NEWS

Google Ad

Global industrial equipment manufacturer Caterpillar reported worse than expected third quarter 2019 EPS before the market open Wednesday and again warned that China demand was falling. $CAT fell 2.5% but reversed to close up 1.2% on the day. Caterpillar also lowered full-year earnings guidance.

EIA reported the first draw in six weeks, after API had reported another build earlier. Crude oil inventories fell, -1699k bbls the government agency said. Gasoline and Distillate both drew ast week. Cushing grew again with +1506k bbls. US production stayed at the record high with 12.60 mbpd.

Natural gas futures ran up ahead of the EIA report of  a build of +87 Bcf in natural gas storage last week. Ahead we focus on LNG and Mexican exports and the winter outlook for the US.

The Premiere of Ontario wasn't seen on the campaign trail during Canada's Federal election that seen Justin Trudeau re-elected.

Less than 20 years after launching the Shanghai Gold Exchange has become the world’s largest physical gold exchange. This trend is set to continue with two new futures contracts connecting CME Group gold futures to Shanghai Gold Exchange having launched in October.

Google ads