Commodities and Energy Page Editor: Clarence Fernandez, Singapore newsroom, +65 6870 3861 Provided by: Reuters News Updated: 05 Nopember 2008 9:24:29 (GMT+07:00)
Oil falls over $1 on profit-taking, eyes US poll PERTH, Nov 5 (Reuters) - Oil fell more than $1 to hover below $70 a barrel on Wednesday, as investors took profit after prices leapt 10 percent in the previous session, but losses were tempered as traders awaited the results of the U.S. presidential election before making any major moves. Story ID: nSYD424660 Gold slips as U.S. election results trickle in SINGAPORE, Nov 5 (Reuters) - Gold slipped on Wednesday as speculators booked profits from a 5-percent rally in New York, while a rebound in the dollar ahead of the outcome of the U.S. presidential election also spurred selling. Story ID: nSP84174 U.S. corn, soy steady after rally, eye poll result SINGAPORE, Nov 5 (Reuters) - Chicago corn and soybean futures were largely unmoved in early Asian trade on Wednesday after a rally in the previous session as investors awaited results of the U.S. election, which could remove some uncertainty for global financial markets. Story ID: nSP331713 Shanghai copper up 2.5 pct, LME eases SINGAPORE, Nov 5 (Reuters) - Shanghai copper rose 2.5 percent in early trade on Wednesday, but London prices shed 2.3 percent in profit taking after rising more than 6 percent overnight. Story ID: nSP95438 COMMODITIES-Mostly up as US votes; Saudi cuts boost oil NEW YORK, Nov 4 (Reuters) - Commodities paraded higher on Tuesday as America voted for a new president, with a weaker dollar and a stock market rally on Wall Street underpinning most raw materials. Story ID: nSP393794 Saudi makes significant oil cuts to some buyers SINGAPORE/LONDON, Nov 4 (Reuters) - Top oil exporter Saudi Arabia has already cut significantly crude supplies to some of its customers, industry sources said on Tuesday, quelling doubts OPEC would stick to its latest output deal. Story ID: nSP353393 Record high China fuel stocks show dismal demand BEIJING, Nov 4 (Reuters) - China's commercial gasoline and diesel stocks rose further to a record high over September, a Xinhua newsletter reported on Tuesday, the latest evidence of unexpectedly weak demand after the Olympics. Story ID: nSIN361420 Credit, economic woes push sea freight to 9-year low LONDON, Nov 4 (Reuters) - The Baltic Exchange's dry sea freight index for global resources trade sank to a 9-year low on Tuesday, as fears of global recession and tight lines of credit suffocated trade, industry experts said. Story ID: nL483435 SAfrica says weak metal prices to hit mining JOHANNESBURG, Nov 4 (Reuters) - South Africa's Minerals and Energy Minister, Buyelwa Sonjica said on Tuesday the global financial crisis that had led to a decline in metal prices would negatively impact the country's mining sector. Story ID: nL4449656 Disease seen slashing Ivorian cocoa exports ABIDJAN, Nov 4 (Reuters) - Cocoa exporters in world No. 1 grower Ivory Coast would this year have much less supply to ship than last year as a result of black pod disease that swept through farms in August and September, they said on Tuesday. Story ID: nL477779 ADM profit soars on higher prices; shares jump NEW YORK, Nov 4 (Reuters) - Archer Daniels Midland Co reported a quarterly profit that beat Wall Street forecasts by a wide margin, helped by higher selling prices for foods like corn syrup and hedging gains on raw material costs. Story ID: nN04365459 SOFTS-Robusta coffee soars in commods rally NEW YORK/LONDON, Nov 4 (Reuters) - Robusta coffee futures soared more than 8 percent on investment fund buying on Tuesday as markets anticipated more interest rate cuts that could ease a global economic downturn and shore up demand for commodities. Story ID: nL4691524 Copyright © 2008 Reuters News
