European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
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Oil prices drifted lower in Asian trading on Wednesday as rising U.S. crude inventories and anticipation surrounding upcoming U.S. sanctions on major Russian oil companies added pressure to the market. Brent oil futures for January eased 0.4% to $64.61 per barrel, while West Texas Intermediate (WTI) crude also slipped 0.4% to $60.51. The slight pullback followed a more than 1% jump on Tuesday after Russia’s Novorossiysk port resumed oil loadings following a two-day shutdown caused by a Ukrainian attack.
Fresh data from the American Petroleum Institute indicated a significant build in U.S. crude stockpiles, with inventories rising by 4.4 million barrels for the week ending November 18—more than triple the previous week’s increase. Early signals suggested that gasoline and distillate inventories may have climbed as well, reinforcing concerns of an emerging supply overhang heading into early 2026. Analysts noted that while production remains elevated globally, demand growth may not keep pace, potentially leaving the market oversupplied. ING analysts described the report as “relatively bearish” but emphasized that traders are now awaiting the U.S. Energy Information Administration’s official inventory figures, which are often more influential in market movements.
At the same time, traders are closely watching the impending U.S. sanctions on Russia’s Rosneft and Lukoil, set to take effect on November 21. These measures will restrict access to U.S.-dollar financing and limit transactions with the companies, raising concerns about potential disruptions to Russian diesel and crude supply. Analysts noted that fears over tightening Russian supply—amplified by Ukrainian attacks on Russian refineries—continue to support market sentiment despite the broader bearish inventory data.
Adding a geopolitical twist, an Axios report suggested that the Trump administration has been quietly coordinating with Moscow on a proposal to end the war in Ukraine. Any diplomatic breakthrough could reshape global oil supply expectations, reduce the geopolitical risk premium, and potentially weigh on crude prices in the months ahead.
