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CNBC Daily Open – Trump’s Russian diesel deal and market outlook
The newsletter reports President Trump’s announced diesel deal with Russia, causing uncertainty over oil supply and keeping Brent above $103 and WTI around $90. Ukraine denied prior knowledge, and Russia struck a power plant. Saudi Arabia may join retaliation against Houthis, affecting events like the World Petroleum Congress and Future Investment Initiative (Oct 26-29). Upcoming earnings from major banks and key inflation data are noted, as well as IMF/World Bank meetings in Bangkok and upcoming reports. TikTok CEO Shou Zi Chew predicts AI-driven scientific breakthroughs within 2‑3 years, citing ByteDance’s Protenix‑v2 model.