Oil plunges over 7% as Iran peace mandate and Trump remarks trigger massive sell-off

03 Nov 2026 Global crude oil futures tumbled more than 7% on Monday as high-level diplomatic signals from Tehran and Washington raised expectations of a negotiated end to the US–Israeli conflict with Iran.

03 Nov 2026

Commodity Exchange: 03 November 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 03 November 2026 session with the following settlements.

02 Nov 2026

Oil surged over 2% to six-month highs as Hormuz limpet mine attack seals 15% monthly gain

Global crude oil futures surged over 2% on Friday to close at their highest levels since late April after a tanker was struck by limpet mines in the Strait of Hormuz and traders braced for post-midterm US strikes on Iran.

02 Nov 2026

Commodity Exchange: 02 November 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 02 November 2026 session with the following settlements.

30 Oct 2026

Oil eased as Vance diplomatic push counters fresh Saudi strikes and Hormuz mine blasts

Global crude oil futures settled slightly lower on Thursday after paring $2 intraday drops as a US diplomatic outreach to Tehran offset fresh Houthi attacks on Saudi refineries and maritime mine detonations.

30 Oct 2026

Commodity Exchange: 30 October 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 30 October 2026 session with the following settlements.

29 Oct 2026

Thailand’s PTTGC and SCGC agree on $5.5 billion petrochemical merger, targeting completion in 2027

Thailand's two petrochemical heavyweights, PTT Global Chemical (PTTGC) and SCG Chemicals (SCGC), have reached a formal agreement to combine their domestic olefins and polyolefins businesses

29 Oct 2026

Oil climbed up to 3% as stalled Iran truce talks and surprise US crude draw reignite buying

Global crude oil futures rebounded on Wednesday as fresh Houthi strikes in Yemen, stalled Qatari peace mediation in Tehran, and an unexpected US crude inventory draw outweighed fresh Chinese fuel export quotas.

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