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(Oil price) Conflict trading ahead of OPEC meeting at the end of the month SINGAPORE, Nov. 20 Traders are reluctant to take a new position ahead of the Organization of Petroleum Exporting Countries (OPEC) talks at the end of the month. As of 10:03 am, the Brent futures LCOc1 and US crude oil futures CLc1 are trading at $ 62.60 a barrel, down 0.32 percent, and $ 56.60 a barrel, up 0.1 percent. Traders say, "We are reluctant to take large new positions due to market uncertainty."

(US stocks / closed) Three major indexes ... Concerns about US tax reform NEW YORK, Nov. 18 (Reuters) - The number of shares in the New York Stock Exchange fell sharply in a day. Without special materials to move the market, investors focused on uncertainty about tax reforms. The Dow Jones industrial average fell 100.12, or 0.43 percent, to 23,358.24. The Standard & Poor's 500 index fell 6.79p, or 0.26 percent, to 2,578.85. The Nasdaq composite index fell 10.50, or 0.16 percent, to 6,782.79. Matt Lloyd, senior investment strategist at Advisor Asset Management, said investors are likely to remain in position, saying it is unlikely that new bets will be seen as the trading volume declines for next week's Thanksgiving holiday. "The main factors that will have the greatest impact on the stock market are the Senate and the House of Representatives," he said. "Everyone is interested in whether the House and Senate will pass the tax reform bill and bring i...

(Metal) Nickel / Copper prices rise ... Dollar weakness + inventory decrease London, Nov. 18 - Nickel and copper prices rose on Thursday (local time). It is the impact that the dollar depreciated. In the week, however, both metals showed a downward trend. On the London Metal Exchange (LME), nickel rose 1.8 percent to $ 11,572 a tonne. The weekly rate was down 4.4 percent. Copper rose 0.6 percent to $ 6777 a tonne. It fell 0.5% in the week. For the month, nickel prices peaked in two years. Expectations that nickel will be used in electric vehicle batteries have raised nickel prices. However, since then inventory has increased and nickel prices have fallen. In the LME warehouse, on-warrant copper inventories fell 6925 metric tons to 142,950 metric tons. Nickel inventory fell 7302 tonnes to 246 650 tonnes. Wood McKinsey, a consulting firm, predicts that nickel demand for electric vehicle batteries will increase to about 220,000 tonnes by 2025. Last year demand was about 40,000 to...

US 738 crude borehole numbers this week are the same as last week November 18 - US crude borehole numbers this week were unchanged from last week. According to energy service provider Baker Hughes, US crude borehole numbers this week totaled 738 last week, the same as last week. The crude oil borehole is a leading indicator for estimating future oil production, which is still high compared with 471 crude oil bore holes in operation a year ago. US light crude (WTI) prices in the US have been around $ 50 a barrel this year. The average of last year is above $ 43.47. The WTI this week traded at about $ 56 per barrel. It retreated slightly from its record high of $ 58 in July 2015. The WTI is expected to trade at $ 56 per barrel for the rest of the year and next year. According to US investment bank Cowen Nco, US oil producers have increased their spending on drilling facilities by about 53 percent over the previous year. "The United States will be a clear leader in oil an...

(Oil Price) rebounded 2% in 6 trading days ... "Expectation to extend production" NEW YORK, Nov. 18 (Reuters) - International oil prices climbed more than 2 percent on Thursday, closing a five-day losing streak. OPEC's oil pipeline has been shut down and oil prices have risen amid hopes of extending the OPEC cut production agreement. However, the weekly decline was only six weeks. West Texas light crude (WTI) rose $ 1.41, or 2.6 percent, to $ 56.55 a barrel. Brent oil rose 2.2 percent to $ 62.72 a barrel. Both WTI and Brent fell 0.3 percent and 1.3 percent respectively during the week. Uncertainty over Russia's position on extending the US output and OPEC output cuts fueled oil prices. Saudi Arabia's energy minister said yesterday that oil prices were rising as he suggested he would extend the reduction agreement at the OPEC meeting. "Saudi energy minister's remarks have raised the possibility of an extension of the reduction agreement," said P...

(Metal) Gold rose 3-month maximum ... "Uncertain tax reform" NEW YORK / LONDON, Nov. 18 (Reuters) - Gold prices rose on Thursday (local time). The US dollar weakened due to uncertainty over US tax reforms. Gold futures rose 1.4 percent to $ 1296.50 an ounce. Gold spot prices rose 1.2 percent to $ 1293.53 an ounce in late New York trading. It is the maximum daily rise since August 28th. The price hit a record high of $ 1297 a barrel since the 16th of last month. The weekly rate climbed 1.3%, the biggest weekly gain since mid-last month. Tai Wong BMO Capital Market Jewelery Trading Head said, "Investor sentiment has shifted toward the weaker dollar, with the possibility of reducing the number of Republican seats in which the overwhelming majority of Senate elections result in a bare minimum". "The gold price will be able to test the $ 1310 line, a crucial medium-term resistance early next week," he said. The previous day, the House of Representatives a...