Queue up again now to sailang all my belongings to buy at @0.045
and then keep it for another round of good news out then to take profits again …

Bought at @0.045 and Managed to sold all at @0.055 to make a handsome profits of 22%

If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel
Published: April 12, 2024 at 1:22 p.m. ET
By Myra P. Saefong

https://www.marketwatch.com/amp/story/if-iran-attacks-israel-middle-east-turmoil-could-lift-oil-past-100-a-barrel-fd76ea09

Oil prices could rise by $15 a barrel if all of Iran’s output is interrupted: analyst

Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have led to a rally in prices — so far to the highest intraday levels in six months. If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow.
“Nobody wants to be short heading into the weekend,” said Manish Raj, managing director at Velandera Energy Partners. “If the conflicts escalate over the weekend, short sellers will lose their shirts when they wake up on Monday.”

What’s happened
An April 1 airstrike on Iran’s consulate in Syria, which Tehran has attributed to Israel, killed seven Iranian military officers and prompted a vow of retaliation from Tehran.

Since the start of the war in Gaza in early October, there has been a rise in clashes between Israel and Iran-backed Hezbollah militants based in Lebanon. Hamas, which governs Gaza and launched the Oct. 7 attack on southern Israel, is also backed by Iran.
News reports have said that an Iranian attack on Israel is believed to be imminent, with the Wall Street Journal reporting the possibility of an attack as soon as Friday or Saturday.
The U.S. Embassy in Jerusalem issued a travel advisory on Thursday, warning U.S. citizens in Israel against travel outside of major cities such as Tel Aviv.

John Kirby, the Biden White House’s adviser for national-security communications, told reporters Friday that the administration is “certainly mindful of a very public, and what we consider to be a very credible, threat made by Iran in terms of potential attacks on Israel,” and that it was watching developments “very, very, very closely.”
Oil rally
Prices for oil have climbed so far this month alongside the rising tensions in the Middle East, with U.S. benchmark crude futures trading 5% higher and global benchmark Brent crude gaining closer to 6%.
In Friday dealings, May West Texas Intermediate crude CL.1 CLK24 was up 76 cents, or 0.9%, to trade at $85.78 a barrel on the New York Mercantile Exchange after trading as high as $87.67, while June Brent crude BRN00 BRNM24 climbed 90 cents, or 1%, to $90.64 on ICE Futures Europe following a high at $92.18. Both touched their highest intraday levels since October.

If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel
Published: April 12, 2024 at 1:22 p.m. ET
By Myra P. Saefong

https://www.marketwatch.com/amp/story/if-iran-attacks-israel-middle-east-turmoil-could-lift-oil-past-100-a-barrel-fd76ea09

Oil prices could rise by $15 a barrel if all of Iran’s output is interrupted: analyst

Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have led to a rally in prices — so far to the highest intraday levels in six months. If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow.
“Nobody wants to be short heading into the weekend,” said Manish Raj, managing director at Velandera Energy Partners. “If the conflicts escalate over the weekend, short sellers will lose their shirts when they wake up on Monday.”

What’s happened
An April 1 airstrike on Iran’s consulate in Syria, which Tehran has attributed to Israel, killed seven Iranian military officers and prompted a vow of retaliation from Tehran.

Since the start of the war in Gaza in early October, there has been a rise in clashes between Israel and Iran-backed Hezbollah militants based in Lebanon. Hamas, which governs Gaza and launched the Oct. 7 attack on southern Israel, is also backed by Iran.
News reports have said that an Iranian attack on Israel is believed to be imminent, with the Wall Street Journal reporting the possibility of an attack as soon as Friday or Saturday.
The U.S. Embassy in Jerusalem issued a travel advisory on Thursday, warning U.S. citizens in Israel against travel outside of major cities such as Tel Aviv.

John Kirby, the Biden White House’s adviser for national-security communications, told reporters Friday that the administration is “certainly mindful of a very public, and what we consider to be a very credible, threat made by Iran in terms of potential attacks on Israel,” and that it was watching developments “very, very, very closely.”
Oil rally
Prices for oil have climbed so far this month alongside the rising tensions in the Middle East, with U.S. benchmark crude futures trading 5% higher and global benchmark Brent crude gaining closer to 6%.
In Friday dealings, May West Texas Intermediate crude CL.1 CLK24 was up 76 cents, or 0.9%, to trade at $85.78 a barrel on the New York Mercantile Exchange after trading as high as $87.67, while June Brent crude BRN00 BRNM24 climbed 90 cents, or 1%, to $90.64 on ICE Futures Europe following a high at $92.18. Both touched their highest intraday levels since October.

If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel
Published: April 12, 2024 at 1:22 p.m. ET
By Myra P. Saefong

https://www.marketwatch.com/amp/story/if-iran-attacks-israel-middle-east-turmoil-could-lift-oil-past-100-a-barrel-fd76ea09

Oil prices could rise by $15 a barrel if all of Iran’s output is interrupted: analyst

Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have led to a rally in prices — so far to the highest intraday levels in six months. If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow.
“Nobody wants to be short heading into the weekend,” said Manish Raj, managing director at Velandera Energy Partners. “If the conflicts escalate over the weekend, short sellers will lose their shirts when they wake up on Monday.”

What’s happened
An April 1 airstrike on Iran’s consulate in Syria, which Tehran has attributed to Israel, killed seven Iranian military officers and prompted a vow of retaliation from Tehran.

Since the start of the war in Gaza in early October, there has been a rise in clashes between Israel and Iran-backed Hezbollah militants based in Lebanon. Hamas, which governs Gaza and launched the Oct. 7 attack on southern Israel, is also backed by Iran.
News reports have said that an Iranian attack on Israel is believed to be imminent, with the Wall Street Journal reporting the possibility of an attack as soon as Friday or Saturday.
The U.S. Embassy in Jerusalem issued a travel advisory on Thursday, warning U.S. citizens in Israel against travel outside of major cities such as Tel Aviv.

John Kirby, the Biden White House’s adviser for national-security communications, told reporters Friday that the administration is “certainly mindful of a very public, and what we consider to be a very credible, threat made by Iran in terms of potential attacks on Israel,” and that it was watching developments “very, very, very closely.”
Oil rally
Prices for oil have climbed so far this month alongside the rising tensions in the Middle East, with U.S. benchmark crude futures trading 5% higher and global benchmark Brent crude gaining closer to 6%.
In Friday dealings, May West Texas Intermediate crude CL.1 CLK24 was up 76 cents, or 0.9%, to trade at $85.78 a barrel on the New York Mercantile Exchange after trading as high as $87.67, while June Brent crude BRN00 BRNM24 climbed 90 cents, or 1%, to $90.64 on ICE Futures Europe following a high at $92.18. Both touched their highest intraday levels since October.

If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel
Published: April 12, 2024 at 1:22 p.m. ET
By Myra P. Saefong

https://www.marketwatch.com/amp/story/if-iran-attacks-israel-middle-east-turmoil-could-lift-oil-past-100-a-barrel-fd76ea09

Oil prices could rise by $15 a barrel if all of Iran’s output is interrupted: analyst

Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have led to a rally in prices — so far to the highest intraday levels in six months. If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow.
“Nobody wants to be short heading into the weekend,” said Manish Raj, managing director at Velandera Energy Partners. “If the conflicts escalate over the weekend, short sellers will lose their shirts when they wake up on Monday.”

What’s happened
An April 1 airstrike on Iran’s consulate in Syria, which Tehran has attributed to Israel, killed seven Iranian military officers and prompted a vow of retaliation from Tehran.

Since the start of the war in Gaza in early October, there has been a rise in clashes between Israel and Iran-backed Hezbollah militants based in Lebanon. Hamas, which governs Gaza and launched the Oct. 7 attack on southern Israel, is also backed by Iran.
News reports have said that an Iranian attack on Israel is believed to be imminent, with the Wall Street Journal reporting the possibility of an attack as soon as Friday or Saturday.
The U.S. Embassy in Jerusalem issued a travel advisory on Thursday, warning U.S. citizens in Israel against travel outside of major cities such as Tel Aviv.

John Kirby, the Biden White House’s adviser for national-security communications, told reporters Friday that the administration is “certainly mindful of a very public, and what we consider to be a very credible, threat made by Iran in terms of potential attacks on Israel,” and that it was watching developments “very, very, very closely.”
Oil rally
Prices for oil have climbed so far this month alongside the rising tensions in the Middle East, with U.S. benchmark crude futures trading 5% higher and global benchmark Brent crude gaining closer to 6%.
In Friday dealings, May West Texas Intermediate crude CL.1 CLK24 was up 76 cents, or 0.9%, to trade at $85.78 a barrel on the New York Mercantile Exchange after trading as high as $87.67, while June Brent crude BRN00 BRNM24 climbed 90 cents, or 1%, to $90.64 on ICE Futures Europe following a high at $92.18. Both touched their highest intraday levels since October.

Wow, oil price was super bull !
Now Brent already at=>
$85.42 +1.39 +1.65 %

Wow, oil price was super bull !
Now Brent already at=>
$85.42 +1.39 +1.65 %

Wow, oil price was super bull !
Now Brent already at=>
$85.42 +1.39 +1.65 %

Wow, oil price was super bull !
Now Brent already at=>
$85.42 +1.39 +1.65 %

Wow, oil price was super bull !
Now Brent already at=>
$85.42 +$1.39 +1.65 %

Wow, oil price was super bull !
Now Brent already at=>
$85.42 +$1.39 +1.65 %

Wow, oil price was super bull !
Now Brent already at=>
$85.42 +$1.39 +1.65 %

Wow, oil price was super bull !
Now Brent already at=>
$85.42 +$1.39 +1.65 %

Wow, oil price was super bull !
Now Brent already at=>
$85.42 +$1.39 +1.65 %

Wow, oil price was super bull !
Now Brent already at=>
$85.42 +$1.39 +1.65 %

Wow, oil price was super bull !
Now Brent already at=>
$85.42 +1.39 +1.65 %

Superb good news…
XOX withdraw it’s additional listing application !

So no more issue new shares, it’s limited shares will be grabbed like hot cake liao !

Since the XOX-WC was expired and no more listed, so it’s the time now for XOX to give free warrants XOX-WD to it’s die hard supporters as a rewards now !
Come on, please announce
the listing of free warrants XOX-WD now !

Announcement details

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3417608

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XOX BHD ("XOX" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 20 June 2023 in relation to the Proposals, where applicable, unless stated otherwise or defined herein.)
 
Reference is made to the earlier announcements dated 20 June 2023 and 8 August 2023.
 
On behalf of XOX, TA Securities wishes to announce that the Board has resolved to abort the Proposed Private Placement, after taking into consideration, among others, recent developments in the business plans and funding objectives of the Group. Accordingly, an application has been submitted to Bursa Securities on even date for the withdrawal of the relevant additional listing application.
 
This announcement is dated 26 January 2024.

Sailang all my belongings till underwear to buy-in Tanco at @0.34

Good123, there is a Chinese Proverbs=>
平生不做亏心事,半夜不怕鬼敲门

Means=>Don’t do anything bad in your life, and no need to be afraid of ghosts knocking on your door in the middle of the night if you didn’t do any bad thing

So if you’re doing the bad thing or a lot of bad things then you should worry about it the Karma coz you might go to hell to meet Yan Lor Wang and be punished in the 18 level of hell !

Yes, it means that all the ‘Short’ have to closed position and compulsory to ‘Forced Buy’ back to the level when the time’Short Selling’ was done that time…
So, XOX’s price sure will gone up soon !

Tommorrow will have a very very bright future for XOXTECH and other penny stocks already ! 

Cheers to all of you guys who is investing in penny stocks !

Tommorrow will have a very very bright future for XOXNET and other penny stocks already ! 

Cheers to all of you guys who is investing in penny stocks !

This guy goreng by do ‘Short’ in many penny stocks…
I think he Sailang everything from all his belongings few years ago till now still couldn’t get the result he is wanting and he need to pay debts and interest to what he is Shorting and so make him over stress till sleep can’t breath 
and die !
This is so called ‘Karma’ !

This guy goreng by do ‘Short’ in many penny stocks…
I think he Sailang everything from all his belongings few years ago till now still couldn’t get the result he is wanting and he need to pay debts and interest to what he is Shorting and so make him over stress till sleep can’t breath 
and die !
This is so called ‘Karma’ !

https://www.sinchew.com.my/news/20231216/nation/5201846

Tommorrow will have a very very bright future for XOX stocks and other penny stocks already !
Cheers to all of you guys who is investing in penny stocks !

This guy goreng by do ‘Short’ in many penny stocks…
I think he Sailang everything from all his belongings few years ago till now still couldn’t get the result he is wanting and he need to pay debts and interest to what he is Shorting and so make him over stress till sleep can’t breath
and die !
This is so called ‘Karma’ !

Sapnrg is now to apply extension for another 6 months from Bursa to submit its regulation plan !
https://www.sinchew.com.my/news/20231030/finance/5094314

Hurrey, Hibiscus just grabbed a new contract from UK's NSTA for 2 new O&G plots !
https://www.sinchew.com.my/news/20231030/finance/5094326

KNM is now to apply extension for another one year from Bursa to submit its regulation plan,
so, from now till next year September 2024 , it's price might plunged again till as low at one to three cents,
then maybe if the next white horse team same like the German team who want to take over again KNM by held again the EGM, then it's price might spike up again to the price around @0.18 then you maybe can unloaded again for another round of hugh profits !
Cheers to all of you guys !

科恩马申请延后1年呈重组
https://www.sinchew.com.my/news/20231030/finance/5094315

Guys, have you all been off loaded with hugh profits at @0.18 recently ?
If yes, then congrats to you all !

Sailang all my belongings till underwear to buy-in Armada at @0.54

Top up more MKland at @0.23

Top up more IWCity at @0.57

Sailang all my belongings till underwear to buy-in KNM at @0.09

Sailang all my belongings till underwear to buy-in Capitala at @0.81

Top up more Lionind at @0.32

Top up more Ekovest at @0.45

Top up more Ekovest at @0.47

Hurrey, super damn hot man Alrich today ! 

Now Alrich already at
0.045 (+0.015) (+50.0 %)

Top up more IWCity at @0.615

Oil jumps 2% as hospital blast increases Middle East tensions
By Arathy Somasekhar and Muyu Xu
October 18, 20232:16 PM

https://www.reuters.com/business/energy/oil-prices-jump-2-supply-worries-after-large-us-stock-drawdown-2023-10-18/

Oct 18 (Reuters) - Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.
Brent crude futures advanced $1.75, or 2%, to $91.65 a barrel at 0609 GMT. West Texas Intermediate crude (WTI) futures were up $1.91, or 2.2%, at $88.57 a barrel.
In earlier trade, both benchmarks gained more than $2 to touch their highest levels in two weeks.

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.
"The cancellation of a summit between Biden and Arab leaders reduces the likelihood of a diplomatic solution to the Israel Hamas conflict," Vivek Dhar, an analyst at Commonwealth Bank of Australia, said in a client note.
Markets are nervous about a threatened Israeli ground offensive in Gaza.
"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," Dhar said.
Biden is set to visit Israel on Wednesday to show support for the country in its war with Islamist militant group Hamas. The White House said he will make clear he does not want the conflict to expand.

Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. That was much steeper than a 300,000 barrel draw that analysts had forecast.
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.
China's official 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.
But analysts sounded cautious on China's economic growth as the real estate sector remains a drag.
"The September data likely guarantee that China will hit its 'around 5%' growth target this year. That said, it will struggle to better it. The economic recovery is still in its infancy," Moody's Analytics economist Harry Murphy Cruise said in a note.

Meanwhile, U.S. retail sales increased more than expected in September, spurring expectations of another interest rate hike by the Federal Reserve by year-end. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand.
Venezuela's government and its political opposition on Tuesday agreed to electoral guarantees for 2024 presidential elections, paving the way for possible U.S. sanctions relief that could eventually boost oil supplies.

Oil jumps 2% as hospital blast increases Middle East tensions
By Arathy Somasekhar and Muyu Xu
October 18, 20232:16 PM

https://www.reuters.com/business/energy/oil-prices-jump-2-supply-worries-after-large-us-stock-drawdown-2023-10-18/

Oct 18 (Reuters) - Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.
Brent crude futures advanced $1.75, or 2%, to $91.65 a barrel at 0609 GMT. West Texas Intermediate crude (WTI) futures were up $1.91, or 2.2%, at $88.57 a barrel.
In earlier trade, both benchmarks gained more than $2 to touch their highest levels in two weeks.

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.
"The cancellation of a summit between Biden and Arab leaders reduces the likelihood of a diplomatic solution to the Israel Hamas conflict," Vivek Dhar, an analyst at Commonwealth Bank of Australia, said in a client note.
Markets are nervous about a threatened Israeli ground offensive in Gaza.
"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," Dhar said.
Biden is set to visit Israel on Wednesday to show support for the country in its war with Islamist militant group Hamas. The White House said he will make clear he does not want the conflict to expand.

Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. That was much steeper than a 300,000 barrel draw that analysts had forecast.
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.
China's official 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.
But analysts sounded cautious on China's economic growth as the real estate sector remains a drag.
"The September data likely guarantee that China will hit its 'around 5%' growth target this year. That said, it will struggle to better it. The economic recovery is still in its infancy," Moody's Analytics economist Harry Murphy Cruise said in a note.

Meanwhile, U.S. retail sales increased more than expected in September, spurring expectations of another interest rate hike by the Federal Reserve by year-end. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand.
Venezuela's government and its political opposition on Tuesday agreed to electoral guarantees for 2024 presidential elections, paving the way for possible U.S. sanctions relief that could eventually boost oil supplies.

Oil jumps 2% as hospital blast increases Middle East tensions
By Arathy Somasekhar and Muyu Xu
October 18, 20232:16 PM

https://www.reuters.com/business/energy/oil-prices-jump-2-supply-worries-after-large-us-stock-drawdown-2023-10-18/

Oct 18 (Reuters) - Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.
Brent crude futures advanced $1.75, or 2%, to $91.65 a barrel at 0609 GMT. West Texas Intermediate crude (WTI) futures were up $1.91, or 2.2%, at $88.57 a barrel.
In earlier trade, both benchmarks gained more than $2 to touch their highest levels in two weeks.

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.
"The cancellation of a summit between Biden and Arab leaders reduces the likelihood of a diplomatic solution to the Israel Hamas conflict," Vivek Dhar, an analyst at Commonwealth Bank of Australia, said in a client note.
Markets are nervous about a threatened Israeli ground offensive in Gaza.
"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," Dhar said.
Biden is set to visit Israel on Wednesday to show support for the country in its war with Islamist militant group Hamas. The White House said he will make clear he does not want the conflict to expand.

Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. That was much steeper than a 300,000 barrel draw that analysts had forecast.
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.
China's official 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.
But analysts sounded cautious on China's economic growth as the real estate sector remains a drag.
"The September data likely guarantee that China will hit its 'around 5%' growth target this year. That said, it will struggle to better it. The economic recovery is still in its infancy," Moody's Analytics economist Harry Murphy Cruise said in a note.

Meanwhile, U.S. retail sales increased more than expected in September, spurring expectations of another interest rate hike by the Federal Reserve by year-end. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand.
Venezuela's government and its political opposition on Tuesday agreed to electoral guarantees for 2024 presidential elections, paving the way for possible U.S. sanctions relief that could eventually boost oil supplies.

Oil jumps 2% as hospital blast increases Middle East tensions
By Arathy Somasekhar and Muyu Xu
October 18, 20232:16 PM

https://www.reuters.com/business/energy/oil-prices-jump-2-supply-worries-after-large-us-stock-drawdown-2023-10-18/

Oct 18 (Reuters) - Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.
Brent crude futures advanced $1.75, or 2%, to $91.65 a barrel at 0609 GMT. West Texas Intermediate crude (WTI) futures were up $1.91, or 2.2%, at $88.57 a barrel.
In earlier trade, both benchmarks gained more than $2 to touch their highest levels in two weeks.

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.
"The cancellation of a summit between Biden and Arab leaders reduces the likelihood of a diplomatic solution to the Israel Hamas conflict," Vivek Dhar, an analyst at Commonwealth Bank of Australia, said in a client note.
Markets are nervous about a threatened Israeli ground offensive in Gaza.
"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," Dhar said.
Biden is set to visit Israel on Wednesday to show support for the country in its war with Islamist militant group Hamas. The White House said he will make clear he does not want the conflict to expand.

Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. That was much steeper than a 300,000 barrel draw that analysts had forecast.
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.
China's official 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.
But analysts sounded cautious on China's economic growth as the real estate sector remains a drag.
"The September data likely guarantee that China will hit its 'around 5%' growth target this year. That said, it will struggle to better it. The economic recovery is still in its infancy," Moody's Analytics economist Harry Murphy Cruise said in a note.

Meanwhile, U.S. retail sales increased more than expected in September, spurring expectations of another interest rate hike by the Federal Reserve by year-end. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand.
Venezuela's government and its political opposition on Tuesday agreed to electoral guarantees for 2024 presidential elections, paving the way for possible U.S. sanctions relief that could eventually boost oil supplies.

Oil jumps 2% as hospital blast increases Middle East tensions
By Arathy Somasekhar and Muyu Xu
October 18, 20232:16 PM

https://www.reuters.com/business/energy/oil-prices-jump-2-supply-worries-after-large-us-stock-drawdown-2023-10-18/

Oct 18 (Reuters) - Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.
Brent crude futures advanced $1.75, or 2%, to $91.65 a barrel at 0609 GMT. West Texas Intermediate crude (WTI) futures were up $1.91, or 2.2%, at $88.57 a barrel.
In earlier trade, both benchmarks gained more than $2 to touch their highest levels in two weeks.

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.
"The cancellation of a summit between Biden and Arab leaders reduces the likelihood of a diplomatic solution to the Israel Hamas conflict," Vivek Dhar, an analyst at Commonwealth Bank of Australia, said in a client note.
Markets are nervous about a threatened Israeli ground offensive in Gaza.
"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," Dhar said.
Biden is set to visit Israel on Wednesday to show support for the country in its war with Islamist militant group Hamas. The White House said he will make clear he does not want the conflict to expand.

Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. That was much steeper than a 300,000 barrel draw that analysts had forecast.
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.
China's official 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.
But analysts sounded cautious on China's economic growth as the real estate sector remains a drag.
"The September data likely guarantee that China will hit its 'around 5%' growth target this year. That said, it will struggle to better it. The economic recovery is still in its infancy," Moody's Analytics economist Harry Murphy Cruise said in a note.

Meanwhile, U.S. retail sales increased more than expected in September, spurring expectations of another interest rate hike by the Federal Reserve by year-end. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand.
Venezuela's government and its political opposition on Tuesday agreed to electoral guarantees for 2024 presidential elections, paving the way for possible U.S. sanctions relief that could eventually boost oil supplies.

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