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Iraqi military: Iraq has agreed to Irans request to jointly investigate the existence of drone launchers along the border between the two countries.According to the Bahrain News Agency, Bahrain stated that it will not participate in any meetings with Iran until diplomatic relations between the two countries are restored.According to Interfax news agency, the Kremlin has expressed concern about the situation in the Mandeb Strait.On September 12, the Quds Force of Irans Islamic Revolutionary Guard Corps issued a statement saying that it had killed four terrorists attempting an assassination in the Saravan district of Sistan-Baluchistan province in southeastern Iran. The statement said the Revolutionary Guard, in conjunction with intelligence and law enforcement forces, launched an operation against the terrorist group early that morning, killing four terrorists on the spot and seizing a cache of weapons, ammunition, and explosives at their hideout. Three Revolutionary Guard members were killed in the operation.On September 12, US President Trump expressed optimism about resolving the trade war with Canada, saying an agreement could be reached "soon," but did not disclose whether formal negotiations between the two countries had resumed. When asked by the Irish Prime Minister in Dublin on Saturday whether he intended to withdraw the US from the USMCA trade agreement, Trump dodged the question, saying Canada wanted a deal with Washington and that he was advocating for better terms for American farmers. "Canada has to treat our farmers better. They cant put tariffs on our farmers. They put 400% tariffs on our farmers, and a lot of other things, so when those things are removed, theyre willing to remove all of them," Trump said, adding, "Youll likely see a deal with Canada very soon."

Natural Gas, WTI Oil, Brent Oil – Oil Markets Test New Highs

Cory Russell

Jan 18, 2023 16:09

Natural Gas

Natural gas settled near the $3.60 level as traders remained focused on weather forecasts. The current market consensus implies that weather will turn colder closer to the end of the month. However, it remains to be seen whether forecasts will provide additional support to natural gas markets in the near term as current demand for natural gas remains low.

WTI Oil

WTI oil tested new highs today as traders bet on rising demand from China. In its latest report, OPEC said that world demand will grow by 2.22 million bpd in 2023. However, this estimate could be revised as the fourth quarter of 2022 was stronger than expected.

Brent Oil

Brent oil has also enjoyed strong support in today’s trading session. While resistance near the $87 level remains strong, Brent oil will have a good chance to climb above this level if traders stay focused on rising demand from China.