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Commodities Corner: COVID infections, vaccine prospects play ‘tug of war’ with oil as traders look to OPEC+

Oil’s playing a tug of war game between rising COVID-19 cases and promising vaccine developments. MarketWatch photo illustration/iStockphoto The Organization of the Petroleum Exporting Countries and its allies are expected to extend oil production cuts into the new year in an effort to avoid a global glut of inventories. But with Covid-19 cases accelerating in… Continue reading Commodities Corner: COVID infections, vaccine prospects play ‘tug of war’ with oil as traders look to OPEC+

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Market Extra: Here’s what a Biden presidency spells for stocks, bonds and commodities

After days on tenterhooks, investors now have clarity about the next occupant of the White House and will start planning for the presidency of Joe Biden. On Saturday, Biden was projected the winner by the Associated Press. The 77-year-old Democrat beat Trump in Pennsylvania and other key states, propelling him to victory over incumbent President… Continue reading Market Extra: Here’s what a Biden presidency spells for stocks, bonds and commodities

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Commodities Corner: U.S. election brings win-lose scenarios to the oil and energy sector

Whether Republican Donald Trump is re-elected as president of the United States or Democrat Joe Biden wins the election, neither candidate is expected to bring a complete win-win for the energy market. What’s good for the energy sector — including oil producers — isn’t necessarily good for oil prices. “As promised in 2016, President Trump… Continue reading Commodities Corner: U.S. election brings win-lose scenarios to the oil and energy sector

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Two top Morgan Stanley commodities traders lose jobs over use of WhatsApp

Morgan Stanley’s two most senior commodities traders have lost their jobs for using WhatsApp and other unauthorised messaging platforms, reflecting Wall Street’s continued clampdown on communications channels that it cannot monitor. Nancy King, Morgan Stanley’s global head of commodities, and Jay Rubenstein, the bank’s head of commodities trading, are both leaving the bank after a… Continue reading Two top Morgan Stanley commodities traders lose jobs over use of WhatsApp