U.S. natural gas inventories increased more than expected last week but natural gas futures were lower amid hurricane concerns.

The COLA will increase the average monthly benefit to $1,976.

An abundance of natural gas has kept prices low heading into the heating season.

Despite the threat of multipolar competition and a rearmament in Europe, military budgets are far from their 1980s highs.

If U.S. CPI data shows evidence of sticky price pressure it could support the dollar, and EUR/USD could break below 1.09, and USD/JPY above 150, UniCredit said.

Oil prices edged higher in early European trade on fears that Hurricane Milton could cause significant supply disruptions in the U.S. and concerns over escalating tensions between Israel and Iran.