ASIA-PAC COMMODITY UPDATE: Uneventful trade across commodities
Analysis details (02:41)
WTI and Brent futures are softer but off worse levels following China’s COVID-induced losses from the prior session which saw both benchmarks settle lower by around USD 3/bbl apiece. News flow for the complex has been relatively light during APAC hours but crude futures eased off worst levels after Beijing reported a lower number of confirmed cases vs the prior day. Nonetheless, WTI Dec resides under USD 85/bbl whilst Brent Jan sees some resistance at USD 93/bbl. Elsewhere, spot gold is flat intraday around USD 1,770/oz and not far away from yesterday’s USD 1,775/oz peak. Base metals are relatively flat and mixed with little standing out at the time of writing.
15 Nov 2022 - 02:41- Research Sheet- Source: Newsquawk
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