Updated Nov. 14, 2023 12:28 pm ET
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1012 ET – Open interest in commodity markets across the board saw a decline through the week ended Nov. 10, according to the latest data from JPMorgan Global Commodities Research. The firm estimates that open interest across all commodity markets fell by 2%, or $31.7 billion. The leading cause for the drop-off was a 5% slide in open interest in energy markets, with precious metals declining 4.7%. The firm says that easing geopolitical fears stemming from the Israel-Gaza and Russia-Ukraine wars caused traders to pull back from commodities. Base metals and agriculture showed much smaller drops, according to JPMorgan. (kirk.maltais@wsj.com; @kirkmaltais)
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