US INTERIOR SECRETARY BURGUM: WILL SOLVE BUDGET DEFICIT WITH GROWTH -CNBC INTERVIEW
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FIRST LNG TRAIN AT QATAR'S NORTHFIELD EAST EXPANSION PROJECT IS READY TO START, FIRST GAS EXPECTED IN NOVEMBER, TWO SOURCES SAY
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🇨🇳CHINA WARNS EU IT HAS TOOLS READY IF TRADE TENSIONS ESCALATE

China warned it could deploy foreign-subsidy probes and anti-discrimination measures if trade tensions with the EU intensify, according to a CCTV-linked account.

The warning comes after France and Germany pushed for tougher EU measures against Chinese imports, including a proposed tool allowing Brussels to block imports benefiting from unfair subsidies.

Beijing says it can investigate foreign policies that distort competition or discriminate against Chinese companies.
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YIELD ON 10-YR U.S. TREASURY NOTES RISES TO HIGHEST SINCE 2002 AT 5.3496%
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SPOT SILVER FALLS OVER 3% TO $59.66/OZ
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SPOT GOLD EXTENDS LOSSES, LAST DOWN NEARLY 2% AT $4,081.01/OZ
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SPOT PLATINUM EXTENDS LOSSES, DOWN OVER 5% TO $1,614.27/OZ
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ATHA ENERGY CEO: "THE METAL ENDOWMENT OF THE ANGILAK URANIUM PROJECT IS WIDESPREAD AND HAS THE POTENTIAL TO BE CANADA'S NEXT URANIUM DISTRICT."
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EU ENERGY TASK FORCE TO HOLD CALL AT 16H00 CEST TO DISCUSS OIL, DIESEL STOCK RELEASES, EU COMMISSION SPOKESPERSON SAYS
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*KALSHI FILES PROPOSAL FOR NEVER-EXPIRING OIL CONTRACT WITH CFTC
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BTIG WARNS OF “BUYER EXHAUSTION” IN SPY

BTIG flags a potential buying-climax signal after SPY posted at least six consecutive gap-ups into a 52-week high, followed by a gap-down of more than 40bp.

The setup has occurred three times recently — July 2024, August 2025 and October 2025 — followed by immediate peak-to-trough declines of 9.7%, 3.0% and 5.4%, respectively.
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$SPCX - SPACEX SHARES FALL 1.5%; FT REPORTS CO SEEKING $40 BILLION FINANCING TO BUY NVIDIA CHIPS
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UK 30-YEAR GILT YIELDS RISE TO HIGHEST SINCE 1998 AT 6.034%, UP MORE THAN 12 BPS ON DAY
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UBS RAISES OIL PRICE FORECAST ON HORMUZ RISKS

UBS raised its December oil forecasts by $5 per barrel, citing declining inventories and escalating attacks in the Strait of Hormuz that have increased the geopolitical risk premium.

The bank now sees Brent at $100 and WTI at $96 by year-end.

UBS cautions the outlook remains highly uncertain, depending on the Middle East conflict and the pace of recovery in Gulf oil production.
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BREAKING: The US 10Y Note Yield rises above 5.35% for the first time in 24 years.

That brings the total move since the pre-Iran War low to +143 basis points.

Mortgage rates are at fresh 3-year highs. https://t.co/ExU5wbXCsI
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U.S. STOCKS EXTEND FALL, DOW JONES DOWN 1.00 PCT
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HEZBOLLAH RECEIVES $200 MILLION FROM IRAN FOR DISPLACED LEBANESE, FIRST SUCH SUPPORT OF WAR, TWO SOURCES SAY

IRANIAN FUNDS FOR HEZBOLLAH SENT VIA INTERMEDIARIES WHO CHARGE QUADRUPLE USUAL FEES BECAUSE OF HEIGHTENED RISK, SOURCE SAYS
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MARVELL TECHNOLOGIES CEO MATT MURPHY: IMPLIED DATA CENTER REVENUE COULD TOP $30 BILLION BY 2028 - CNBC
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IEA BACKS ACCELERATED RELEASE OF 100M BARRELS OF OIL STOCKS

IEA members backed accelerating previously pledged oil stock releases from March, with the remaining commitments potentially bringing around 100 million barrels to market.

Members also supported prioritizing diesel releases amid tight fuel markets.

The IEA says members still hold roughly 1.1 billion barrels in emergency reserves, including more than 200 million barrels of diesel.
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US MIDWEST GASOLINE STOCKS FELL IN LATEST WEEK TO RECORD LOW, EIA SAYS
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