$RUN

(Reuters) - U.S. stocks opened lower on Tuesday after a strong run of gains in November as investors remained cautious ahead of Federal Reserve officials' comments that could offer some clues on the interest rate path. The Dow Jones Industrial Average fell 1.34 points at the open to 35,332.13. The S&P 500 opened lower by 4.88 points, or 0.11%, at 4,545.55, while the Nasdaq Composite dropped 16.39 points, or 0.12%, to 14,224.63 at the opening bell.

S&P 500 (SPX) recorded the fourth consecutive weekly close last week, ultimately closing at the highest level since July. It also marks the longest weekly run since June. The benchmark U.S. stock market index is now testing key resistance near 4560, which is shaped by the trend line that connects the record high and 2023 high. Similarly, the Dow Jones Industrial Average (DJI) added 1.3% to also hit the downward trend line that connects recent swing highs. On the other hand, the Nasdaq Composite Index (IXIC) rose 0.9% but still managed to secure a weekly close above the key trendline, which will now provide support if the pullback occurs. Looking forward to this week, the Consumer Confidence report is out on Tuesday. On Wednesday, the Q3 GDP reading is expected to be released. A set of inflation-focused data is set to be out on Thursday, including personal income data for October. Manufacturing PMI and ISM manufacturing data is scheduled for Friday. Fed’s speakers, including Governor Waller and Presidents Goolsbee and Mester, are all scheduled to speak this week. On the earnings front, the most notable reporters include Zscaler (NASDAQ:ZS), Intuit (NASDAQ:INTU), Workday (NASDAQ:WDAY), Crowdstrike (CRWD), Salesforce (NYSE:CRM), and Snowflake (NYSE:SNOW). The list also includes Dollar Tree (NASDAQ:DLTR), Dell Technologies (NYSE:DELL), Marvel (MRVL), Kroger (NYSE:KR), Ulta Beauty (NASDAQ:ULTA), and UiPath (NYSE:PATH). What analysts are saying about US stocks Analysts at Oppenheimer: “Our feel is that bearish investors that largely missed S&P 500 gains in 2023 are gravitating towards the Russell 2000 in belief there’s greater potential in lagging benchmarks—we disagree. We maintain our preference for the S&P 500 given its weighting to Technology.” Analysts at BofA: “We expect CTA buying in the S&P 500 [this] week as the index has gained greater than 1% in each of the last four weeks turning its trend strength positive for the first time since early October. Our model initiated a long position [the] past week that will rapidly increase along any price path [this] week.” Analysts at Citi: “More S&P 500 companies are expected to positively contribute to index-level growth, fewer are projected to be significant detractors, and underlying EPS growth variation is set to decline… Ultimately, it supports our view that S&P 500 EPS can turn higher even as macro concerns linger.” Analysts at BTIG: “The Short-term Volatility Index (VIX9D) closed below 10 last week, the lowest reading since Jan. 2020. Volatility is a funny thing because it is often mean reverting, unless we are in a new regime… While we continue to expect some rotation into laggards, we don't think we are in a new regime and therefore as we head into December, a sub-13 VIX is likely a yellow light.” Analysts at Roth MKM: “As we enter the last few trading days of November, we find the S&P 500 could put in its best monthly gains of the year. Seasonal tailwinds often blow into December. The question becomes, can the indices hold their ground into year-end… We found when discretionary experienced an extremely strong November, similar to this month, positive returns were likely to follow in December.”

...... We will be starting Armageddon Afterburner trades most likely this Monday or Tuesday . Is a minimum average of 30 wining signals a month with a max of 40 after taking losses into account . That would be about 10% profit a month at 0.25% profit or risk per entry . All entries happen at 6am or 10am AST . How about we just run it at 0.5% per entry , that is 1% profit , everyday .

We will be starting Armageddon Afterburner trades most likely this Monday or Tuesday . Is a minimum average of 30 wining signals a month with a max of 40 after taking losses into account . That would be about 10% profit a month at 0.25% profit or risk per entry . All entries happen at 6am or 10am AST . How about we just run it at 0.5% per entry , that is 1% profit , everyday .

Investing.com -- U.S. stocks edged higher in subdued trading Monday, at the start of a holiday-shortened week that includes the release of minutes from the Federal Reserve's latest meeting as well as earnings from new tech favorite Nvidia. By 09:30 ET (14:30 GMT), the Dow Jones Industrial Average traded 35 points, or 0.1%, higher, S&P 500 gained 8 points, or 0.2%, and Nasdaq Composite climbed 65 points, or 0.5%. Fed minutes loom large With the focus very much on what the policymakers at the U.S. central bank are going to do next with interest rates, the minutes from its Oct. 31-Nov. 1 meeting on Tuesday, a day earlier than usual, due to this week’s Thanksgiving holiday, will be in the spotlight. Traders have nearly fully priced in the likelihood that the Fed will keep interest rates unchanged in December, with odds increasing that the next move will be a cut, likely by the start of summer next year. Microsoft gains on Altman link The quarterly corporate earnings season has largely run its course, but there is still one more of the Magnificent Seven megacap companies, whose massive share gains this year have led equity indexes higher, left to report. Chip designer Nvidia (NASDAQ:NVDA) is due on Tuesday, and its results will be followed closely given it has become a focal point of this year's surge in enthusiasm over generative artificial intelligence. Elsewhere, Microsoft (NASDAQ:MSFT) stock rose 1.6% after its decision to employ Sam Altman to lead a new advanced artificial intelligence research team, just days after he was forced out as CEO of OpenAI. Reuters reported that OpenAI's staff has threatened to quit the artificial intelligence startup and join former Altman unless the board resigns. Citigroup (NYSE:C) stock rose 0.3% after CEO Jane Fraser announced a series of management changes, according to a memo to staff. Oil rises on hopes of further output cuts Oil prices rose Monday, extending recent gains following reports that a group of major producers may discuss deeper output cuts when they meet later this month. By 09:30 ET, the U.S. crude futures traded 1.9% higher at $77.49 a barrel, while the Brent contract climbed 1.9% to $82.12 a barrel. Crude gained 4% on Friday and has continued to rise Monday after Reuters reported, citing sources, that the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, is set to consider whether to make additional oil supply cuts to shore up prices when it meets on Nov. 26. OPEC+ has already pledged total oil output cuts of 5.16 million barrels per day, or about 5% of daily global demand, in a series of steps that started in late 2022. Additionally, gold futures fell 0.7% to $1,970.90/oz, while EUR/USD traded 0.3% higher at 1.0936. (Oliver Gray contributed to this item.)

$GRWG on a big run this week.

Investing.com -- U.S. stocks edged higher on Wednesday, setting the indexes on a path to extend their longest winning streak in two years. At 09:37 ET (13:37 GMT), the Dow Jones Industrial Average was up 51 points or 0.1%, while the S&P 500 was up 0.1% and the NASDAQ Composite was up 0.1%. Investors on sidelined ahead of Powell’s speech The main indexes on Wall Street have been on a strong run of late, with last week's surprisingly soft jobs data adding to expectations that interest rates had peaked. The benchmark S&P and tech-heavy Nasdaq notched their seventh and eighth straight day of gains on Tuesday, respectively, in the longest winning streak for both indices since 2021. The 30-stock Dow also posted its seventh consecutive positive day. However, Fed commentary this week has tended to warn against complacency in the fight against inflation, and this brings Fed chief Jerome Powell into focus. Powell appeared at the Federal Reserve's Division of Research and Statistics centennial conference this morning, and investors were hoping for more clues on how long monetary policy could stay restrictive. But Powell didn't address monetary or economic policy issues. He is, however, scheduled to appear on Thursday on another conference panel. Walt Disney earnings due The quarterly earnings season remains a key focus for investors, with around 80% of the S&P 500 companies that have reported having beaten earnings estimates this season, while only 59% have also topped revenue expectations, according to data from LSEG. Warner Bros Discovery (NASDAQ:WBD) reported revenue that was inline with expectations and global subscribers fell 700,000. Shares fell more than 13%. Roblox Corp (NYSE:RBLX) beat expectations, with a 20% jump in bookings and daily active users. Shares rose 18%. Walt Disney (NYSE:DIS) is also due to report its latest quarterly results, this time after the bell. CEO Bob Iger likely to face questions over his strategy to revitalize the structure of the entertainment giant, which has been hit by weakness at its traditional television offerings and lackluster growth at its streaming services. Oil sinks on large U.S. inventories build Oil prices retreated Wednesday falling near three-month lows, after a surprise surge in U.S. crude inventories raised concerns about slowing demand at the world’s largest consumer. Data from the American Petroleum Institute, an industry body, showed that U.S. crude inventories surged almost 12 million barrels last week, much more than expectations for a draw of 300,000 barrels. The official weekly data from the U.S. Energy Information Administration has been delayed until the week of Nov. 13. (Peter Nurse and Oliver Gray contributed to this item.)

By Shadia Nasralla LONDON (Reuters) -Oil prices hit fresh 2-1/2-month lows on Tuesday as mixed economic data from China offset the impact of Saudi Arabia and Russia extending output cuts. Brent crude futures were down $1.45, or 1.7%, to $83.73 a barrel as of 1242 GMT while U.S. West Texas Intermediate crude was at $79.58 a barrel, down $1.24, or 1.53%. Both hit their lowest levels since late August. The premium on front-month loading Brent contracts over ones loading in six months' time was also at a 2-1/2-month low, indicating market participants are less concerned with current supply deficits. While China's crude oil imports in October showed robust growth both year on year and month on month, its total exports contracted at a quicker pace than expected. Expectations of crude run reductions by China-based refiners between November and December could also limit oil demand and exacerbate price declines. World shares, which often trade in tandem with oil, lost steam on Tuesday as investor enthusiasm about a peak in global interest rates faded. In addition, the U.S. dollar has ticked up from recent lows, making oil more expensive for holders of other currencies. [MKTS/GLOB] On the supply side, markets are waiting to see if Saudi Arabia and Russia are ready to rein in production voluntarily beyond the end of the year in addition to a broader deal among the OPEC+ producer group. "Looking ahead to 2024, Saudi Arabia will probably find it difficult to withdraw its production cuts at the end of this year – after all, any expansion of Saudi Arabian oil production would risk generating an oversupply in the first half of next year," Commerzbank (ETR:CBKG) said in a note. API industry data on U.S. crude stockpiles is expected after 2000 GMT on Tuesday. [API/S]

gut zu wissen, aber ATH muss nicht, 50% vom ATH würde mir reichen 🤪 aber ich werde den mal im Auge behalten, halt dann nicht ganz so lange halten > @lueley said: sorry, gestern erst gesehen. Ich schaue heute im Stream mal drauf. allerdings muss ich sagen, das ich GRT nicht mehr wirklich mag. Hab letzte Woche auf nem Telekom Krypto Event den Community Chef von GRT kennengelernt. Auf meine Frage, was der GRT Token eigentlich für eine Utility hat, hat er nach kurzem rumdrucksen selbst zugegeben: "Keine". - ALso klar kann das DIng steigen wenn der Gesamtmarkt zieht und als Trade natürlich nehmbar, aber als Invest für den Run werde ich das Ding nicht halten. mMn sehr sehr unwahrscheinlich, dass der nochmal in Richtung seines ATHs läuft

sorry, gestern erst gesehen. Ich schaue heute im Stream mal drauf. allerdings muss ich sagen, das ich GRT nicht mehr wirklich mag. Hab letzte Woche auf nem Telekom Krypto Event den Community Chef von GRT kennengelernt. Auf meine Frage, was der GRT Token eigentlich für eine Utility hat, hat er nach kurzem rumdrucksen selbst zugegeben: "Keine". - ALso klar kann das DIng steigen wenn der Gesamtmarkt zieht und als Trade natürlich nehmbar, aber als Invest für den Run werde ich das Ding nicht halten. mMn sehr sehr unwahrscheinlich, dass der nochmal in Richtung seines ATHs läuft > @Flaterixx said: huhu @lueley könntest du mal einen Blick auf GRT werfen?! sieht für mich auch gut aus im Tages- und Wochenchart. Was sagst du?

that quite big dollars in $ENVX well out the money in a very short time frame, I might buy some of that tomorrow if it doesn't run away from me

https://www.reuters.com/markets/rates-bonds/ecb-hold-rates-may-discuss-quicker-bond-portfolio-run-off-2023-10-25/

how do you do that nav ! > @Navneet said: $snap I think this time it will run

$snap I think this time it will run

By Natalie Grover LONDON (Reuters) -Global oil benchmark Brent hit $93 a barrel on Wednesday as the risk of escalating conflict in the Middle East threatened to disrupt oil supplies from the region, with Iran calling for an oil embargo to be imposed on Israel. Brent crude futures were up $1.33, or about 1.5%, to $91.23 a barrel at 1231 GMT. West Texas Intermediate crude (WTI) futures were up $1.28, or roughly 1.5%, at $87.94 a barrel. Both benchmarks gained more than $3 to touch their highest levels in two weeks earlier in the session. Markets factored in risk premiums after hundreds of Palestinians were killed in a blast at a Gaza City hospital on Tuesday that Israeli and Palestinian officials blamed on each other. Jordan then cancelled a summit it was to host with U.S. President Joe Biden and Egyptian and Palestinian leaders. Biden arrived in Israel on Wednesday pledging solidarity in its war against Hamas, and backing its account that the Gaza hospital blast had been caused by militants. "This turn of diplomatic fortunes again garners fear of conflict spread and therefore the leap in oil," said John Evans of oil broker PVM. Elsewhere in the Saudi city of Jeddah, Iranian Foreign Minister Hossein Amirabdollahian urged members of the Organisation of Islamic Cooperation to impose an oil embargo on Israel. OPEC+ is not planning to take any immediate action on Iran's call, two sources from the producer group told Reuters. "A long occupation looms as the scenario that pushes Brent oil futures above $US100/bbl because it raises the risk that the Israel Hamas conflict expands and potentially draws in Iran directly," added Vivek Dhar, an analyst at Commonwealth Bank of Australia (OTC:CMWAY). Geopolitical tensions aside, other drivers are also supporting oil prices. U.S. crude stocks fell by a much-steeper-than-expected 4.4 million barrels in the week ended Oct. 13, compared to the forecast of a 300,000 barrel fall, according to market sources citing American Petroleum Institute figures on Tuesday. [API/S] Official U.S. government data is due later on Wednesday. On the demand side, China's economy grew faster-than- expected in the third quarter, official data on Wednesday showed, suggesting a recent flurry of policy measures is helping to bolster a tentative recovery. Data also showed that the country's oil refinery throughput in September hit a record daily rate, up 12% from a year earlier, as refiners increased run rates to cater for strong demand for transport fuel over the Golden Week holiday and improving manufacturing activity. But analysts sounded caution on China's economy, with the country's real estate sector still in peril. "The economic recovery is still in its infancy," Moody's (NYSE:MCO) Analytics economist Harry Murphy Cruise said. Meanwhile, higher-than-expected September U.S. retail sales spurred expectations of another interest rate hike by year-end. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand.

By Tom Westbrook SINGAPORE (Reuters) - Asian currencies caught a boost from better-than-expected Chinese economic data on Wednesday, driving the yuan to a one-week high and putting a dampener on the U.S. dollar. A blast at a Gaza hospital, however, kept moves modest and traders on edge at the prospect of a widening conflict. U.S. President Joe Biden is due to visit Israel on Wednesday. The shekel was pinned to the weaker side of 4 to the dollar. Official data showed China's economy grew 1.3% in the third quarter, accelerating from 0.5% in the previous quarter and topping market forecasts for an increase of 1%. Industrial output rose and unemployment fell. "It pretty much means the growth target for this year of around 5% will be achieved, maybe slightly above," said UOB economist Woei Chen Ho in Singapore. The yuan and trade-dependent Australian and New Zealand dollars all bounced. The Aussie was last up 0.2% at $0.6378. The kiwi rose by the same margin to $0.5909. The yuan hit a one-week high of 7.2905 per dollar, though it then retreated to 7.306. On Tuesday, U.S. yields had shot sharply higher after data showed retail sales increased strongly, which had helped the dollar pile pressure on the low-yielding Japanese yen. The yen was last at 149.68 to the dollar and was squeezed, as the Bank of Japan unexpectedly announced $2 billion in bond-buying to keep downward pressure on yields. Elsewhere the dollar struggled to gain, which some analysts suggested could point to a loss of momentum. The benchmark 10-year Treasury yield has climbed about 100 basis points since mid July, and the dollar index is up 7% in the same period. "It's had a really good run and it's stalled a bit," said Westpac analyst Imre Speizer. "Maybe it's hitting the limits of this stage of the rally, and needs a bit of a correction." The euro gained 0.1% overnight and was steady at $1.0574 in Asia. Sterling held at $1.2170. ======================================================== Currency bid prices at 0516 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0579 $1.0576 +0.02% +0.00% +1.0579 +1.0561 Dollar/Yen 149.6600 149.7900 -0.08% +0.00% +149.7900 +149.5500 Euro/Yen 158.34 158.44 -0.06% +0.00% +158.4500 +158.1500 Dollar/Swiss 0.8989 0.9005 -0.16% +0.00% +0.9009 +0.8988 Sterling/Dollar 1.2182 1.2184 -0.01% +0.00% +1.2184 +1.2160 Dollar/Canadian 1.3634 1.3648 -0.10% +0.00% +1.3658 +1.3632 Aussie/Dollar 0.6380 0.6366 +0.21% +0.00% +0.6382 +0.6352 NZ Dollar/Dollar 0.5907 0.5897 +0.17% +0.00% +0.5911 +0.5880 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ

$LXRX it has already run a bit butgood news and insider buying , recent Price target of $10

Investing.com -- U.S. stocks turned lower after consumer prices for September came in slightly higher than expected, following the trend set by producer prices earlier this week. At 9:49 ET (13:49 GMT), the Dow Jones Industrial Average was down 27 points or 0.1%, while the S&P 500 was down 0.1% and the NASDAQ Composite was down 0.1%. Consumer prices edge higher U.S. consumer prices rose slightly more than expected in September, with the monthly figure rising 0.4%, instead of the expected 0.3%, but this still represented a drop from the prior month's 0.6% rise. On an annual basis, the CPI stayed unchanged at 3.7%. The widely-watched core number, which strips out volatile items like food and energy, came is as expected at 0.3% on the month, and showed a drop to 4.1% annually from 4.3% the previous month. While the headline figure was slightly higher than expected, there had been some concern about upside potential given producer prices came in stronger than expected on Wednesday. Fed minutes point to future caution The main indices on Wall Street closed higher Wednesday, helped in part by the minutes from the Fed's September meeting, which showed that officials were keen to take a cautious approach to further hikes to interest rates. The 30-stock Dow ended Monday 65 points, or 0.2%, higher, the benchmark S&P gained 0.4%, while the tech-heavy Nasdaq closed up 0.7%. Fed policymakers agreed to "proceed carefully" on upcoming interest rate decisions, minutes from their September meeting showed. Importantly, however, these views were recorded prior to a recent spike in Treasury yields, and Fed officials have since suggested that this increase could be seen as a form of tightening, lessening the need for more rate hikes. This view was voiced Wednesday by Fed Governor Christopher Waller, traditionally a rate hawk, who posited that the run-up in yields may have in effect done "some of the work" of tightening financial conditions for policymakers. Delta Air Lines reports quarterly earnings The new quarterly corporate earnings season begins to kick into gear, Delta Air Lines (NYSE:DAL) is in the spotlight after the carrier reported a jump in profit of almost 60% thanks to a strong summer. However, the airline also trimmed its full-year profit outlook, citing higher fuel costs. Delta shares were flat. Walgreens Boots Alliance (NASDAQ:WBA) fell short of profit expectations but beat on revenue for the quarter. Shares were up 1.2%. Domino’s Pizza (NYSE:DPZ) beat on profit expectations but fell slightly short on revenue. Shares rose 3%. Crude rises after IEA lifts 2023 demand forecast Oil prices rose Thursday, helped by the decision of the International Energy Agency to lift its demand forecast for this year to 2.3 million barrels a day from a prior forecast of 2.2 million, even after the sharp rise in prices. The Paris-based organization did cut its 2024 demand growth to 880,000 barrels per day, compared with its previous forecast of 1 million barrels. The market had fallen around 2% during the previous session after indications of a hefty rise in U.S. crude stocks last week raised concerns about demand at the largest consumer in the world. U.S. crude oil stockpiles swelled by just under 13 million barrels, according to data from the industry body American Petroleum Institute, which, if confirmed by the official numbers from the Energy Information Administration later in the session, would be the largest weekly crude stockpile build in eight months. (Oliver Gray contributed to this item.)

By Anna Tong, Max A. Cherney, Christopher Bing and Stephen Nellis SAN FRANCISCO/WASHINGTON (Reuters) - OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far as evaluating a potential acquisition target, according to people familiar with the company’s plans. The company has not yet decided to move ahead, according to recent internal discussions described to Reuters. However, since at least last year it discussed various options to solve the shortage of expensive AI chips that OpenAI relies on, according to people familiar with the matter. These options have included building its own AI chip, working more closely with other chipmakers including Nvidia (NASDAQ:NVDA) and also diversifying its suppliers beyond Nvidia. OpenAI declined to comment. CEO Sam Altman has made the acquisition of more AI chips a top priority for the company. He has publicly complained about the scarcity of graphics processing units, a market dominated by Nvidia, which controls more than 80% of the global market for the chips best suited to run AI applications. The effort to get more chips is tied to two major concerns Altman has identified: a shortage of the advanced processors that power OpenAI's software and the “eye-watering” costs associated with running the hardware necessary to power its efforts and products. Since 2020, OpenAI has developed its generative artificial intelligence technologies on a massive supercomputer constructed by Microsoft (NASDAQ:MSFT), one of its largest backers, that uses 10,000 of Nvidia's graphics processing units (GPUs). Running ChatGPT is very expensive for the company. Each query costs roughly 4 cents, according to an analysis from Bernstein analyst Stacy Rasgon. If ChatGPT queries grow to a tenth the scale of Google search, it would require roughly $48.1 billion worth of GPUs initially and about $16 billion worth of chips a year to keep operational. CUSTOM CHIPS ERA An effort to develop its own AI chips would put OpenAI among a small group of large tech players such as Alphabet’s (NASDAQ:GOOGL) Google and Amazon.com (NASDAQ:AMZN) that have sought to take control over designing the chips that are fundamental to their businesses. It is not clear whether OpenAI will move ahead with a plan to build a custom chip. Doing so would be a major strategic initiative and a heavy investment that could amount to hundreds of millions of dollars a year in costs, according to industry veterans. Even if OpenAI committed resources to the task it would not guarantee success. An acquisition of a chip company could speed the process of building OpenAI’s own chip - as it did for Amazon.com and its acquisition of Annapurna Labs in 2015. OpenAI had considered the path to the point where it performed due diligence on a potential acquisition target, according to one of the people familiar with its plans. The identity of the company OpenAI examined purchasing could not be learned. Even if OpenAI goes ahead with plans for a custom chip - including an acquisition - the effort is likely to take several years leaving the company dependent on commercial providers like Nvidia and Advanced Micro Devices (NASDAQ:AMD) in the meantime. Some big tech companies have been building their own processors for years with limited results. Meta's custom chip effort has been beset with issues, leading the company to scrap some of its AI chips, according to a Reuters report. The Facebook (NASDAQ:META) owner is now working on a newer chip that will span all types of AI work. OpenAI's main backer, Microsoft, is also developing a custom AI chip that OpenAI is testing, The Information has reported. The plans could signal further distancing between the two companies. Demand for specialized AI chips has soared since the launch of ChatGPT last year. Specific chips, or AI accelerators, are necessary to train and run the latest generative AI technology. Nvidia is one of the few chipmakers that produces useful AI chips and dominates the market.

when did I say I thought that > @Navneet said: it's at 314 level now. you think it will run 16$ move bro that's a lot

it's at 314 level now. you think it will run 16$ move bro that's a lot

https://www.tradingview.com/#matic #luetrade, blauer Bereich muss weg, dann chance auf run in Richtung 70 cent" onerror="this.style.display='none'" class="msg-img" />

epic > @Snowcow said: what a run

By Emily Chow SINGAPORE (Reuters) -Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global supply outweighed fears that further U.S. interest rate hikes could dent demand, but they were still headed for their first weekly loss in four weeks. Brent futures climbed 46 cents, or 0.5%, to $93.76 a barrel by 0630 GMT, while U.S. West Texas Intermediate crude (WTI) futures gained 65 cents, or 0.7%, to $90.28 a barrel. Both benchmarks were on track for a small weekly drop after gaining more than 10% in the previous three weeks amid concerns about tight global supply as the Organization of the Petroleum Exporting Countries and allies (OPEC+) maintain production cuts. "Trading remained choppy amid a tug-of-war between supply fears that were reinforced by a Russian ban on fuel exports and worries over slower demand due to tighter monetary policies in the United States and Europe," said Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd. "Going forward, investors will focus on whether the OPEC+ production cuts are being implemented as promised and whether the rise in interest rates will reduce demand," he said, predicting WTI to trade in a range of around $90-$95. Russia temporarily banned exports of gasoline and diesel to all countries outside a circle of four ex-Soviet states with immediate effect to stabilise the domestic fuel market, the government said on Thursday. The shortfall, which will force Russia's fuel buyers to shop elsewhere, caused heating oil futures to rise by nearly 5% on Thursday. "Crude oil bounced off a session low after Russia banned diesel exports, which included gasoline. The action reversed a downside movement in crude markets following the hawkish Fed decision," said Tina Teng, an analyst at CMC Markets (LON:CMCX), in a note. "However, mounting fears of a recession in the Eurozone could continue pressuring oil prices." The U.S. Federal Reserve on Wednesday maintained interest rates, but stiffened its hawkish stance, projecting a quarter-percentage-point increase to 5.50%-5.75% by year-end. That buoyed fears that higher rates could dampen economic growth and fuel demand while boosting the U.S. dollar to its highest since early March, making oil and other commodities more expensive for buyers using other currencies. The Bank of England mirrored the Fed and held interest rates on Thursday after a long run of hikes, but said it was not taking a recent fall in inflation for granted. A European Central Bank (ECB) governing council member said the central bank will most likely keep interest rates stable at its next policy meeting.

Investing.com -- Oil prices rose Thursday, rebounding from the previous session’s sharp losses in the wake of the U.S. Federal Reserve signaling interest rates would stay higher for longer than previously expected. By 09:35 ET (13:35 GMT), the U.S. crude futures traded 1.5% higher at $90.97 a barrel, while the Brent contract climbed 1.1% to $94.58. BOE and SNB pause tightening cycles Confidence has returned to the market Thursday following the news that both the Bank of England and the Swiss National Bank decided to keep interest rates unchanged at their policy-setting meetings. The BOE halted a run of 14th consecutive increases, starting in December 2021, and the SNB ended its run of five consecutive increases since it began lifting rates out of negative territory in June 2022. This raised hope that the era of monetary tightening in Europe may be coming to an end, potentially lifting economic activity and thus crude demand. Hawkish Fed stance hit market This contrasted with the tone on Wednesday after the U.S. Federal Reserve projected another quarter-percentage-point increase by year-end, while signaling that it will take longer than expected to start easing. This stance, it is feared, may dampen economic growth and overall fuel demand, while also leading to the U.S. dollar surging to its highest since early March, making oil and other commodities more expensive for buyers using other currencies. Both benchmarks fell sharply then, but remain not far away from 10-month highs and on course for a fourth consecutive winning week given the continuous concerns on tight supply globally entering the fourth quarter. Supply to remain tight Production cuts from the Organization of the Petroleum Exporting Countries and allies are set to continue until the end of the year, while data from the U.S. Energy Information Administration, in its monthly drilling productivity report earlier this week, showed U.S. oil production from top shale-producing regions was on track to fall for a third month in a row in October to the lowest level since May 2023. The EIA also reported on Wednesday that U.S. crude inventories fell just over 2 million barrels last week, less than the over 5 million barrels forecast by the industry body American Petroleum Institute on Tuesday, but still an indication that demand remains solid in the largest oil consumer in the world.