Market Pulse - Commodities
Crude oil fall enters bear market territory
Oil prices slid into bear market territory on Friday, with crude dropping below $70 per barrel for the first time in seven months.
Commodities: Brent futures pace losses as US dollar climbs
Commodities weakened further on Thursday with losses in Brent crude oil futures pacing losses as the Greenback gained altitude.
CBR head of research says September hike was a 'one-off'
The Russian central bank's September interest rate hike was a 'one-off', one of its top officials reportedly said.
Plexus reports steady losses and targets Russian market
Plexus reported a stabilised annual loss on Thursday after the £42. 5m sale of its wellhead exploration equipment services business to TechnipFMC (TFMC).
South Korea offers spark of hope as Toshiba scraps UK nuclear arm
Crisis-hit Toshiba is to close its British nuclear energy business NuGeneration, throwing the future of the Moorside nuclear plant in Cumbria into doubt - although the South Korea government has not ruled out stepping in.
Chinese export and import growth holds up better-than-expected in October
Chinese export and import growth held up better than had been expected last month, with the former boosted by companies attempting to front-run US tariffs which were set to come in at the start of 2019.
WTI futures slip after "overwhelmingly bearish" DoE inventory report
US oil inventories bulged last week as domestic output jumped by more than had been expected and exports slipped.
Commodities: DoE data weighs on energy futures
An unexpectedly large build in US oil stockpiles pressured energy futures lower, dragging on a widely-followed gauge for the entire commodities complex.
Ascent Resources 'unlikely' to have update on Slovenian permits within the week
Ascent Resources believes it is "unlikely" any substantive developments will occur in its ongoing spat with the government of Slovenia over its failure to grant permits within a week from now.
Russia and Saudi discuss cutting oil output in 2019
Russia and Saudi Arabia are discussing reducing their levels of oil output.
GCM Resources buoyed by study results at Bangladesh project
GCM Resources’ shares were boosted on Tuesday after a prefeasibility study confirmed 6,000 megawatts can be generated at its planned mine-mouth coal-fired power plants in Bangladesh.
Xi stresses China's commitment to free trade
Xi Jinping stressed China’s commitment to free trade and attacked the “law of the jungle” approach that he claimed the Trump administration is taking.
Commodities: Natural gas futures surge ahead of cold snap
Commodity prices advanced at the start of the week, with natural gas prices in the States pacing on the back of what analysts said was a lack of inventories ahead of the arrival of a 'cold snap'.
JP Morgan remains overweight US stocks, says miners "very attractive"
Strategists at JP Morgan sounded a 'bullish' note on the outlook for equities in the US, as well as for Emerging Markets, while highlighting miners as "very attractive".
Oil prices little moved as US sanctions on Iran come into force
Oil prices flatted out on Monday as US economic sanctions against Iran were reinstated but with eight countries given exemptions.
US to reimpose sanctions on Iran, eight countries exempted
The US administration will reimpose the sanctions on Iran which had been lifted in the wake of the 2015 nuclear deal starting from Monday.
Berenberg sees 'more value' in the exploration and production space
Analysts at Berenberg feel the worst may finally be over for oil and gas exploration and production outfits, with the sector having emerged from its latest downturn stronger than before and ready to reap the benefits of a stronger commodities market.
Trade talks between Trump and Xi at G20 in Buenos Aires are on
America's President and his Chinese counterpart have confirmed that they will meet on the sidelines of the G20 leaders' meeting in Buenos Aires, Argentina, on 31 November-1 December.