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British Prime Minister Burnham: Willing to consider Saudi Arabias further request for support.On October 12th, British Prime Minister Burnham stated that the Iranian Revolutionary Guard is almost certainly behind a suspected terrorist plot to target a British air force base used by US forces in the UK. In a statement to the House of Commons on Monday afternoon, Burnham said: "I can confirm that our assessment is that this incident was highly likely coordinated and planned from within Iran, and almost certainly carried out under the command of the Revolutionary Guard. We will not tolerate such threats on British soil. We will use all our powers to combat Iranian activities through criminal networks and to take action against these networks and their funding sources." Last month, several men were arrested on suspicion of plotting a terrorist attack against RAF Fairford in Gloucestershire, England, and are still under police investigation.EU High Representative for Foreign Affairs and Security Policy, Karas: (Regarding the EUs "Operation Shield" naval mission) We need at least 10 ships, but we havent reached that number yet. Weve learned from some member states that discussions are still ongoing.EU High Representative for Foreign Affairs and Security Policy Karas: EU ministers have expressed their support for visa restrictions on Russia.EU High Representative for Foreign Affairs and Security Policy Karas: The EU is moving forward with the next round of sanctions against Russia.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Move Higher After CPI Data

Cory Russell

Jan 13, 2023 16:05

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natural gas

The EIA Weekly Natural Gas Storage Report was the main topic of discussion today among gas dealers. In contrast to the analyst estimate of -13 Bcf, the data showed that working gas in storage grew by 11 Bcf from the previous week. Following the publication of the EIA data, natural gas prices rose further as traders concentrated on projections that suggest the weather may get colder starting on January 23.

WTI Oil

WTI oil prices are increasing as traders anticipate more demand from China. Data on US inflation gave oil prices even more support. A less hawkish Fed will benefit oil markets because lower interest rates would ease economic pressure.

Brent Oil

As traders continue to concentrate on the reopening of China's economy, Brent oil is now attempting to settle above the 50 EMA at $84.55. If Brent oil is able to hold above this point, it will continue to rise and move in the direction of the next resistance level at $86.00.

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