Funds drastically reduced their crude oil positions, yet oil prices rebounded after a sharp drop. Large funds are withdrawing, so why didn't prices continue to fall? How reliable is this rebound? How much of the "sell" mentioned in the news is still

Key market events this week: concentrated Fed speaker slate, US inflation and PPI, China macro prints, OPEC/IEA oil reports and Abu Dhabi US‑Russia‑Ukraine talks (Nov 10–11) that carry geopolitical risk for oil markets. Monday: China Oct CPI and M2 (y/y) due; Australia Reserve Bank assistant governor Hunter speaks; earnings from Occidental Petroleum and Lucid. Tuesday: US Oct seasonally adjusted CPI m/m and core CPI m/m; NY Fed 1‑yr inflation expectations; ADP payrolls; China Oct trade balance (USD and RMB); G7 foreign ministers meeting; Bank of England governor Bailey speaks on central bank independence; BOJ issues minutes of its Oct policy meeting; US‑Russia‑Ukraine talks in Abu Dhabi begin Nov 10. Wednesday: US 10‑yr Treasury auction stop yield and bid‑cover published; API weekly oil stocks; OPEC monthly oil market report and EIA monthly short‑term energy outlook; Bank of Canada releases policy minutes. Thursday: UK Q3 GDP preliminary and sector activity data; China to open a domestic fuel‑price adjustment window; ECB publishes its Economic Bulletin; SMIC and Applied Materials report. Friday: US Oct PPI (y/y and m/m) and weekly EIA crude and gas inventories; France final Oct CPI and euro‑area Q3 GDP second estimate; China Oct total electricity consumption released (NEA typically publishes around the 15th); IEA monthly oil market report; NY Fed, San Francisco Fed and Chicago Fed presidents scheduled to speak. Saturday: US rotary rig count to Nov 13; Fed Vice‑Chair Jefferson and San Francisco Fed president Daly speak. Markets to watch: US Treasury yields around the 10‑yr auction and monthly CPI/PPI prints; oil prices around OPEC/IEA reports, weekly EIA/API draws and the Abu Dhabi talks; China CPI, M2, trade and electricity data for growth/ liquidity signals; multiple Fed and major central bank speakers for near-term policy signaling.

China's PPI rose 0.7% month-on-month in October, down from 1.2% in the previous month.