delegation has arrived in Moscow. The delegation is led by Julai Branal, the country's Minister of Foreign Affairs and European Affairs.
US President Trump: Russia didn't supply oil to us, but to the whole world, which is a very good thing.
US President Trump: The oil deal with Russia is a very good thing.
The Houthi rebels in Yemen have launched a series of military strikes against several major airports and energy infrastructure in Saudi Arabia, targeting Saudi Aramco's facilities in Yanbu, the Rabigh refinery, and international airports in Riyadh and Dammam.
Libya's Sirte Oil Corporation stated that after the Brega gas plant restarts, it will supply 60 million cubic feet of natural gas into the gas system instead of burning and venting it.
Saudi SABIC shares fell 2.4%.
Saudi Arabia's benchmark stock index fell as much as 3%.
Russian Deputy Prime Minister Novak: Russia is prepared to supply the United States with any amount of diesel fuel.
Iranian Ambassador to Pakistan: Iran's borders with all its neighbors remain open.
Chairman of Libya's National Oil Corporation: Libya has activated the Rashad gas field, with a maximum daily production capacity of 50 million cubic feet.
Saudi Arabia's benchmark stock index fell 2.3%.
Saudi Arabia's benchmark index fell 1.1% in early trading.
According to the Iranian news agency IRNA, several areas on Iran's Kish Island have been experiencing continuous power outages since last night. The outages are reportedly due to a technical malfunction at a power plant on the island. As a result, some local schools have announced closures.
Alexei Likhachev, CEO of Rosatom: Russia has completed maintenance work on the Zaporizhia thermal power plant.
[US Treasuries are being snapped up; is the market no longer most afraid of interest rate hikes?] The chain of events the market had become familiar with over the past eight months was completely disrupted this week! Oil prices are still surging, but yields and the dollar have both turned downwards, and gold failed to live up to the safe-haven script. Why has the safe haven changed this time? And what does this mean?
Many European countries have begun to implement winter time, which means that trading hours in European financial markets and the release of economic data will be delayed by one hour compared to summer time, with data being released ten minutes later.
Many European countries have begun to implement winter time, which means that trading hours in European financial markets and the release of economic data will be delayed by one hour compared to summer time, with data being released ten minutes later.
Riyadh Airport in Saudi Arabia announced that starting October 25, Terminal 1 will be used for domestic flights and Terminal 2 will be used for international flights.