Intermoney | For the US administration, retail energy prices will be a cause for concern. The national average price of diesel has already exceeded $5 per gallon, the highest level since 2022. If Washington’s diplomatic initiative bears fruit (it has presented a fifteen-point peace plan to Tehran via mediators), crude oil futures could experience a sharp fall, although such a decline may not be permanent given the underlying supply strain…

Link Securities | As reported yesterday by Dow Jones, the International Energy Agency (IEA) raised its oil demand growth forecast for 2024, but slightly cut estimates for next year, citing the impact of China’s economic slowdown on consumption. The IEA now estimates that global demand will grow by 921,000 barrels per day (bpd) in 2024 from the 862,000 bpd previously estimated, largely due to higher-than-expected diesel deliveries in OECD countries….

BancaMarch | On the first day of the week, the Brent benchmark rose 2.7% to $75.1/barrel in light of the cartel’s announcement to delay the increase in production for the second consecutive month. For its part, the yellow metal remained unchanged on the eve of the US elections. With a cumulative increase of 32.7% in the year, gold is positioned as one of the main winners in the midst of…