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- MetalsResearch Sheet- Source: Newsquawk
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