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China to step up policy support for private investment in energy sector
BEIJING, Nov 11 (Reuters) - China will increase policy support to attract private investment in the energy sector, an official with the National Energy Administration told a press conference on Tuesday.China unveiled new policy measures on Monday to revive private investment, including encouraging p...Reuters
Tue, Nov 11
METALS-Copper climbs on US shutdown deal, supply tightness
SHANGHAI, Nov 11 (Reuters) - Copper prices climbed on Tuesday, as a potential resolution to the U.S. federal government shutdown lifted market sentiment, while fresh production data reinforced expectations of tighter supply next year.The most-traded copper contract SCFcv1 on the Shanghai Futures Exc...Reuters
Tue, Nov 11
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $59.78 per barrel, down from Monday’s close at $60.06.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.69 after its previous daily close at $63.96.
Fxstreet
Tue, Nov 11
PRECIOUS-Gold at near 3-week peak on rate-cut bets, traders eye end to US shutdown
US Senate passes bill to end shutdownGold hits highest since October 23Palladium up more than 1%By Brijesh Patel Nov 11 (Reuters) - Gold prices rose further on Tuesday to hit their highest level in nearly three weeks, helped by growing expectations of another U.S. Federal Reserve interest rate cu...Reuters
Tue, Nov 11
WTI Price Forecast: Trades broadly sideways near 20-day EMA around $60.00
West Texas Intermediate (WTI), futures on NYMEX, trades 0.5% lower to near $5975 during the early European session on Tuesday. The Oil price faces pressure on oversupply worries, following the announcement from the OPEC+ that it will increase December output targets by 137,000 barrels per day.Fxstreet
Tue, Nov 11
TECHNICALS-CBOT soybeans may revisit November 5 high of $11.37
For more technical analyses, please click SINGAPORE, Nov 11 (Reuters) - The CBOT soybean January contract SF26 may revisit its November 5 high of $11.37 per bushel, as it has climbed above the peak of a wave b at $11.26-3/4.The uptrend from $10.18-3/4 may have resumed. Based on the depth of the corr...Reuters
Tue, Nov 11
ROI-Copper joins critical minerals list but the US has plenty already: Andy Home
By Andy Home LONDON, Nov 11 (Reuters) - Copper has been added to the U.S. government's list of critical minerals - the metals deemed vital to the country's economic and national security. Fortunately, the United States has already accumulated what is the world's second largest copper ...Reuters
Tue, Nov 11
ROI-Saudi crude oil price cut is just enough to stay competitive: Russell
Reuters Open Interest (ROI) is your essential source for global financial commentary. By Clyde Russell LAUNCESTON, Australia, Nov 11 (Reuters) - The decision by Saudi Aramco to cut the price of its crude oil for Asian refiners for December cargoes has been viewed as a move to build market share a...Reuters
Tue, Nov 11
Soybeans ease after rally, market awaits Chinese purchases
Chicago soybeans fell for the first time in three sessions on Tuesday, as the market came under pressure amid a lack of large-scale purchases by China, the world's biggest importer of the oilseed, despite earlier announcements from U.S. officials.Reuters
Tue, Nov 11
China devises plan to keep US military from getting its rare-earth magnets
China plans to ease the flow of rare earths and other restricted materials to the U.S. via a system that will exclude companies with ties to the U.S. military while fast-tracking export approvals for other firms, the Wall Street Journal reported on Monday, citing people familiar with the matter.Reuters
Tue, Nov 11
Gold hits near 3-week peak on rate-cut bets, US shutdown optimism
Gold prices rose further on Tuesday to hit their highest level in nearly three weeks, helped by growing expectations of another U.S. Federal Reserve interest rate cut in December and signs of an end to the U.S. government shutdown.Reuters
Tue, Nov 11
China ready to resume exchanges and cooperate with Canada, foreign minister says
BEIJING, Nov 11 (Reuters) - China is willing to resume exchanges with Canada and cooperate in various fields, its foreign minister said to his Canadian counterpart without specifying the sectors, the official Xinhua news agency reported on Tuesday.Foreign Minister Wang Yi said China is willing to st...Reuters
Tue, Nov 11
TABLE-North Sea gas maintenance schedule: revises Rough Storage Facility outage
Nov 11 (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
Tue, Nov 11
PRECIOUS-Gold hits near 3-week peak on rate cut bets, end to US shutdown
US Senate passes bill to end shutdownGold prices hit highest since October 24Palladium up more than 1%By Brijesh Patel Nov 11 (Reuters) - Gold extended gains to a near three-week high on Tuesday, helped by growing expectations of another U.S. Federal Reserve interest rate cut in December and sign...Reuters
Tue, Nov 11
METALS-Copper climbs on US shutdown deal, supply tightness
SHANGHAI, Nov 11 (Reuters) - Copper prices climbed on Tuesday, as a potential resolution to the U.S. federal government shutdown lifted market sentiment, while fresh production data reinforced expectations of tighter supply next year.The most-traded copper contract SCFcv1 on the Shanghai Futures Exc...Reuters
Tue, Nov 11
Oil retreats on oversupply worries
Nov 11 (Reuters) - Oil prices dipped in early Asian trade on Tuesday, trimming gains from the previous session as oversupply concerns outweighed optimism over a potential resolution to the U.S. government shutdown. Brent crude futures LCOc1 fell 13 cents, or 0.2%, to $63.93 a barrel by 0100 GMT. U.S...Reuters
Tue, Nov 11
LIVESTOCK-CME cattle futures soar in technical bounce; daily limits widen for Tuesday's trade
By Julie Ingwersen CHICAGO, Nov 10 (Reuters) - Feeder cattle futures on the Chicago Mercantile Exchange settled up their daily limit on Monday and benchmark live cattle futures ended nearly limit-up in what analysts said was a largely technical bounce after a steep sell-off last week.Additional s...Reuters
Tue, Nov 11
