PMET advances Shaakichiuwaanaan logistics with Matagami rail
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Oil: Diverging supply signals shape Brent – ING
ING’s Warren Patterson notes that ICE Brent has repeatedly dipped below $100/bbl but continues to settle above this level as the market weighs conflicting supply and geopolitical factors. Higher oil flows through the Strait of Hormuz, G7 reserve releases, and recovering Saudi pipeline capacity contrast with persistent Middle East tensions…
Gold Drops Over 1 Per Cent To Rs 1,48,850, Silver Gains As Bullion Markets Show Mixed Trends
Mumbai: Gold prices fell while silver moved higher in trade on Monday, as changes in the US dollar and geopolitical uncertainty influenced the bullion market . On the Multi Commodity Exchange, December gold futures traded at Rs 1,49,184 per 10 grams around 10 am, down Rs 1,206, or 0.8 per cent, from the previous close.
Saudi Arabia unexpectedly cuts November oil prices to Asia to 6-year lows
Saudi Arabia unexpectedly cut its oil prices for sale to Asia in November to six-year lows while raising them for northwest Europe and the Mediterranean, a pricing document showed on Monday.
Oil swings to loss as deep Saudi price cut offsets Yemen concern
Brent for December settlement fell 0.6% to $101.66 a barrel at 1:30 p.m. in Singapore.
US dollar rises against major currencies as Treasury yields climb
The US dollar strengthened against major currencies, supported by continued gains in Treasury yields and a weaker euro.
Japan's Nikkei hits 3-month high as AI shares rally
TOKYO: Japan’s Nikkei share average rose more than 2% to a three-month high on Monday, boosted by AI-related stocks, following gains on Wall Street at the end of last week. The Nikkei rose 2.53% to 70,037.61, its highest level since early July, by the midday break. The broader Topix rose 1.16% to 4,138.57.