• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
A chart summarizing the overnight price movements of international spot platinum and palladium.According to the UAEs Al-Nazi newspaper, as the US and Iran prepare for diplomatic negotiations, the White House is secretly consulting with influential Iranian-Americans to develop a transition plan for the potential collapse of the current Iranian regime.February 6th, Futures News – According to foreign media reports, Malaysian crude palm oil futures on the Bursa Malaysia Derivatives Exchange (BMD) are likely to open lower on Friday morning, following the decline in external markets. Affected by the upcoming talks between the US and Iran, international crude oil futures fell nearly 3% on Thursday, coupled with weakness in Chicago soybean oil futures, which will drag down the early performance of Malaysian crude palm oil futures. The decline in oil prices has weakened the attractiveness of palm oil as a raw material for biofuels. However, the fundamentals of the palm oil market are positive, including declining production and increased exports, which will provide strong support for the market. Shipping surveyors reported that Malaysian palm oil exports increased by 14.9% to 17.9% in January. Data from the Southern Malaysian Palm Oil Association (SPPOMMA) shows that from January 1st to 31st, 2026, palm oil production in Southern Malaysia decreased by 13.08% month-on-month. The Malaysian Palm Oil Board (MPOB) will release palm oil inventory data next Tuesday. Analysts expect palm oil inventories to decline at the end of January, ending the previous 10-month streak of increases due to declining production and increased exports.The Shenzhen Stock Exchange announced that the list of Hong Kong stocks eligible for the Shenzhen-Hong Kong Stock Connect has been adjusted and will take effect on February 6, 2026, with Geek+-W being added.U.S. federal funds futures rose as much as 5 points, with the market pricing in an 80% probability of an FOMC rate cut in June.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Test New Highs

Cory Russell

Jan 18, 2023 16:09

Natural Gas

Natural gas settled near the $3.60 level as traders remained focused on weather forecasts. The current market consensus implies that weather will turn colder closer to the end of the month. However, it remains to be seen whether forecasts will provide additional support to natural gas markets in the near term as current demand for natural gas remains low.

WTI Oil

WTI oil tested new highs today as traders bet on rising demand from China. In its latest report, OPEC said that world demand will grow by 2.22 million bpd in 2023. However, this estimate could be revised as the fourth quarter of 2022 was stronger than expected.

Brent Oil

Brent oil has also enjoyed strong support in today’s trading session. While resistance near the $87 level remains strong, Brent oil will have a good chance to climb above this level if traders stay focused on rising demand from China.