Constellation gets $5 billion loan commitment for nuclear upgrades
The financing remains subject to finalization, with Google, Amazon and Meta already buying much of the additional electricity from the planned upgrades.
US crude falls to $101.86 as traders assess Middle East supply risks
WTI futures declined 0.9% after a 3% gain in the previous session, amid further Houthi attacks and efforts to negotiate an end to the war.
US West Texas Intermediate crude futures retreated on October 29 as traders assessed whether intensifying conflict in the Middle East could cause further interruptions to energy supplies. Futures stood at $101.86 a barrel, down 92 cents, or 0.9%, after touching $101.75.
The decline reversed part of the previous session's 3% advance. In Yemen, government forces said the Iran-aligned Houthis had attacked Aden airport after warning people to leave, as fighting in the country intensified.
The Houthis also claimed a missile strike on Saudi Arabia's largest oil refinery. Saudi authorities did not immediately confirm that the facility, which has capacity of 550,000 barrels per day, had been hit.
Separately, an official briefed on negotiations said mediators from Qatar had given Iran a new draft agreement aimed at ending the war involving Iran, the US and Israel. A senior Iranian official rejected that characterization, saying the proposals were unacceptable ideas rather than an offer.