US crude oil inventories unexpectedly fell by 3.2 million barrels due to higher refinery use and exports, while Hurricane Isaias shut down about 25% of Gulf of Mexico production, tightening supply. Meanwhile, tanker attacks near the Strait of Hormuz have reduced crude flows by 27%, raising concerns over further supply disruptions. Natural gas supply is also temporarily impacted by the hurricane, but strong US LNG exports and European demand support the market. Technical analysis shows WTI crude testing resistance near $90.62 with a slightly positive outlook, while Brent crude is bullish above $98.71, eyeing $103.89 and higher levels if resistance breaks.
Natural gas and oil prices are in focus as of Oct 08, 2026 13:31 WIB. For readers following the energy sector, here is Pluang's market snapshot: out of 38 priced US energy stocks, 22 rose and 12 fell today. Notable movers include PBR at USD 24.22 with a 1-day change of +0.96% and 84% buy orders, RUN at USD 7.54 down 0.92%, and EQNR at USD 41.98 up 0.89% but with 100% sell orders. The most notable figure is PBR's strong buy order activity at 84%.
Dimensional Fund Advisors Ltd. has publicly disclosed holding a 1.28% ownership stake in Prologis Inc, amounting to 12,123,997 shares as of October 7, 2026. This disclosure is made under Rule 8.3 of the Takeover Code, indicating significant interest ...
QAIX, a Quantum Computing & AI Alliance based in Manhattan, has opened its global membership program offering companies and tech leaders access to a global network, office spaces in major cities including New York, and resources from NVIDIA and IBM. ...
FLSmidth secured a DKK 360 million contract to supply advanced crushing and grinding equipment for a copper mine expansion in Northern Chile. The order includes the world's largest gyratory crusher, a large SAG mill, and three ball mills, with instal...
On October 8, 2026, Michelin repurchased 202,417 of its own ordinary shares at a weighted average price of €32.33 per share through over-the-counter transactions. The shares bought back are intended for cancellation, which can reduce the total number...
On October 8, 2026, Michelin executed a share buyback, purchasing 202,417 ordinary shares at a weighted average price of €32.33 per share. The shares were acquired through over-the-counter transactions involving several financial institutions and are...
