News
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WTI trades with mild gains above $60.50 on hopes of US government reopening
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.85 during the Asian trading hours on Wednesday. The WTI trades with mild gains amid renewed investor confidence after a US government deal.
Fxstreet
Wed, Nov 12
Silver Price Forecast: XAG/USD attracts some sellers to near $51.00 on stronger US Dollar
Silver price (XAG/USD) edges lower to near $51.10, snapping the five-day winning streak during the early European session on Wednesday. The white metal loses ground amid the renewed US Dollar (USD) demand.
Fxstreet
Wed, Nov 12
ROI-IEA’s bullish oil outlook is a nod to Trump, wake-up call for world
The International Energy Agency’s latest outlook signals that oil demand may continue rising into 2050, a sharp shift from its previous reports and a stark reminder of how dominant black gold remains in the global economy.Reuters
Wed, Nov 12
TABLE-North Sea gas maintenance schedule: adds Aldbrough outage
Nov 12 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Wed, Nov 12
World oil and gas demand could grow until 2050, IEA says
IEA's current policies scenario shows no oil demand peak before 2050LNG supply to grow 50% by 2030US has criticized the IEA for clean energy focusIEA says target to limit temperature rise at 1.5C out of reachBy Susanna Twidale LONDON, Nov 12 (Reuters) - Global oil and gas demand could grow un...Reuters
Wed, Nov 12
PRECIOUS-Gold rally eases as dollar edges higher, investors cash out
Dollar edges up from more than one-week lowSPDR Gold Trust holdings rose 0.41% on TuesdayBy Brijesh Patel Nov 12 (Reuters) - Gold prices slipped on Wednesday, pulled down by a rebound in the dollar and profit-booking after bullion rose to a near three-week high in the previous session on expectat...Reuters
Wed, Nov 12
TECHNICALS-CBOT soybeans may rise into $11.44-$11.49 range
For more technical analyses, please click SINGAPORE, Nov 12 (Reuters) - The CBOT soybean January contract SF26 is poised to break resistance at $11.35-3/4 per bushel, and rise into $11.44-$11.49 range.The contract is making its third attempt. Experience indicates that it is highly likely to succeed....Reuters
Wed, Nov 12
Gold consolidates near three-week high as risk-on mood offsets dovish Fed bets
Gold (XAU/USD) is seen hovering near a three-week high during the Asian session on Wednesday, with bulls awaiting a move beyond the $4,150-4,155 horizontal barrier before positioning for any further appreciating move.
Fxstreet
Wed, Nov 12
Tokyo protests Russia's wider entry ban over Ukraine sanctions
TOKYO, Nov 11 (Reuters) - Japan decried as "absolutely unacceptable" on Wednesday Russia's extension of an entry ban to 30 more citizens, among them a foreign ministry spokesperson, after Tokyo's sanctions over Moscow's nearly four-year-old war in Ukraine.Following similar moves ...Reuters
Wed, Nov 12
PRESS DIGEST-British Business - November 12
Nov 12 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- The Japanese technology investor SoftBank 9984.T has offloaded its entire shareholding in Nvidia NVDA.O...Reuters
Wed, Nov 12
PRECIOUS-Gold extends rise on softer dollar, Fed rate cut hopes
Dollar languishes near more than one-week lowSPDR Gold Trust holdings rose 0.41% on TuesdayBy Brijesh Patel Nov 12 (Reuters) - Gold rose for a fourth straight session on Wednesday, supported by a weaker dollar and expectations that the reopening of the U.S. government and flow of economic data wi...Reuters
Wed, Nov 12
GRAINS-Soybeans firm ahead of USDA data; weak China demand caps gains
BEIJING, Nov 12 (Reuters) - Chicago soybeans rose on Wednesday ahead of the official U.S. data on global supply and demand on Friday, the first update in weeks, but the absence of large scale purchases by China kept a lid on prices.Corn prices ticked higher, while wheat slid.FUNDAMENTALSThe most-act...Reuters
Wed, Nov 12
Oil prices little changed as markets eye US government reopening
By Colleen Howe BEIJING, Nov 12 (Reuters) - Oil prices were little changed on Wednesday after rising in the previous session amid expectations that an end to the longest-ever U.S. government shutdown could boost demand in the world's biggest crude consuming nation.Brent crude futures LCOc1 sl...Reuters
Wed, Nov 12
PRECIOUS-Gold gains for fourth day on softer dollar, Fed rate-cut optimism
Nov 12 (Reuters) - Gold rose for a fourth straight session on Wednesday, supported by a weaker dollar and expectations that the reopening of the U.S. government and flow of economic data will strengthen bets for an interest rate cut from the Federal Reserve next month.FUNDAMENTALSSpot gold XAU= was ...Reuters
Wed, Nov 12
Australia's Liontown taps Metalshub for online Kathleen Valley lithium auctions
Nov 12 (Reuters) - Liontown Resources LTR.AX said on Wednesday it had partnered with German digital commodities platform Metalshub to run online auctions for spodumene concentrate from its Kathleen Valley lithium project in Western Australia. Shares in the Australian lithium miner jumped as much as ...Reuters
Wed, Nov 12
At COP30, California Governor Newsom blasts Trump for 'dumb' US climate policy
Trump allowing China to 'dominate' clean energy, Newsom saysNewsom says politicians need to change climate messagingCalifornia has the world's No. 4 economyBy Valerie Volcovici BELEM, Brazil, Nov 11 (Reuters) - California Governor Gavin Newsom assured an audience at the COP30 clim...Reuters
Tue, Nov 11
Gold Price Forecast: XAU/USD extends upside to near $4,150 as ADP report shows US job losses
Gold price (XAU/USD) extends the rally to around $4,140 during the early Asian session on Wednesday. The precious metal gains momentum on further bets of a rate cut by the US Federal Reserve (Fed) by year-end. Traders will keep an eye on the Fedspeak later on Wednesday.Fxstreet
Tue, Nov 11
Communities donate meals and funds as US food aid remains in limbo
Food bank donations rise, restaurants offer free meals during SNAP lapseSNAP benefit distribution varies by state as legal battle unfoldsNearly 42 million Americans use food stamp benefitsBy Brad Brooks, Leah Douglas and Andrew Hay LONGMONT, Colorado, Nov 11 (Reuters) - For Anthony DeSousa, the ...Reuters
Tue, Nov 11
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Nov 12 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$64.90/$64.69res $65.39/$65.80/$66.18Palm oil (3rd month)4,174/4,196 ringgitsup 4,124/4,107/4,080 ringgitWTI(1st month)$60.68/$60.44res $61.22/$61.69/$61.95Spot gold$4...Reuters
Tue, Nov 11
US Supreme Court extends pause on order requiring Trump to fully fund food aid
WASHINGTON, Nov 11 (Reuters) - The U.S. Supreme Court on Tuesday extended a pause on a judge's order that required President Donald Trump's administration to fully fund food aid for 42 million low-income Americans this month amid the federal government shutdown, even as lawmakers took steps ...Reuters
Tue, Nov 11
