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☆ Millennials on track to retire early are maxing out HSAs to supplement their savings. Here's who's eligible, and how you can use it to grow your money.
▼ + stars: | 2024-10-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

HSAs require enrollment in a high-deductible health plan, suitable for healthy individuals. After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. "I decided to get a high deductible health plan because I was young, healthy, and I didn't expect my medical expenses to be too high," she said. Brent Weiss, a certified financial planner, told BI that he invests his HSA money in a target-date fund: "I'm not getting fancy. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Grant and the Schlagbaums do.

Persons: —, Amberly Grant, Grant, she's maxed, Brennan, Erin Schlagbaum, HSAs, it's, it'll, Brent Weiss, I'm, you've Organizations: Service, IRA, IRS

☆ Trump complains to judge that Kamala Harris has used Jack Smith's evidence in ads
▼ + stars: | 2024-10-17 | by ( Natalie Musumeci | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Trump's lawyers argued in a court filing that evidence is being used in Kamala Harris ads. Trump's attorneys asked a judge to hold off on the release of documents until after the election. AdvertisementDonald Trump is fighting to delay another release of prosecutors' evidence in the 2020 election interference case against him. AdvertisementChutkan has previously admonished Trump's team for seemingly raising conspiracy theories in their arguments. Additionally, the court documents said that Trump replied, "So what?"

Persons: Donald Trump, Kamala Harris, —, Trump's, Jack Smith, Tanya Chutkan, Harris, Chutkan, Smith, Trump, Mike Pence, Pence, President's Organizations: Service, United States, Democratic, Trump, Politico, Business

☆ Oil inches up after surprise drop in U.S. crude stockpiles
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose in early Asian trade on Thursday, paring sharp losses over the past two sessions, after industry data showed an unexpected drop in U.S. crude stockpiles last week. It's coming, we know that but we don't know when," Sycamore said, adding that both factors bring upside risks for crude oil. In the U.S., crude oil and fuel stocks fell last week, market sources said, citing American Petroleum Institute figures on Wednesday, against expectations of a build-up in crude stockpiles. Crude stocks fell by 1.58 million barrels in the week ended Oct. 11, the sources said on condition of anonymity. Gasoline inventories fell by 5.93 million barrels, and distillate stocks fell by 2.67 million barrels, they said.

Persons: Tony Sycamore, Sycamore Organizations: Brent, U.S, West Texas, Organization of, Petroleum, International Energy Agency, China NPC, IG, Investors, American Petroleum Institute, Reuters, Energy Information Administration, U.S . Department of Energy, European Central Bank Locations: Almetyevsk, Tatarstan, Russia, Israel, Iran, China, Sydney, Beijing, U.S

☆ Oil steadies after sharp falls as Middle East uncertainty persists
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: +1 min

Oil rose in early Asian trade on Wednesday on continued uncertainty over conflict in the Middle East, after falling as much as $5 this week to the lowest levels since early October on demand concerns. Brent crude oil futures rose 24 cents, or 0.3%, to $74.49 a barrel by 0054 GMT. U.S. West Texas Intermediate crude futures dropped 27 cents, or 0.4%, to $70.85 per barrel. On the oil demand side, both the Organization of the Petroleum Exporting Countries and the International Energy Agency this week cut their forecasts for global oil demand growth in 2024, with China accounting for the bulk of the downgrades. Analysts polled by Reuters expected crude stockpiles rose by about 1.8 million barrels in the week to Oct. 11.

Persons: Brent Organizations: . West Texas, U.S, Organization of, Petroleum, International Energy Agency, Reuters Locations: Israel, Iran, Beirut, China

☆ Consumers are in for some relief: Lower energy prices are on the way
▼ + stars: | 2024-10-16 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +5 min

London CNN —For consumers still scarred by jumps in their energy bills in recent years, the International Energy Agency has good news: Oil and natural gas prices will probably be lower over the next five years. Energy prices soared in the wake of Russia’s full-scale invasion of Ukraine in February 2022, which followed a rise in global demand as economies reopened after Covid lockdowns put lives on hold. And that “would move us into a very different energy world from the one we have experienced in recent years during the global energy crisis,” he added in a statement accompanying the IEA’s latest World Energy Outlook report. But global oil output has been increasing, thanks mostly to producers in the United States and other countries in the Americas. The energy body reiterated its previous forecasts that demand for oil, natural gas and coal will peak by the end of the decade.

Persons: Covid lockdowns, Ukraine don’t, Fatih Birol, Birol, ” Birol, “ Organizations: London CNN, International Energy Agency, Energy, Brent, IEA, US, CNN, ” Locations: Ukraine, United States, Americas, Qatar

☆ U.S. crude prices fall more than 4% as Israel is not expected to strike Iran’s oil industry
▼ + stars: | 2024-10-15 | by ( Spencer Kimball | ) www.nbcnews.com time to read: +3 min

Year to date, U.S. crude oil has fallen more than 1%. But Croft warned of a spiral of escalation that could ultimately lead to an oil disruption. Israel could be holding the oil card in reserve until they see how Iran responds to their strike, she said. OPEC also has millions of barrels per day in spare capacity that could jump into the breach if there is a supply disruption. “They will want to see that there is a physical supply disruption before they really jump in front of this.”

Persons: Israel, Helima Croft, CNBC’s, Brent, Croft, ” Croft, “, ” Organizations: Biden, NBC News, RBC Capital Markets, West Texas Intermediate, Natural Gas, Israel, Global, International Energy Agency, IEA, OPEC Locations: Israel, Iran, Americas, U.S, Saudi Arabia

☆ Stock market today: Indexes fall from records as chip rout drags tech shares lower
▼ + stars: | 2024-10-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A sell-off in semiconductors pulled stock indexes away from record highs. The decline overshadowed better-than-expected bank earnings results. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Meanwhile, a report that the US is considering export caps on specific chip sales only added to investor concern, pulling the broader chip sector lower. AdvertisementThe rout took attention from Tuesday's bank sector performance, as Goldman Sachs, Bank of America, and Citigroup beat earnings estimates.

Persons: —, Goldman Sachs, Israel, Brent Organizations: Service, Nasdaq, Nvidia, Broadcom, Taiwan Semiconductor Manufacturing Company, Bank of America, Citigroup Locations: Dutch, Israel, Iran, Iranian

☆ Stock market today: Indexes trade mixed as investors sift through big bank earnings
▼ + stars: | 2024-10-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStocks were mixed Tuesday morning as traders assessed the latest earnings, though several results before the bell helped strike a positive tone in early trading. While earnings will be this week's focal point, investors will also watch for September's retail sales and initial jobless claims to release on Thursday. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Tuesday:AdvertisementHere's what else is going on:In commodities, bonds, and crypto:

Persons: —, Goldman Sachs, Wells Fargo, Brent, Adriana Kugler, Mary Daly Organizations: Service, Citigroup, Bank of America, Dow Jones, JPMorgan Locations: Israel, Here's

☆ Geopolitical fear premium for oil overdone, demand weakness in focus
▼ + stars: | 2024-10-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeopolitical fear premium for crude oil is overdone, market will focus on demand weakness soonVandana Hari of Vanda Insights sees $70/barrel for brent oil in the next few days or weeks

Persons: Vandana Hari, Vanda, brent Organizations: Vanda Insights

☆ Oil prices drop $2 on demand concerns, Israel comments
▼ + stars: | 2024-10-15 | by ( ) www.cnbc.com time to read: 1 min

Oil prices slid $2 in early Asian trade on Tuesday as OPEC lowered its outlook for global oil demand growth in 2024 and 2025 and a media report that Israel is willing to strike Iranian military and not nuclear or oil targets. Brent crude futures were down $2.11, or 2.7%, at $75.35 per barrel, while U.S. West Texas Intermediate crude futures fell $2.07, or 2.8%, to $73.76 per barrel as of 0045 GMT. Both benchmarks had settled about 2% lower on Monday. Israeli Prime Minister Benjamin Netanyahu told the U.S. that Israel is willing to strike Iranian military targets and not nuclear or oil ones, the report said.

Persons: Benjamin Netanyahu, Israel Organizations: Brent, U.S, West Texas Locations: Israel

☆ Oil prices fall by more than $1 on deflation worries in China
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing's economic stimulus plans stoked fears about demand. In the U.S. market, energy firms last week added oil and natural gas rigs for the first time in four weeks, according to a closely followed report by energy services firm Baker Hughes. The oil and gas rig count, an early indicator of future output, rose by one to 586 in the week to Oct. 11. The impact of Hurricane Milton boosted short-term demand in the U.S. as evacuations supported gasoline consumption, but weak demand dominated the fundamentals outlook. Oil major BP posted a $600 million drop in its third-quarter profit on Friday because of weak refining margins amid a slowdown in global oil use.

Persons: Tony Sycamore, Baker Hughes, Hurricane Milton Organizations: Brent, U.S . West Texas, National Bureau of Statistics, China Ministry of Finance Locations: U.S, China, Beijing, East, Florida, The U.S, Iran, Israel, Hurricane

☆ 5 reasons why inflation will be stickier than expected going forward, Deutsche Bank says
▼ + stars: | 2024-10-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Investors need to be wary as sticky inflation remains a risk, Deutsche Bank says. But it's not yet time for investors to relax, Deutsche Bank wrote on Monday. "If inflation does return, this could have very important implications for markets," Deutsche Bank strategists said. While that much is true, history shows that easing cycles are precisely the time to be cautious over inflation, Deutsche said. The firm cited the fact that in August, US M2 money supply rose 2.0% year-over-year, the highest growth rate since September 2022.

Persons: —, Brent, Deutsche Organizations: Deutsche Bank, Service, Federal Reserve, Deutsche, Atlanta Locations: China, Israel, Iran, Iranian

☆ Russia pitches trading centers in a widening plan to move away from the US-dominated global financial order
▼ + stars: | 2024-10-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Russia is proposing alternative payment systems and commodity centers. Challenges include entrenched dollar dominance and existing global trading systems' liquidity. Other than championing alternative payment systems based in non-dollar currencies, Russia is also pitching the set-up of centers for mutual trade in commodity resources. Moving BRICS trade to trading centers within the bloc would also involve the use of local currencies and facilitate a move away from using the dollar for trade, according to the document. Russia faces an uphill battle in changing the basics of dollar-dependent financial trading systems.

Persons: —, Yakov, Brent Organizations: Service, Russia's Finance Ministry, Partners, Tass, Chicago Mercantile Exchange, Grain, country's Agriculture Ministry, Brent, International Monetary Fund Locations: Russia, Moscow, Ukraine, Brazil, India, China, South Africa, Russian, Pakistan, Kazan, masse, Scotland

☆ Russia's oil trade is rising as record volumes of Russian crude are carried on 'dark fleet' vessels
▼ + stars: | 2024-10-14 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

According to Clearview Energy Partners, Russian crude prices over the last four weeks have averaged about six cents below the Brent crude price. Record volumes of sanctioned Russian oil were carried by the "dark fleet" and known sanctioned tankers without known insurance over September, according to a recent report from Lloyd's List. The Price Cap Coalition continues to engage with industry to ensure compliance with the price cap and to increase Putin's costs of going outside it." The increased use of dark fleet vessels comes with greater maritime safety and environmental risks. Insurance giant Allianz said in May that dark fleet tankers had been linked to more than 50 accidents.

Persons: Kevin Book, Vortexa, Avebury, Andy Lipow, Putin, Lipow Organizations: Windward, Clearview Energy Partners, CNBC, European Union, Brent, Intelligence, Iranian Tanker Co, U.S . Office, Foreign, Control, Lipow Oil Associates, Treasury, Kremlin, Coalition, Group, Insurance, Allianz Locations: Morocco, U.S, Ukraine, Australia, India, China, Russian, Barbados, Seychelles, UAE, Avebury Shipmanagement . Greece, Russia, United States, Iran, Israel, Straits, Hormuz, Canada, Guyana

☆ Texas routs Oklahoma in Red River Rivalry, but bigger tests remain
▼ + stars: | 2024-10-13 | by ( Andrew Greif | Andrew Greif Is A Freelance Sports Journalist. | ) www.nbcnews.com time to read: +3 min

Three plays into the annual Red River Rivalry, Texas Longhorns quarterback Quinn Ewers threw an interception. First-ranked and undefeated Texas was on its back foot against Oklahoma, the team the Longhorns were expected to beat handily. Gunnar Helm #85 of the Texas Longhorns dives for a touchdown during the second quarter against the Oklahoma Sooners at Cotton Bowl Stadium in Dallas on Saturday. Harder to discern is how much the Longhorns’ rout of Oklahoma revealed about the strength of Texas as a national-title contender. Life in Texas’ previous conference, the Big 12, meant that beating Oklahoma was the toughest hurdle to reaching the conference title game.

Persons: Dallas ’, Quinn Ewers, Gunnar Helm, Sam Hodde, Ewers, Quintrevion Wisner’s, Brent Venables, Michael Hawkins, that’s Organizations: Dallas, Dallas ’ Cotton, Texas, Oklahoma, Longhorns, Cotton, Texas Longhorns, Oklahoma Sooners, Cotton Bowl, Sooners, SEC, Bulldogs Locations: Dallas, Texas, Oklahoma, Michigan, Georgia

☆ U.S. crude oil on pace to eke out second weekly gain on Middle East war risk
▼ + stars: | 2024-10-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil on Friday was on pace to eek out its second weekly gain in a row as Israel prepares to retaliate against Iran. Oil prices have gained more than 10% through Thursday's close since Iran hit Israel with ballistic missiles last week. Here are Friday's energy prices:Israel's security cabinet met Thursday to discuss the country's response to Iran's attack, according to media reports. Traders have worried that Israel will hit Iran's oil industry, potentially triggering a cycle of escalation that causes a significant disruption of supplies in the Middle East. Croft warned, however, that the U.S. influence may have waned since April, when Israel's response to Iran's first missile and drone attack was relatively muted.

Persons: Natasha Kaneva, Morgan, Joe Biden, Benjamin Netanyahu, Biden, Israel, Helima Croft, Croft Organizations: Brent, Traders, RBC Capital Markets Locations: Iran, The U.S, Israel

☆ Oil eases though investors wary over potential Mideast supply disruption
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: +2 min

Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites. Brent crude oil futures fell 39 cents, or 0.5%, to $79.01 a barrel by 0152 GMT. "Oil prices are likely to hover around the current 200-day average levels, with the primary concern being whether Israel will retaliate against Iranian oil facilities," he said. Crude benchmarks spiked this month after Iran launched more than 180 missiles against Israel on Oct. 1, raising the prospect of retaliation against Iranian oil facilities. Israel has yet to respond, and crude benchmarks have eased and remained relatively flat through the week.

Persons: Hurricane Milton, Hiroyuki Kikukawa, Brent, WTI, Yoav Gallant Organizations: . West Texas, NS, Nissan Securities, Israeli, Hezbollah, Reuters, National Oil Corporation Locations: Norway, Brent, United States, Hurricane, Florida, Israel, Iran, Lebanon, Hamas, Gaza, Yemen, Beirut, Gulf, Washington

☆ Iran is threatening to break its fragile truce with Saudi Arabia: reports
▼ + stars: | 2024-10-11 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Iran has threatened to attack Saudi oil sites if the Gulf state supports an Israeli attack. AdvertisementThe fragile truce between longtime regional rivals Iran and Saudi Arabia could unravel if Gulf states allow Israel to use their airspace to strike Iran. He reportedly told the officials that Iranian-backed militias in Iraq or the Houthi militia in Yemen could be deployed against Saudi Arabia. It named Jordan, the United Arab Emirates, Saudi Arabia, and Qatar, all of which host US military bases, as countries Iran has threatened with reprisals. GetyAn Iranian attack would likely upend the truce brokered between Iran and Saudi Arabia by China in 2023 that saw the longtime rivals establish diplomatic contacts.

Persons: Abbas Araghchi, —, Ali Shihabi, Jordan, Naftali Bennet, they'd, Mohammed bin Salman's, may've, hasn't, Brent, Vladimir Putin's Organizations: Iranian Foreign Affairs, Reuters, Service, Iran, Foreign, Saudi, Street, United Arab, Hamas, European Council for Foreign Relations, Opec Locations: Iran, Saudi, Saudi Arabia, Israel, Riyadh, Islamic Republic, Iraq, Yemen, United Arab Emirates, Qatar, Lebanon, Syria, Gulf, Iranian, China, Ukraine

☆ Oil prices rise on Israel-Iran conflict fears and U.S. storm
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: +1 min

Oil prices rose in early Asian trade on Thursday on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a major storm barreled into Florida. The world's largest oil producer and consumer has been hit by a second major storm, Hurricane Milton, which made landfall on Florida's west coast, spawning tornadoes and threatening surges of seawater. The storm has already driven up demand for gasoline in the state, with about a quarter of fuel stations selling out of supplies, which has helped support crude prices. Further underpinning prices, investors remained wary of a potential escalation in tensions between Israel and Iran, with Israeli Defense Minister Yoav Gallant promising an Israeli strike against Iran would be "lethal, precise and surprising". Even with threats to the oil-producing Middle Eastern region top of mind, weak demand continues to underpin the fundamental outlook.

Persons: Iran, Hurricane Milton, Yoav Gallant, Joe Biden, Benjamin Netanyahu, Israel's Organizations: Brent, U.S . West Texas, Israeli, U.S . Energy, Administration, Reuters, American Petroleum Institute Locations: Israel, Florida, U.S, Hurricane, Florida's, Iran, China, North America

☆ CNBC Daily Open: Don't ignore the risks as a dovish Fed drives markets
▼ + stars: | 2024-10-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Valerie Plesch | Picture Alliance | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Sentiment in markets, it seems, was buoyed by encouraging comments from the Fed. The Fed, in other words, is keeping a close eye on the economy and wants to make sure it maintains its smooth landing. It's as if Stephen Sondheim's musical "Into the woods to get the money," markets are merrily singing.

Persons: Valerie Plesch, Gregory Daco, Goldman Sachs, Stephen Suttmeier, Philip Jefferson reemphasized, we're, Mike Bailey, Stephen Sondheim's, Jeff Cox, Samantha Subin, Sarah Min Organizations: Federal Reserve, Getty, CNBC, Brent, Bank of America, Dow Jones Industrial, Nasdaq, Apple, Micro Computer, Fed, FBB Capital Partners Locations: USA, Washington, Florida, U.S, Israel

☆ Small and mid-cap stocks offer value regardless of Fed landing, says Northwestern’s Brent Schutte
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall and mid-cap stocks offer value regardless of Fed landing, says Northwestern’s Brent SchutteCNBC’s Mike Santoli and Northwestern Mutuals’ Brent Schutte, join 'Power Lunch' to discuss the CPI report numbers and the market reaction.

Persons: Northwestern’s Brent Schutte, Mike Santoli, ’ Brent Schutte Organizations: Northwestern

☆ Oil oversupply could send prices tumbling in 2025, energy analyst says
▼ + stars: | 2024-10-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Oil could see a decline to a "much, much" lower price, according to crude analyst Tom Kloza. Oversupply will weigh on oil prices in 2025, Kloza predicted. AdvertisementThe oil market is headed into a troubled year in 2025, and crude prices may fall "much, much" lower, according to Tom Kloza, global head of energy analysis at Oil Price Information Service. The oil analyst said crude prices would experience more downward pressure in 2025 despite concerns that conflict in the Middle East could escalate and send prices higher. "It was pointing lower, and I think it's still pointing lower.

Persons: Tom Kloza, Kloza, —, Goldman Sachs, Brent Organizations: Service, Oil Price Information Service, Traders, CNBC, Energy Information Administration, Giants, Jets Locations: Saudi Arabia, Iraq

☆ U.S. crude oil drifts lower, trades below $74 per barrel after selloff
▼ + stars: | 2024-10-09 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Crude oil futures drifted lower Wednesday after sliding more than 4% the previous day. The rally spurred by the risk of a wider Middle East war has stalled out amid uncertainty over how Israel will retaliate against Iran for last week's ballistic missile strike. Chinese policymakers' failure to deliver new economic stimulus measures at a press briefing this week also held energy prices in check. Though prices are falling, Goldman Sachs sees global benchmark Brent jumping by $10 to $20 per barrel if an Israeli strike disrupts Iranian crude oil production, according to a Tuesday research note. Here are Wednesday's energy prices at around 8:02 a.m.

Persons: Goldman Sachs Organizations: Brent Locations: Israel, Iran

☆ GSK agrees to settle about 80,000 Zantac lawsuits for up to $2.2 billion
▼ + stars: | 2024-10-09 | by ( ) edition.cnn.com time to read: +3 min

CNN —GSK has agreed to pay up to $2.2 billion to settle most lawsuits in US state courts claiming that a discontinued version of the heartburn drug Zantac caused cancer, the company announced on Wednesday. GSK also said it would pay $70 million to settle a related whistleblower lawsuit filed by a Connecticut laboratory. Pfizer has agreed to settle most of the Zantac cases against it in state court, according to its most recent financial statement, and Sanofi in April announced that it was settling about 4,000 cases. Boehringer Ingelheim has not announced any major settlements, but is currently facing a trial over the drug in Oakland, California, state court. A majority of the remaining state court cases are in Delaware, where a judge in June allowed plaintiffs to present crucial expert testimony that Zantac caused cancer.

Persons: Jennifer Moore, Brent Wisner, Zantac, Boehringer Ingelheim, “, ” Moore, Wisner Organizations: CNN, GSK, Pfizer, Sanofi, Boehringer, Food and Drug Administration, Delaware Supreme Court Locations: Connecticut, Oakland , California, Delaware, Florida

☆ Oil prices steady after sliding on potential Israel-Hezbollah ceasefire
▼ + stars: | 2024-10-09 | by ( ) www.cnbc.com time to read: +2 min

Oil prices steadied in Asian trading on Wednesday, as traders weighed uncertainty surrounding developments in the Middle East conflict against continued bearish fundamentals. Brent crude futures rose 11 cents, or 0.14%, to $77.29 a barrel by 02:23 GMT. Prices had plunged more than 4% in the previous session on a possible Hezbollah-Israel ceasefire, but markets remain wary of a potential Israeli attack on Iran's oil infrastructure. Hezbollah officials on Tuesday appeared to back off from a truce in Gaza as a condition for a ceasefire in Lebanon. The U.S. EIA on Tuesday downgraded its 2024 forecast for global oil demand growth by 20,000 barrels per day (bpd), to 103.1 million bpd, because of weaker industrial production and manufacturing growth in the U.S. and China.

Persons: Hezbollah's, Naim Qassem, Hurricane Milton, Tony Sycamore Organizations: Brent, . West Texas, Macquarie, Reuters, American Petroleum Institute, U.S, EIA, IG . Florida Locations: Israel, Iran, Gaza, Lebanon, U.S, China, Hurricane, Coast, Tampa

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