BREAKING: Oil surges after China ordered energy firms to "Secure supplies at all costs"

The Chinese authorities issued a recommendation to energy companies to secure the supply of raw materials at all costs. China's deputy prime minister allegedly said that "power shortages" would not be tolerated. At the same time, China is expecting a harsh winter that could lead to problems regarding energy supplies. Gas prices are rising even faster than in Europe, but this news has a clear impact on oil prices - WTI has broken above the USD 75 level in the last several dozen minutes. US gas prices are not growing dynamically, which may be related to the strong increase in gas inventories.

Oil rebounds sharply! Source: xStation5

23 October 2026, 6:42 AM

Morning Wrap: AI profitability concerns spark market Sell-Off

22 October 2026, 6:42 PM

Daily Summary: Valuations Under Pressure, Capital Moves Away From Technology

22 October 2026, 2:14 PM

Market Wrap: "Decent" results are not enough – tech stocks fall further; oil highest since May (22.10.2026)

21 October 2026, 7:07 PM

Daily Summary: SpaceX and the tech sector drive Wall Street, oil retreats sharply below $97

Commodities

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