WTI crude hit $102/bbl, up 0.26% intraday.

The previous cold outbreak ended yesterday and northern China has seen a short warm-up. Through today and tomorrow northern temperatures will continue to rise; the 20°C daytime isotherm will shift north to southern Shanxi, northern Hebei and central Beijing. The warming is temporary: two cold-air systems, tracking along eastern and western routes, will affect China from tonight to Oct 31 and from Oct 31 to Nov 1. Cold air will reach southern China later, so the southern warm spell will persist longer; however the cold surge will be significantly weakened by the time it reaches the Nanling range, and South China is expected to stay relatively warm next week with highs near 30°C.

US 7-year Treasury auction on Oct. 29 stop-out yield 4.894%, prior 5.09%.