Market Pulse - Commodities
Commodities: Crude firms on hopes producers will abide by output cap
Crude-oil futures were higher on Thursday afternoon, propped by positive sentiment that producers of the black liquid would abide to an output cap.
Commodities: Crude mixed as WTI promises 5-day winning streak
Crude-oil futures were mixed, albeit barely moved, with West Texas Intermediate looking hopeful to extend its winning streak to five consecutive sessions.
Obama places permanent ban on oil drilling in Arctic and Atlantic oceans
US president Barack Obama has permanently banned oil and gas drilling in US-owned waters, which cover the majority of the Arctic and Atlantic oceans.
Commodities: Crude futures rise ahead of API figures, remain below December highs
Crude-oil futures are higher on Tuesday afternoon but remain below their December highs, with an expectation that prices might now stabilise going forward.
Commodities: Crude prices ease as sceptics make presence felt
Crude-oil futures are ticking mildly lower on Monday afternoon as those traders sceptical about recent production deals and expecting a rise in US production made their presence known in the market.
Saudi Arabia to modify financial strategy due to Trump - WSJ
A shifting of the political plates in the United States has led to a reconsideration of Saudi Arabia's financial strategy, according to a report from the Wall Street Journal.
Goldman nudges 2017 Brent oil price forecast higher
Goldman Sachs reshuffled its oil price forecasts following the recent agreements reached by OPEC and non-OPEC producing nations to take 1. 8m barrels a day off the market and forecast slightly higher prices would prevail next year.
Commodities: Saudi pulls out all the stops, oil futures gain
Fresh gains for crude oil futures after non-OPEC countries agreed to slash their own output levels kept commodities in the black despite a down day for the greenback on foreign exchange markets.
Oil prices shoot higher after non-OPEC deal, Saudi says will cut more
Oil prices shot higher after non-OPEC producers agreed to reduce their own output in parallel to the cut announced by the oil cartel on 30 November.
UK goods trade deficit falls sharply in October
The UK´s total trade deficit fell more quickly than expected in October as the shortfall in its trade in goods dropped sharply.
Commodities: Crude futures slip lower, silver gains
Declines in energy and agricultural futures weighed on the commodities space, with a bounce in precious metals providing a partial offset.
Churchill Mining's $1bn claim against Indonesia struck off
A tribunal has struck out a claim by Churchill Mining for damages after Indonesia’s government revoked its licence for a coal project.
Bonds: Italian lenders' risk spreads narrow sharply
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Commodities: US shale producers hedge their production
Crude oil futures slipped back with markets focused on the possibility that US alternative oil producers were using the current upswing to lock-in prices for their production in 2017 and 2018.
Russia CPI slips in November as good harvest cuts food prices
Increases in the cost of living in Europe's largest country declined in November as food price inflation slowed, but not by enough to justify another interest rate cut at its central bank's next policy meeting.
S&P Global upgrades Anglo American's long-term debt to 'BB+'
S&P Global upgraded mining company Anglo American's long-term debt to ‘BB+’ from ‘BB’ and raised its South Africa national scale rating to 'zaA/zaA-1 from 'zaBBB+/zaA-2' with a stable outlook for both.
Pharma stocks to outperform versus Miners as US dollar gains, Deutsche Bank says
Pharmaceuticals' recent underperformance versus Mining stocks might be set to end, strategists at Deutsche Bank said.