Latest News for UCO
There's lots of anticipation heading into this market week, with Kevin Hincks touching on the key movers being geopolitical. He discusses the U.S.-Iran war and sliding crude oil prices, along with President Trump's upcoming meeting with China President Xi Jinping.

Plus, Kuehne+Nagel struck a deal with Amazon, and scientists see progress in fighting disease destroying Florida's orange groves.

Improving flows through the Strait of Hormuz and prospects for renewed diplomacy over the Iran conflict eased immediate supply concerns.

"Middle East oil flows remain surprisingly strong despite the disruption to Saudi Arabia's East-West pipeline," according to JPMorgan analysts in a Sept. 18 note. Mideast tensions continue to escalate following attacks by Iran-backed Houthis on Saudi Arabia with missiles and drones on Saturday.

Bangladesh has raised fuel prices by up to 17.4%, piling fresh pressure on consumers and businesses already struggling with power and gas shortages, as the government moved to stem mounting losses from surging global oil prices and higher shipping costs linked to the Middle East conflict.
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