EIA expects Middle East oil production and exports transiting the Strait of Hormuz will "gradually increase" as transit is facilitated.

FTSE China A50 index futures opened 0.34% higher.

Foreign ministry spokesman Guo Jiakun on Oct. 6 responded to Philippine claims on Oct. 4 that Chinese forces had harassed Philippine aircraft and vessels in two South China Sea areas. Guo said China has sovereignty and jurisdiction over Huangyan Island and the Spratly Islands, including Zhongye Island and Tiexian Reef, and that those features are not part of Philippine territory as defined by international treaties. He said Philippine aircraft and ships recently entered Chinese-controlled sea and airspace without permission, interfered with Chinese law enforcement, seriously violated China’s sovereignty and jurisdiction, and deliberately undermined peace and stability in the South China Sea. Chinese military and coast guard took lawful and appropriate measures in response.