From Investing.com: 2024-12-18 03:53:00

The market has stabilized with natural gas rallying after the EU reaffirmed stoppages of Russian flows via Ukraine. NYMEX WTI is trading above $70/bbl following a reported drawdown in US crude oil inventories by API. Chinese LNG imports fell while gasoline exports surged. European gas prices rose on EU’s stance against Russian gas flows. Iron ore prices fell below US$103/t due to demand concerns in China. Chinese aluminium imports dropped while alumina exports rose. Speculators reduced net long positions in metals. India’s sugar output declined while grain imports from China plummeted. France’s winter grain plantation is expected to increase. EU soft-wheat exports dropped while corn imports increased.



Read more at Investing.com: Oil: WTI Gains Ground as US Crude Inventories Drop, Brent Climbs Past $73