As global instability persists, now with the Israel-Hamas war and many arab OPEC nations sympathizing with Palestinians, crude will remain volatile. There is already upward pressure on prices due to Saudi-Russian output cuts and expectations of a harsher winter should keep producers in play. Beyond crude, materials, such as copper, aluminum, steel, etc., are at the mercy of slower global economic growth in the short term. However, their long-term demand as green inputs is still intact, and bottoming Chinese demand should help facilitate a rebound.