Oil Through the Looking Glass 12.11.2020

*Oil Falls After IEA Cast Doubt on Quick Demand Recovery* The IEA have casted doubt over the recovery of oil demand amid surging infection across Europe and America, with the UK being the first country to reach the miles stone of 50,000 deaths. New York has ordered bars and restaurants to close early as cases …

DCE stabilizes on decent steel demand

Iron ore futures saw a selloff at the afternoon session but managed to stabilize at the close to gain some ground. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange were almost flat with a small rise of 0.18 % or RMB 1.50 day-on-day to RMB 835.50/mt on Thursday. The …