News
Important Only
WTI drifts higher to near $59.50 on EIA inventory draw
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.50 during the Asian trading hours on Thursday. The WTI edges higher amid a larger-than-expected draw from US crude stockpiles last week on higher refinery runs and exports.
Fxstreet
Thu, Nov 20
PRECIOUS-Gold gains with traders awaiting US data for fresh Fed cues
Nov 20 (Reuters) - Gold prices edged higher on Thursday, as investors looked forward to the release of the delayed U.S. jobs report that could shed more light on the Federal Reserve's interest rate trajectory.FUNDAMENTALSSpot gold XAU= was up 0.3% at $4,092.98 per ounce, as of 0153 GMT. U.S. gol...Reuters
Thu, Nov 20
GRAINS-Chicago soybeans slip as traders doubt China will sustain buying
CANBERRA, Nov 20 (Reuters) - Chicago soybean futures fell further on Thursday from a 17-month high hit earlier this week, as traders doubted that China would buy enough U.S. beans to maintain a recent rally. Corn and wheat futures were unchanged.FUNDAMENTALSThe most-active soybean contract on the Ch...Reuters
Thu, Nov 20
Oil rebounds as deadline on US sanctions waiver looms
By Katya Golubkova TOKYO, Nov 20 (Reuters) - Oil prices edged higher on Thursday, recovering from losses in the previous session, as markets assessed the latest U.S. proposals to end the war in Ukraine and prepared for a U.S. deadline to cease operations with two major Russian oil firms. Brent cr...Reuters
Thu, Nov 20
BP shuts down Olympic fuel pipeline after partially restoring system affected by leak
By Nicole JaoNEW YORK, Nov 19 (Reuters) - BP BP.L on Wednesday said it shut down the 400-mile Olympic Pipeline following a leak, halting fuel delivery from the system.The company restored one of the two pipelines east of Everett, Washington, on Monday that was shut to determine the source of some pr...Reuters
Thu, Nov 20
CBOT soybeans extend retreat after Chinese buying sparked gains
CHICAGO, Nov 19 (Reuters) - Chicago Board of Trade soybean futures closed lower on Wednesday as traders sought to gauge the strength of Chinese buying, following the trade truce between Washington and Beijing last month.CBOT January soybeans SF26 ended 17-1/4 cents lower at $11.36-1/4 per bushel. CBReuters
Thu, Nov 20
China October rare earth magnet exports fall 5.2% month-on-month to 5,473 tons
BEIJING, Nov 20 (Reuters) - China's rare earth magnet exports in October fell 5.2% from the month before, customs data showed on Thursday.Outbound shipments from the world's largest rare earth magnet supplier stood at 5,473 metric tons last month, versus 5,774 tons in September, according to...Reuters
Thu, Nov 20
Early COP30 climate deal eludes Brazil, but Lula remains upbeat
COP30 Presidency had hoped to land first deal on WednesdayPromised new deal text not published, now expected ThursdayFossil fuel 'roadmap' plan gathers steam, but still divisiveTurkey wins race to host COP31 in compromise with Australia By Lisandra Paraguassu and Kate Abnett BELEM, Brazil...Reuters
Thu, Nov 20
CORRECTED-China, Kyrgyzstan looking at further cooperation in infrastructure, agriculture and minerals
BEIJING, Nov 20 (Reuters) - China and Kyrgyzstan discussed further economic cooperation, including building border port and highway infrastructure, developing agricultural trade and exploring green minerals, according to a joint statement released by the Chinese foreign ministry on Thursday.Chinese ...Reuters
Thu, Nov 20
Gold Price Forecast: XAU/USD edges higher above $4,100 ahead of delayed US September NFP report
Gold price (XAU/USD) attracts some buyers to around $4,110 during the early Asian session on Thursday. The precious metal gains momentum amid the cautious mood and uncertainty over the US economy. Traders will closely monitor the US September Nonfarm Payrolls (NFP) later on Thursday.
Fxstreet
Thu, Nov 20
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Nov 20 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$62.89/$62.37res $64.06/$64.46Palm oil (3rd month)4,145/4,102 ringgitres 4,213/4,238/4,282 ringgitWTI(1st month)$58.77/$58.43res $59.84/$60.37Spot gold-sup $4,053/$3,995...Reuters
Thu, Nov 20
Biggest US power grid operator moving forward with plan to manage data centers
By Laila KearneyNov 19 (Reuters) - Operators of the U.S. electric grid covering the world's largest data center market on Wednesday said they planned to move forward with a plan to manage the connection of the giant server warehouses that are propelling the country's power use to record high...Reuters
Wed, Nov 19
Germany to contribute 1 billion euros to Brazil's forest fund, Brazil environment minister says
Nov 19 - Brazilian environment minister Marina Silva said on Wednesday at the COP30 climate conference in Belem that Germany will contribute 1 billion euros to Brazil's forest fund, the Tropical Forest Forever Facility.Reuters
Wed, Nov 19
US Plains HRW Wheat-Basis flat, beneficial rains in forecast
CHICAGO, Nov 19 (Reuters) - Basis bids for hard red winter wheat were unchanged at grain elevators in the southern U.S. Plains on Wednesday and protein premiums held steady as wheat futures declined. Producers have nearly finished seeding the 2026 winter wheat crop and were waiting for rains in t...Reuters
Wed, Nov 19
LIVESTOCK-CME cattle futures slide under pressure from weak cash prices
By Tom Polansek CHICAGO, Nov 19 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures tumbled under pressure from weakness in the cash market on Wednesday, traders said.Lean hog futures rebounded after sliding on Tuesday to their lowest level in about seven months.In the c...Reuters
Wed, Nov 19
CIF/FOB Gulf Grain-Soybean barge bids mostly flat-weaker as demand slows
CHICAGO, Nov 19 (Reuters) - Basis bids for soybeans shipped by barge to the U.S. Gulf Coast were mostly steady to weaker on Wednesday as a flood of farmer selling this week replenished supplies in the export pipeline, traders said.Soybean basis values rallied earlier this week as top importer China ...Reuters
Wed, Nov 19
US Cash Crude-Mars Sour jumps to 4-month high on strong US refinery demand
HOUSTON, Nov 19 (Reuters) - Grades were mixed on Wednesday, dealers said, but Mars Sour, a grade favored by U.S. refiners, jumped to its highest since early July as U.S. refineries returned from a heavy maintenance turnaround season. Refinery crude runs USOICR=ECI rose by 259,000 bpd in the week end...Reuters
Wed, Nov 19
Fire hits Petrocedeno crude project in Venezuela, sources, media say
CARACAS, Nov 19 (Reuters) - A fire erupted on Wednesday at an oil project in Venezuela's eastern region where the crude upgrader Petrocedeno operates, according to local media and sources from state company PDVSA.Crude upgraders along the Orinoco Belt, Venezuela's main oil producing region, ...Reuters
Wed, Nov 19
