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Real-time News
Uber: Wayve, Uber and Nissan signed a memorandum of understanding to jointly promote the development of autonomous taxis.March 12 (Futures News) – Geopolitical instability and unclear market direction for fuel oil have led to a quiet, wait-and-see trading atmosphere in the fuel oil market. Traders are cautious in their buying and selling, resulting in limited actual transactions and pressure on refinery inventories. It is expected that todays fuel oil market will see some prices remain stable, while others will experience narrow fluctuations.A chart summarizing the overnight price movements of international spot platinum and palladium.March 12 - According to CNN, the head of an Iraqi port company stated that they had successfully rescued 38 crew members from two foreign oil tankers after they were attacked and caught fire in Iraqi territorial waters, but at least one person tragically died. The Islamic Republic of Iran Broadcasting (IRIB) reported that an attack by Iranian underwater unmanned vessels "destroyed two oil tankers in the Persian Gulf tonight." The head of the Iraqi port company stated that its oil ports have ceased operations following the attack. Ship tracking data shows that the two ships were moored side-by-side when the fire broke out. It is understood that the vessels involved in the fire were the Maltese-flagged "Zefyros" and the Marshall Islands-flagged "Safesea Vishnu." The "Safesea Vishnu" is registered to an American company, while the "Zefyros" is owned by a Greek company.March 12 (Futures News) – Oil prices continued their upward trend, with cost support remaining. Due to concerns about supply issues, the May PX spot price traded at a floating price of $55/ton yesterday. Meanwhile, major domestic PX producers have plans to reduce operating rates, which is a dominant positive factor, leading to continued PX price increases today.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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