|Day's range||63.37 - 63.61|
The Trump administration has been eager to prop up the US coal industry despite evidence that it's in a steep decline.
By Henning Gloystein SINGAPORE (Reuters) - Oil prices climbed on Monday, pushed up by a drop in U.S. drilling activity and by fighting in Syria between Turkish forces and Kurdish fighters. Brent crude futures were at $68.79 at 0053 GMT, up 18 cents, or 0.26 percent, from their last close. Brent on Jan. 15 hit its highest since December, 2014, at $70.37 a barrel.
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures fell for a fourth straight day on Friday, weighed down ...
Non-OPEC producers, led by U.S. shale, could tackle the oil price rally in the first half of 2018 by bringing online new supply faster than demand grows
At the end of the session on Saturday with negotiations going nowhere, it’s starting to look like the shutdown could last well into next week.
The direction of the gold market this week is likely to be determined by the movement in U.S. Treasury yields and the U.S. Dollar.
On Friday, the International Energy Agency (IEA) reported both bullish and bearish information in its monthly report, but the bearish news outweighed the bullish news.
MOSCOW (Reuters) - Russian Energy Minister Alexander Novak met his Saudi counterpart Khalid al-Falih in Oman on Saturday, where they both expressed satisfaction with the way oil market has been rebalancing, the Russian energy ministry said. "The market sees the efforts are successful and reacts - the prices have almost reached $70 per barrel," Novak told Falih, according to the ministry's web site. The Organization of the Petroleum Exporting Countries and other producers, including Russia, are cutting oil output by 1.8 million barrels per day under a pact running until the end of 2018. ...
Rapidly rising shale production has not only reversed decades of decline but positions the country to become the top oil producer this year.
Malaysian palm oil prices are forecast to rise to 2,700 ringgit ($685.98) a tonne in the next three months due to falling stockpiles and increased demand from Indonesia, leading edible oils analyst James Fry said on Saturday. Crude palm oil (CPO) prices are also expected to hit $690 a tonne on a free-on-board basis, he told an edible oils conference in Karachi, Pakistan, according to an early copy of his presentation. Rising stock levels typically weigh on benchmark palm oil prices, which have lost more than 10 percent since November on rising Malaysian stockpiles.