Brent crude fell 1.71 percent on Friday to 96.64 dollars, and it fell again on Monday, printing 96.67 dollars in early London trade before recovering to 97.57 dollars by late morning. The driver is diplomacy meeting a loose balance: President Trump said fresh strikes on Iran were “highly unlikely” while talks progress, and JPMorgan estimates the physical market was already in surplus by 1.1 million barrels a day in September and 1.4 million in October (see today’s Brent story).
Uranium miners rose 4.39 percent on Friday, the largest single move in the tables, even after a 4.12 percent weekly fall. No clear single driver appears in this morning’s reporting; the mining edition’s news was lithium, nickel and silver, not uranium.
Tesla rose 4.23 percent on Friday after a 10.4 percent weekly decline. This morning’s reporting offers no single driver for the bounce; today’s Tesla story is the launch of robotaxi service in San Antonio, its fifth Texas city.
Semiconductors rose 3.51 percent and Nvidia 2.78 percent on Friday, a partial recovery in a week when the semiconductor index fell 13.13 percent and Nvidia 8.8 percent. No clear single driver appears in this morning’s reporting, which carried the congressional espionage scrutiny around Nvidia rather than a trading catalyst; Nvidia’s third quarter results land November 17.
Silver miners rose 2.63 percent and gold miners 2.16 percent on Friday, extending weekly gains of 11.38 and 13.63 percent. The miners are following the metal: spot gold rose about 5 percent last week and added a further 1.4 percent on Monday as cheaper oil eased inflation worries ahead of Tuesday’s US CPI (see today’s gold story).
Copper rose 1.70 percent on Friday to 6.32 dollars, against a 3.36 percent weekly fall. No clear single driver appears in this morning’s reporting.
The cross-market read is a two-sided unwind. Energy is pricing peace and surplus at the same time, while the assets sold hardest last week, chips, Tesla and uranium miners, bounced without fresh fundamental news, and the week’s winners, gold and silver miners, kept rising on the inflation relief that cheaper oil implies. That leaves Tuesday’s October CPI, a print with no year over year rate this month because October 2025 prices were never collected, as the test that decides whether the bounce or the unwind leads the week.