ASIA-PAC COMMODITY UPDATE: Crude attempts to claw back recently lost ground but metals are more caged
Analysis details (02:31)
WTI and Brent January contracts are firmer intraday and back on USD 82/bbl and USD 90/bbl handles respectively following hefty selling in the US session on account of several factors, such as the risk-off sentiment, which resulted in a strong Dollar, and Nigeria's Forcados crude oil terminal resuming loading. Spot gold sees modest gains above USD 1,750/oz after declining from a USD 1,774.80/oz high yesterday, with little action seen to reports that North Korea fired a suspected ICBM. CME copper is flat intraday after finding some resistance at USD 3/lb.
18 Nov 2022 - 02:31- Research Sheet- Source: Newsquawk
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts