German Chancellor MERZ said he expects an additional European Council meeting to be held in November.

ECB officials are preparing for a third rate increase in 2026 that could be the last before policy choices become more challenging next year. Speaking in Bangkok this week they did not rule out an October move but said a December hike is more likely; traders and economists generally expect a December increase. Officials cited rising bond yields, elevated energy costs and a rapid surge in investment in artificial intelligence as growing concerns for policy.

CFTC: For the week ended Oct. 13, speculative net long positions in WTI crude fell by 1,017 contracts to 110,619 contracts.