Over the past year, the US M2 money supply has grown by 5.7%, the largest year-on-year increase since May 2022. Financial analyst Charlie Bilello points out that after a brief pause, the "money printing" activity appears to have resumed.

Energy: 1. Indonesia's state-owned oil company, NPC, tenders for crude oil and condensate for the first quarter of 2027. 2. Sources say OPEC+ will maintain its oil production targets at its Sunday meeting. 3. Trump will ease methane emission restrictions on oil wells to reduce energy production costs. 4. Iran plans to finalize a gas swap agreement with Russia via Azerbaijan, seeking to expand energy cooperation and investment. 5. India's diesel exports surge, potentially easing global supply tensions next year. 6. Russian crude oil exports fall to a five-week low; refinery restarts may reduce external supplies. 7. Poland's energy minister expects the oil inventory release schedule to be ready by the end of November. 8. The US provides $5 billion in financing to Constellation to upgrade nuclear power generation. 9. The eighth summit of the Gas Exporting Countries Forum issued the "Moscow Declaration." 10. White House officials: The US government has received its first shipment of crude oil from Venezuela's state-owned oil company, NABEP. 11. Russian President Vladimir Putin: Russia is considering cooperation with US partners in the Arctic. Russia is open to cooperation in the natural gas sector. 12. Russian Deputy Prime Minister Novak: (Regarding the Russia-US diesel deal) The fourth tanker carrying Russian diesel will depart on October 28; three more tankers are currently en route. Other: 1. India plans to promote the domestic production of 100 key industrial inputs. 2. Malaysia faces a palm oil supply surplus, with major producing areas experiencing storage shortages. 3. Iranian media: Countries are accelerating the withdrawal of gold from New York to avoid gold becoming a geopolitical "hostage." 4. Reuters survey: Platinum's average price in 2026 is expected to be $1,900 per ounce (previous survey: $1,925). The average price of platinum in 2027 is expected to be $1,935 per ounce, and palladium's average price is expected to be $1,300 per ounce.

Bank of Canada: Growth forecasts face considerable uncertainty, particularly regarding trade relations with the United States.