{"id":73141,"date":"2026-10-16T13:08:17","date_gmt":"2026-10-16T17:08:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/energy-markets-surge-as-trump-predicts-swift-price-drop-dhl-beats-q3-estimates\/73141\/"},"modified":"2026-10-16T13:08:17","modified_gmt":"2026-10-16T17:08:17","slug":"energy-markets-surge-as-trump-predicts-swift-price-drop-dhl-beats-q3-estimates","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/energy-markets-surge-as-trump-predicts-swift-price-drop-dhl-beats-q3-estimates\/73141\/","title":{"rendered":"Energy Markets Surge as Trump Predicts Swift Price Drop; DHL Beats Q3 Estimates"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Brent Crude futures surged over $3 to a session high of $109.58<\/strong>, while US Crude (WTI) climbed above the <strong>$100 per barrel<\/strong> threshold amid ongoing geopolitical volatility.<\/li>\n<li><strong>DHL Group (<a href=\"\/stock\/DHLGY\">DHLGY<\/a>)<\/strong> reported a strong third quarter with revenue hitting <strong>\u20ac22.6 billion<\/strong>, a <strong>12% year-over-year increase<\/strong>, prompting management to raise full-year 2026 EBIT guidance to over <strong>\u20ac7.0 billion<\/strong>.<\/li>\n<li><strong>Baker Hughes (<a href=\"\/stock\/BKR\">BKR<\/a>)<\/strong> data revealed the US oil rig count fell by <strong>3 to 459<\/strong>, though the total rig count remained steady at <strong>603<\/strong>, signaling a potential plateau in domestic drilling activity.<\/li>\n<li><strong>President Donald Trump<\/strong> predicted that <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> will &quot;drop like a rock&quot; very soon, linking the decline to a potential &quot;swift end&quot; to the conflict with Iran.<\/li>\n<li>The <strong>New York Fed<\/strong> updated its GDP Nowcast, slightly raising the Q3 estimate to <strong>2.67%<\/strong> while marginally trimming the Q4 forecast to <strong>2.82%<\/strong>.<\/li>\n<\/ul>\n<h2>Global Energy Markets and Rig Activity<\/h2>\n<p>Oil prices saw significant upward pressure on Friday, with <strong>Brent Crude<\/strong> futures rising more than $3 to reach <strong>$109.58 per barrel<\/strong>. This rally pushed <strong>US Crude<\/strong> prices back above the critical <strong>$100 per barrel<\/strong> mark. <em>Market analysts attribute the volatility to intensifying regional conflicts and supply chain concerns in the Middle East.<\/em><\/p>\n<p>Simultaneously, the latest weekly report from <strong>Baker Hughes (<a href=\"\/stock\/BKR\">BKR<\/a>)<\/strong> showed a contraction in domestic oil exploration. The <strong>US oil rig count dropped by 3 to 459<\/strong>, while the <strong>total rig count held firm at 603<\/strong>. This divergence suggests a cautious approach from producers despite the high-price environment, as they balance capital discipline against rising operational costs.<\/p>\n<h2>Political and Geopolitical Developments<\/h2>\n<p><strong>President Donald Trump<\/strong> addressed the energy crisis on Friday, asserting that oil prices are &quot;going to come down very soon.&quot; Trump linked this projection to his expectations of a rapid conclusion to the war with Iran, stating that once the conflict ends, &quot;oil prices will drop like a rock.&quot; <em>The comments come as the administration faces pressure over high fuel costs ahead of the November midterm elections.<\/em><\/p>\n<p>In a separate development regarding defense technology, Trump addressed reports concerning <strong>Starshield<\/strong>, the military-grade satellite service from <strong>SpaceX<\/strong>. Despite rumors of White House-ordered restrictions on the system&#39;s use in Ukraine, Trump stated that the administration &quot;didn&#39;t slow it down at all.&quot; However, reports from <strong>Reuters<\/strong> suggest that some throttling may have occurred to prevent the technology&#39;s use on high-speed drone missions.<\/p>\n<h2>Economic Indicators and Corporate Earnings<\/h2>\n<p>The <strong>DHL Group (<a href=\"\/stock\/DHLGY\">DHLGY<\/a>)<\/strong> delivered a robust Q3 earnings report, with revenue growing more than <strong>12% to \u20ac22.6 billion<\/strong>. The company\u2019s <strong>EBIT rose 16% to \u20ac1.71 billion<\/strong>, driven largely by strong performance in the <strong>DHL Express<\/strong> division. Following these results, the logistics giant raised its full-year 2026 EBIT outlook from \u20ac6.5 billion to more than <strong>\u20ac7.0 billion<\/strong>.<\/p>\n<p>On the macroeconomic front, the <strong>New York Fed&#39;s GDP Nowcast<\/strong> provided a mixed but generally positive outlook for the US economy. The model now projects <strong>Q3 growth at 2.67%<\/strong> (up from 2.65%) and <strong>Q4 growth at 2.82%<\/strong> (down slightly from 2.83%). <em>These figures suggest the economy remains resilient despite persistent inflationary pressures in the energy and industrial sectors.<\/em><\/p>\n<h2>European Policy Shifts<\/h2>\n<p><strong>French President Emmanuel Macron<\/strong> called for the European Union to expand its strategic trade deals to include <strong>plastics, chemicals, and ferroalloys<\/strong>. This move is part of a broader EU effort to bolster industrial autonomy and secure supply chains against global disruptions. Additionally, reports surfaced that the EU is working on a plan to allow <strong>UK citizens under 30<\/strong> to work in any EU job, signaling a potential softening of post-Brexit labor restrictions to address regional worker shortages.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Brent Crude futures surged over $3 to a session high of $109.58, while US Crude (WTI) climbed above 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