EIA November short-term outlook forecasts U.S. crude oil production next year at 14.3 mln b/d, unchanged from prior 14.3 mln b/d.

US defense secretary Hegseth said the US controls the Strait of Hormuz.

China's Ministry of Finance, on behalf of the central government, sold CNY 4 billion of RMB green sovereign bonds in Canada on Nov 9: CNY 2 billion 3-year notes at 1.40% and CNY 2 billion 5-year notes at 1.50%. The issue drew CNY 54.04 billion of orders (13.5x cover). Investor geography: APAC 77%, Americas 15%, Europe 8%. Investor type: sovereign/supranational 32%, banks 45%, asset managers and insurers 22%, dealers 1%; green/sustainable investors made up 41%. Bonds will be listed on the Hong Kong Stock Exchange.