MNI JAPAN NOV TOKYO CORE CPI +2.2% Y/Y; OCT +1.8%

MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1894 Thurs; -1.38% Y/Y

MNI: GERMANY NOV CPI +2.2% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: GERMANY NRW NOV CPI -0.3% M/M, +1.9% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

COMMODITIES: Crude Regains Ground, Henry Hub Climbs, Gold Consolidates

COMMODITIES
EM BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsEmerging Market News
  • WTI has regained ground after a Reuters report that OPEC+ is discussing output return delays for Q1 2025. It would mark the third delay by the group but represent a longer delay than the prior one-month extensions.
  • WTI Jan 25 is up by 0.3% at $68.9/bbl.
  • Meanwhile, the IDF has confirmed that it struck a Hezbollah-affiliated compound in Southern Lebanon, which appears to violate the terms of the Israel-Hezbollah ceasefire agreed this week.
  • For WTI futures, support is seen at $65.74, the Oct 1 low. Initial firm resistance to watch is unchanged at $72.41, the Nov 7 high.
  • Henry Hub has edged higher on thin volume due to the US Thanksgiving holiday. It is rebounding some of the steeper losses from yesterday after a small US gas storage draw, as expected, in EIA data.
  • US Natgas Jan 25 is up 2.9% at $3.30/mmbtu.
  • Spot gold continues to consolidate after the sharp pullback on Monday, with the yellow metal 0.1% higher at $2,638/oz.
  • Resistance to watch remains at $2,721.4, Monday’s high, while key support is at $2,536.9, the Nov 14 low.
  • Silver is outperforming slightly, currently 0.5% higher at $30.2/oz.
  • Initial firm resistance to watch is $31.202, the 50-day EMA.
193 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • WTI has regained ground after a Reuters report that OPEC+ is discussing output return delays for Q1 2025. It would mark the third delay by the group but represent a longer delay than the prior one-month extensions.
  • WTI Jan 25 is up by 0.3% at $68.9/bbl.
  • Meanwhile, the IDF has confirmed that it struck a Hezbollah-affiliated compound in Southern Lebanon, which appears to violate the terms of the Israel-Hezbollah ceasefire agreed this week.
  • For WTI futures, support is seen at $65.74, the Oct 1 low. Initial firm resistance to watch is unchanged at $72.41, the Nov 7 high.
  • Henry Hub has edged higher on thin volume due to the US Thanksgiving holiday. It is rebounding some of the steeper losses from yesterday after a small US gas storage draw, as expected, in EIA data.
  • US Natgas Jan 25 is up 2.9% at $3.30/mmbtu.
  • Spot gold continues to consolidate after the sharp pullback on Monday, with the yellow metal 0.1% higher at $2,638/oz.
  • Resistance to watch remains at $2,721.4, Monday’s high, while key support is at $2,536.9, the Nov 14 low.
  • Silver is outperforming slightly, currently 0.5% higher at $30.2/oz.
  • Initial firm resistance to watch is $31.202, the 50-day EMA.