Oil

Swiss gasoline prices rise above 2 francs per liter for first time since 2022
Average price for 95-octane gasoline reaches 2.02 francs per liter, driven by Middle East tensions, reduced refinery capacity and Rhine transport disruptions. Diesel climbs to 2.27 francs.

US equities mixed; SMI edges lower as oil hits four-week high
Futures on the Dow slipped 0.13% while Nasdaq futures rose 0.1% ahead of U.S. open. Brent crude surged 2.6% to $94.04/bbl, nearing $100/bbl. Swiss Re and Logitech led SMI laggards.

Gold rises as Trump escalates economic pressure on Iran
U.S. sanctions threat against Iran lifts gold, oil prices; Fed rate-hike odds remain low ahead of Jackson Hole. Analysis flags technical resistance and profit-taking risks.

U.S. debt tops $40 trillion as Fed minutes, Iran tensions lift markets
Fed minutes show dissent on rates as U.S. debt surpasses $40 trillion; Brent crude rises on geopolitical risks while Walmart's ad unit growth supports retail shares.

Panoro Energy shares drop 4% after H1 2026 update, CI-27 deal details emerge
Panoro Energy’s stock fell 4% in pre-market trading after releasing H1 2026 pro forma figures and confirming a $80 million acquisition in Ivory Coast. The CI-27 deal, funded via shares and debt, is expected to close by Q3.

German DAX slips 0.34% in early trade as oil, yields weigh
European stocks opened lower Thursday as rising oil prices and bond yields pressured the DAX, while gains in Continental and Sartorius were offset by losses in Brenntag and Ströer.

Swiss equities edge higher as Roche, Novartis offset Logitech decline
SMI advances 0.1% on pharma strength; Centiel surges 18% after analyst upgrade. Oil holds near $92/bbl as geopolitical risks persist.

FTSE 100 edges lower as Middle East tensions lift oil prices
London’s blue-chip index slipped 0.03% as Brent crude surged 2.4% amid U.S.-Iran standoff over the Strait of Hormuz. Anglo American and JD Sports led sector declines.

U.S. crude oil inventories rise 4.4 million barrels, EIA data shows
Commercial stockpiles reach five-year average as gasoline inventories climb. WTI crude and Brent futures edge higher on the day.

Diesel cracks surge above $100/bbl as supply tightens sharply
Record-high diesel crack spreads signal a physical market far tighter than Brent futures suggest, with Middle East and Russian exports down over 50% amid regional conflicts.

German DAX seen little changed as energy costs, yields weigh
Outlook for Frankfurt stocks points to muted trading as higher oil prices and rising bond yields offset regional tech rebounds. Sartorius gains on UBS upgrade.

Oil prices hold near multi-week highs on Middle East supply risks
Brent and WTI futures rise modestly as geopolitical tensions in the Strait of Hormuz threaten crude flows. Market watchers see limited downside amid tight supply dynamics.

North Dakota oilfield activity rises as crude prices climb toward $80
Rig count increases to 33 in August from 27 in July as Bakken crude trades at a $4.39 premium. Operators cite sustained price strength and Middle East supply risks as drivers.

EuroStoxx 50 slips 0.35% as yields, oil rise; Swiss SMI steadies on China trade deal
Eurozone blue-chips extended losses as bond yields and crude prices climbed, while Switzerland's SMI trimmed declines after a China trade pact lifted exporters including Swatch. JD Sports sank 14% on a profit warning.

U.S. 30-year Treasury yield jumps 5.4 bps after debt buyback plan
Long-dated U.S. bond yields rose after the Treasury announced a larger debt buyback program, while global stocks edged higher following four straight sessions of declines.

DAX falls below 26,000 points for fourth straight session
German blue-chip index drops 0.42% as Brent crude approaches $100/barrel amid Middle East tensions. Continental gains on JPMorgan upgrade; Sartorius surges 6% on UBS call.

Diesel prices surge to $170/bbl as refining bottlenecks expose hidden energy shock
Analysts warn Brent’s $91/bbl price masks severe diesel shortages, with European diesel trading near record spreads and refinery constraints distorting energy markets.

US stocks fall as Walmart drags; Moderna surges then pares gains
Moderna’s shares soar 177% before paring gains to 140% above Tuesday’s close. Walmart’s weak quarter weighs on retail peers. SMI and Swiss indices decline as oil prices rise.

Swiss SMI rises 0.21% as oil climbs fourth day; Geberit, Implenia surge on earnings
Geberit surged 8% after beating half-year expectations, while Implenia jumped 9% on strong growth outlook. Brent crude rose 0.7% to $91.61 as Iran conflict persists; BKW and Straumann fell 4.5%.

Gold steadies near $4,500/oz as yields ease; Fed minutes awaited
Bullion pared losses after a sharp drop as U.S. Treasury yields declined and oil prices rose. Treasury to double buyback operations next month as Fed minutes loom.

Whitecap Resources sets 2026 debt target after Veren acquisition
Canadian oil producer outlines CAD 2 billion debt reduction plan and forecasts CAD 2.2 billion free cash flow in 2026 base case. Production guidance maintained at 384,000-386,000 BOE/day.

US stocks mixed pre-market; Moderna surges 72% on Merck trial data
SMI edges higher as Moderna jumps on positive melanoma trial results with Merck’s Keytruda. Geberit, Implenia lead Swiss gains; DocMorris, Straumann lag. Brent crude hits $92 amid Iran conflict.

Six small-cap energy stocks trading below 7x P/E with 29% average upside
StealthGas, SandRidge Energy and four others show strong free cash flow yields and minimal leverage amid elevated energy prices. Analyst coverage remains sparse for most names.

Global stocks slip as yields surge; Swiss market edges up on pharma gains
Nasdaq leads losses as U.S. 30-year yields hit 19-year high. SMI ekes out gains on Roche, Novartis gains; ABB falls. Brent crude near $91, gold dips.

