Oil WSJ as of 10/19

US STOCKS-Futures rise after China rally, Italy’s budget relief
October 22, 2018
Global stocks mixed as Asian rally fails to spread
October 23, 2018

Oil WSJ as of 10/19

0829 ET – US oil prices edge higher early in NY but are on track for a 3% decline this week after falling 4% last week amid surging US oil inventories and a slump on Wall Street that’s fueling worries about global growth and oil demand. On the docket today is US drilling data as Baker Hughes releases its weekly rig-count report at 1pm ET. Peter Cardillo at Spartan Capital says geopolitics may also re-emerge in the coming days. “Trump’s stand on the Saudis is shifting and could spark nasty headlines in the days ahead, sending oil prices higher in the near term.” The Nymex oil contract for November delivery rises 1% to $69.32/bbl. (dan.molinski@wsj.com)