•ICE Brent crude futures hit a new high of $92.36/barrel while other futures neared or set new all-time highs on the back of turmoil in financial markets, which caused volatile swings for commodities markets throughout the session. The picture was bullish Tuesday, with crude futures gaining back ground due to a steadier performance in equity markets and fresh weakness in the dollar, with the British pound reaching a record high against the dollar at $1.4537 in early Tuesday trading. "The rebound Tuesday morning was driven by a set of bullish factors...a weaker US dollar, stable stock markets and bullish expectations for Wednesday's US stock data," a London-based broker said.

•Monday's volatility, resulting in a pre-settlement selloff in crude and product futures, was caused by troubles in equity markets. Chronic concerns surrounding the health of US financial institutions as a result of the credit and housing crises roiled global bourses Monday. The Dow Jones Industrial Average was down as much as 150 points in the Monday session, but was also able to climb back to down just 35 points several times.

Updated: November 6, 2007