U.S. 30-year Treasury yield hit an intraday low, falling 3.2 bps to 5.531%.

IEA monthly report forecasts OPEC production will decline by 6.5 mln b/d in 2026; non‑OPEC production will rise by 2.7 mln b/d in 2026.

Media reported BHP and the main union at the Escondida copper mine in Chile have reached a preliminary agreement, lowering the risk of an immediate strike at the world's largest copper mine. The deal is expected to be submitted to union members for a vote; the union said the benefits and severance terms are superior to BHP’s Oct. 12 proposal. BHP’s earlier offer included a final severance payment and a low‑interest loan, totalling about $30,000 per worker. Negotiations began only hours before the planned walkout in an 11th‑hour bid to avoid disruptions to global copper supply.