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Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $60.04 per barrel, up from Thursday’s close at $59.40.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.33 price posted on Thursday, and trading at $63.97.
Fxstreet
Fri, Nov 7
REFILE-Freeport Indonesia says investigation on Grasberg incident has been concluded
JAKARTA, Nov 7 (Reuters) - Freeport Indonesia said an investigation into a fatal incident at its Grasberg Block Cave mine has been concluded and the company has received improvement recommendations from the mining ministry.The company is currently following up on all the recommendations given by the...Reuters
Fri, Nov 7
TECHNICALS-CBOT soybeans may retest support at $11.05-1/4
For more technical analyses, please click SINGAPORE, Nov 7 (Reuters) - The CBOT soybean January contract SF26 may retest support at $11.05-1/4 per bushel, a break below which could trigger a drop to $10.88.The bounce triggered by the support is classified as a pullback toward the neckline of a doubl...Reuters
Fri, Nov 7
WTI Price Forecast: Trades with modest gains below $60.00; not out of the woods yet
West Texas Intermediate (WTI) US Crude Oil prices edge higher during the Asian session on Friday and for now, seem to have snapped a four-day losing streak to an over two-week low, touched the previous day.Fxstreet
Fri, Nov 7
Trump to meet Hungary's Orban to discuss Russian oil, economic cooperation
Hungary wants exemption from sanctions over Russian oilTrump wants nations off of Russian oil to stop Ukraine warEconomic deals likely to be discussedBy Steve Holland and Anita Komuves WASHINGTON, Nov 7 (Reuters) - U.S. President Donald Trump sits down for talks with Hungarian Prime Minister Vikt...Reuters
Fri, Nov 7
Gold gains as dollar weakens, US rate-cut bets grow
US private jobs data indicates weak labour marketUS dollar fell to 1-week low on ThursdayGold trading below $4,000/oz, set for a weekly lossBy Ishaan Arora Nov 7 (Reuters) - Gold rose on Friday as the dollar slid after U.S. private-sector job reports signalled weakness in the country's labour...Reuters
Fri, Nov 7
Indonesia mining ministry evaluates fatal mud flow incident at Freeport's Grasberg
JAKARTA, Nov 7 (Reuters) - Indonesia's Energy and Mineral Resources Ministry is evaluating the fatal incidents at the Grasberg copper and gold mine, operated by Freeport Indonesia, a deputy minister said on Friday.The evaluation is aimed at determining the cause of the incident in September and ...Reuters
Fri, Nov 7
EXCLUSIVE-Japan to step up LNG purchases for emergency reserve from January, industry ministry sources say
JERA will buy at least one cargo per month for Japan reserve from JanuaryJERA can use or resell cargoes if emergency supply is not neededBy Yuka Obayashi TOKYO, Nov 7 (Reuters) - Japan, the world's No.2 LNG importer, plans to buy liquefied natural gas for emergency reserves on a monthly basis...Reuters
Fri, Nov 7
China begins commissioning of Fujian aircraft carrier
BEIJING, Nov 7 (Reuters) - China's President Xi Jinping attended a ceremony on Wednesday marking the commissioning of the country's newest aircraft carrier, the Fujian, state broadcaster CCTV reported on Friday.The ceremony was held at a military port in the southern city of Sanya in Hainan ...Reuters
Fri, Nov 7
China's October rare earth exports rise 9% from September
BEIJING, Nov 7 (Reuters) - China's rare earth exports rose 9% in October from September, customs data showed on Friday, the first month-on-month increase after three straight months of declines.China, the world's largest rare earth exporter, sold 4,343.5 metric tons of rare earths in Octobe...Reuters
Fri, Nov 7
China soybean imports hit record October high on strong South American supply
China's soybean imports hit record highs for six consecutive monthsOctober imports fell 26% from September, following seasonal patternsBy Ella Cao and Lewis Jackson BEIJING, Nov 7 (Reuters) - China's soybean imports reached a record level for the month of October, a Reuters calculatio...Reuters
Fri, Nov 7
PRECIOUS-Gold gains as dollar weakens, US rate-cut bets grow
US private jobs data indicates weak labour marketUS dollar fell to 1-week low on ThursdayGold trading below $4,000/oz, set for a weekly lossBy Ishaan Arora Nov 7 (Reuters) - Gold rose on Friday as the dollar slid after U.S. private-sector job reports signalled weakness in the country's labour...Reuters
Fri, Nov 7
GRAINS-Soybeans set for first weekly drop in a month on dismal Chinese buying
Soybeans firm after lower close; set for modest weekly dropLower than expected Chinese buying to cap pricesChina's Oct soybean imports at record high for the monthBy Naveen Thukral SINGAPORE, Nov 7 (Reuters) - Chicago soybeans firmed on Friday, but the market was on track for its first monthl...Reuters
Fri, Nov 7
BREAKINGVIEWS-Macquarie shareholders are living in the past
By Antony Currie MELBOURNE, Nov 7 (Reuters Breakingviews) - Macquarie's MQG.AX earnings have been coming back down to earth for more than a year. The firm's bottom line for the six months to the end of September fell 21% from the previous half-year period to just under A$1.7 billion ($1....Reuters
Fri, Nov 7
Trump meets Central Asian leaders to boost critical mineral ties
Trump hosts talks with five Central Asian leadersUS seeks partnerships on critical minerals, energy and tradeCentral Asia remains economically tied to Russia, with China in the wingsBy Jarrett Renshaw and Nandita Bose Nov 6 (Reuters) - U.S. President Donald Trump on Thursday called critical miner...Reuters
Fri, Nov 7
Trump administration must fully fund food aid benefits by Friday, US judge rules
Rhode Island judge orders USDA to fully fund SNAP benefits by FridayJudge rejects USDA's plan to only partially fund SNAP benefits in NovemberSome states could not quickly distribute partial benefitsBy Nate Raymond Nov 6 (Reuters) - A federal judge ordered U.S. President Donald Trump's ad...Reuters
Fri, Nov 7
PRECIOUS-Gold gains on softer dollar, increasing bets of Fed rate cut
Nov 7 (Reuters) - Gold rose on Friday as the dollar slid after private-sector job reports indicated weakness in the U.S. labour market increasing expectations of another Federal Reserve interest rate cut, while a prolonged government shutdown also boosted safe-haven demand.FUNDAMENTALSSpot gold XAU=...Reuters
Fri, Nov 7
Oil heads for second weekly loss as supply concerns weigh
EIA data show US crude stocks rose more than expected last weekPrivate reports suggest US labor market weakened in OctoberGunvor withdraws proposal to buy Lukoil's overseas assetsBy Florence Tan SINGAPORE, Nov 7 (Reuters) - Oil edged up on Friday following three days of declines on worrie...Reuters
Fri, Nov 7
