Morning Oil Report 18/11/20

Brent crude futures for January rose 19 cents, or 0.43%, to $43.94 a barrel by 0744 GMT, while U.S. West Texas Intermediate crude for December eased 3 cents, or 0.1%, to $41.40 a barrel by 0430 GMT. This rise has continued into the morning trading, with Brent pushing above $44.   API Predictions: Crude +4.174 …

European close

As expected, the iron ore market has traded up to new highs today with the DCE futures trading up to 861.5 and the Dec offshore trading to a high of USD 122.99. Iron ore is following the steel Rebar that continues to push higher on strong industrial and property data with output in October remaining …