Capital Economics: Federal Reserve Expected to Hold Rates Steady This Week, Watch Out for Hawkish Risks in Waller’s Debut

International oil prices saw a slight increase on October 6. By the close of trading, the price of light crude oil futures for November delivery on the New York Mercantile Exchange edged up by $0.01, settling at $89.44 per barrel, a gain of 0.01%. Brent crude oil futures for December delivery in London rose by $0.26 to close at $100.58 per barrel, an increase of 0.26%. In recent times, international oil prices have remained volatile. Multiple supply and demand factors continue to support oil prices: on one hand, production cuts by oil-producing countries are tightening market supply; on the other hand, fluctuations in expectations for global economic recovery create uncertainty on the demand side for crude oil. The future path of oil prices will continue to be influenced jointly by geopolitical developments, major economies' energy policies, and other factors.

The U.S. Dollar Index, which measures the dollar against six major currencies, fell by 0.33% on the day, closing at 101.833 in the late forex session. By the end of trading in New York, 1 euro was exchanged for 1.1261 U.S. dollars, higher than the previous day's 1.1215. One pound sterling was exchanged for 1.3277 dollars, up from 1.3219 in the previous session. One U.S. dollar was exchanged for 158.12 yen, higher than 158.00 yen on the previous day; one U.S. dollar was exchanged for 0.8313 Swiss francs, up from 0.8307; one U.S. dollar was exchanged for 1.4209 Canadian dollars, down from 1.4256; and one U.S. dollar was exchanged for 9.9861 Swedish kronor, down from 10.0403.

The Russian Ministry of Transport has announced that the Aframax-class oil tanker "Aframax Rio" was attacked by an unmanned boat. The Aframax-class tanker involved is a medium-sized vessel with a deadweight usually between 80,000 and 120,000 tons, and is a common ship type in the international crude oil transport market. Incidents involving such tankers often have a direct impact on the security situation of shipping in the affected regions.