Global markets opened the weekend digest with energy news from Washington and fresh crypto turbulence. Here are the top stories.
Russia to Send 300,000 Tons of Diesel to US Markets, Trump Says
US President Donald Trump announced that Russia has agreed to supply 300,000 tons of diesel to US and global markets “immediately,” following what he called a “highly successful” discussion with Vladimir Putin. A further 3 million tons would follow, with 500,000 tons in November and 1 million tonnes thereafter. The stated aim is to ease high fuel prices driven by the Iran war. If the deal materializes, it could bring freight and diesel-cost relief to China–UK and China–US shipping lanes.
US Government Moves $893M in Bitcoin to Coinbase Prime
The US government transferred about 11,000 BTC, worth roughly $893 million, to Coinbase Prime this week, trading reports said on October 9. The figure supersedes an earlier $770 million estimate. Markets read the move as a possible pre-sale supply overhang, though no sale has been confirmed. Bitcoin traded near $82,900, down about 4% on the week, with pressure from elevated bond yields — the 10-year Treasury hit 5.25%, a 24-year high.
Market snapshot
BTC held around $82,900 and ETH near $2,490. Brent crude traded between roughly $102.60 and $103.50 on Friday, with WTI around $90.40 to $91. Hurricane Isaias remained a Category 3 storm with 120 mph winds, expected to make landfall early Saturday US time, around midday Pakistan time, along the Mississippi, Alabama and Florida panhandle coast. About 1.3 million barrels per day — 63% of US Gulf oil output — stayed shut in, with the Pascagoula and Saraland refineries in the storm’s path. No new China–US or China–UK tariff moves were reported, with the existing truce holding to January 10. Next catalysts: the Isaias landfall, US CPI data on October 14, the October 28 FOMC meeting, the October 15–16 EU leaders’ summit, and the November 3 midterms.