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Refined Product Strength Drives Oil Prices Higher; Cocoa Market Eases on Improved Supply
The oil market rallied yesterday, boosted by the strength of the refined products market

The oil market rallied yesterday, boosted by the strength of the refined products market

The oil market came under some pressure this morning after reports of a potential breakthrough on the Middle East peace deal. Higher oil inventory in the US further added to the pressure on oil prices

The oil market opened higher in the early trading session today following a modest output hike from OPEC+ for November 2025. Meanwhile, gold continued its rally to new record highs amid the prolonged US shutdown



