Press Releases
Daily Comex Commodity Report of 21st November 2017 by Epic Research

, 21 November 2017 -- Crude oil prices remained lower on Monday, as rising U.S. oil output and fears that efforts to curtail global oil production will not be extended dampened demand for the commodity.


Gold prices were moderataly lower on Monday, but they remained within close distance of a one-month peak as uncertainty over the fate of a major U.S. tax reform plan continued to weigh on demand for the dollar Comex gold futures were down $3.43 or about 0.26% at $1,293.07 a troy ounce by 08:20 a.m. ET (12:20 GMT). The House of Representatives on Thursday passed a bill that would lower corporate taxes and cut individual taxes for most households in 2018, in a step towards the biggest U.S. tax code overhaul since the 1980s. But the legislation may face a tougher fight in the Senate amid resistance within Republican ranks. Senate lawmakers are expected to vote on their version of the bill after this week’s Thanksgiving holiday. Markets were also jittery due to an ongoing investigation into potential Russian interference in the 2016 Presidential election.

Crude oil prices remained lower on Monday, as rising U.S. oil output and fears that efforts to curtail global oil production will not be extended dampened demand for the commodity. The U.S. West Texas Intermediate crude December contract was down 59 cents or about 1.04% at $56.12 a barrel by 09:50 a.m. ET (13:50 GMT). Elsewhere, Brent oil for January delivery on the ICE Futures Exchange in London was down 80 cents or about 1.28% at $61.92 a barrel. Oil prices remained under pressure amid concerns rising U.S. production would dampen OPEC’s efforts to rid the market of excess supplies. Domestic U.S. output has rebounded by almost 15% since the most recent low in mid-2016, casting doubts over the past few months' narrative of tightening energy markets. Growing concerns that Russia was reluctant to support an extension of an existing OPEC-led production cut agreement also weighed on the commodity.

Natural gas futures started the week off with sharp losses on Monday, as traders reacted to forecasts calling for less heating demand through the end of this month. U.S. natural gas futures sank 6.2 cents, or around 2%, to $3.035 per million British thermal units by 9:00AM ET (1400GMT). It reached its worst level since Nov. 3 at $3.026 earlier in the session. Prices climbed 4.4 cents, or almost 1.5%, on Friday, but still lost about 3.6% for the week. Gas futures often reach a seasonal low in late October and early November, when mild weather weakens demand, before recovering in the winter, when heating-fuel use peaks. The heating season from November through March is the peak demand period for U.S. gas consumption


BUY GOLD ABOVE 1300 TGT 1305 1315 SL BELOW 1290
SELL GOLD BELOW 1280 TGT 1275 1265 SL ABOVE 1290

Epic Research Limited is a leading financial advisory services provider firm .We have designed services for different investors as per their needs like equity tips, comex tips, stock tips, commodity tips and many more to serve our clients. We offer regular services for investors with less capital and premium services for massive investors looking for higher returns on investments with bigger targets.

Want to take a FREE TRIAL? Visit our site link below and become a part of our Epic family. Happy trading.

mail us @

Also you can Whatsapp us at :7049084664

Our Office:411 Milinda Manor, 2 RNT Road, Indore 452001.

# # #

Submitted by Epic Research, Epic Research Pvt.Ltd indore on Tuesday, 21 November 2017 at 1:57 PM
Category: Business
Related News

Why tradesmen need a perfect web design?
Friday, 16 Mar 2018

Hong Kong and Brazil sign MOU on investment promotion co-operation
Friday, 16 Mar 2018

Advantages of a Towing Service Through an Emergency
Friday, 16 Mar 2018

A one Of a Sort escape - a Wildlife and safari tour
Friday, 16 Mar 2018

Global Roofing Chemical Industry : Market Share, Trends, Insight and Application 2018-2025
Friday, 16 Mar 2018

Related Events

Free Business Event - start or grow your business
Saturday, 17 Mar 2018

Free Business Event - start or grow your business
Sunday, 18 Mar 2018

Topological States in Strongly Interacting Light-Matter Systems
Monday, 19 Mar 2018

Argus California Carbon and LCFS Summit
Monday, 19 Mar 2018

QS Connect MBA Event Munchen
Monday, 19 Mar 2018

Latest News

Why baby diaper bags are the perfect choice for your newborn?
Saturday, 17 Mar 2018

What to consider while buying baby products online?
Saturday, 17 Mar 2018 announces beautiful painting kits for anyone to become a painter to express their cre
Saturday, 17 Mar 2018

Body ‘N’ Bloom Offers Relaxing Atmosphere & Affordable Price for Laser Hair Removal Proc
Saturday, 17 Mar 2018

DJUVE announces Djuvenile mask treatment that ensures a fantastic skin transformation in just 31 day
Saturday, 17 Mar 2018

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Saturday, 17 March 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Adult Immunization: New and Old Challenges
  • The 2nd Asia Pacific Symposium on Diabetes, Hypertension, Metabolic Syndrome and Pregnancy
  • Free Business Event - start or grow your business
  • Eat and Drink Festival 2018
  • Free Business Event - start or grow your business

  • Latest Jobs
    Sorry, there are currently no entries posted here.