Early on Nov 10 local time, loud explosions were heard in Riyadh, Saudi Arabia, and residents received air-raid alerts sent to mobile phones.

Low-sulfur fuel oil (LU) front-month contract is up more than 2.00% intraday, trading at 5,220.00 yuan/ton.

U.S. stock index futures rose early Monday as oil slid. Nasdaq 100 futures were up 0.7% and S&P 500 futures were up 0.8% as U.S. WTI crude fell 3.6% to about $88/bbl. Tom Essaye, founder of Sevens Report, said President Trump’s comments reduced market odds of renewed U.S. strikes on Iran, weighing on oil and lifting futures; Trump said it was “highly unlikely” he would resume large-scale strikes, while Rubio called some Iranian demands “outrageous and absurd.” Investors remain cautious after last Thursday’s sell-off: the Nasdaq 100 sits 4.8% below its 200-day moving average, a historically rare gap, and breaches larger than 3% typically take about 25 trading days to reclaim that MA. Market participants are split on drivers — SocGen strategists point to institutional de-risking, while other analyses flag large-scale retail liquidations.