Oil dips on demand worries as COVID-19 lockdowns tighten

FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann/File Photo

MELBOURNE/SINGAPORE (Reuters) -Oil prices edged down on Tuesday as tighter lockdowns in Europe and an OPEC forecast for a slower recovery in demand next year outweighed relief from the roll-out of coronavirus vaccines.

U.S. West Texas Intermediate (WTI) crude futures fell 18 cents, or 0.38%, to $46.81 a barrel by 0737 GMT. Brent crude futures fell 20 cents, or 0.4%, to $50.09 a barrel.

London stepped up restrictions requiring bars and restaurants to close, as COVID-19 infection rates continued to rise sharply, which will dent fuel demand in the near term.

Further marring the demand outlook, Italy said it was considering more stringent restrictions over the Christmas holidays, while most stores in Germany have been ordered to shut until Jan. 10.

“While the market has

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Retailers and food groups demand soya traders halt Brazil deforestation

International retailers, food groups and investors including Tesco, McDonald’s, Unilever and Lidl have called on leading soyabean traders to stop trading the commodity linked to deforestation in Brazil’s Cerrado region, an important biodiversity hotspot which, along with the Amazon rainforest, has been at the centre of the country’s agribusiness boom. 

In letters to Archer Daniels Midland, Bunge, Cargill, Louis Dreyfus Company as well as Cofco International and Glencore affiliated Viterra, 160 signatories of the Cerrado Manifesto Statement of Support (Sos), have demanded that the traders refuse trading soya from areas deforested after 2020 in the Cerrado. The signatories warned that they would impose sanctions if the traders failed to commit themselves to the cut-off date.

Along with the Sos’s call to traders, Tesco confirmed its offer of £10m to tackle deforestation caused by soya production in the region made before talks with the traders broke down late last year. The

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Strong Equipment Demand & Farming Innovations Aid Deere (DE)

On Dec 11, we issued an updated research report on Deere & Company DE. The company will benefit from the higher U.S farm income projections and pick-up in agricultural commodity prices that will likely spur agricultural equipment demand in the near term. Stabilization in the construction and forestry markets also bode well for the company. Focus on precision agriculture and launching products with advanced technologies will also continue to aid growth.

Rising Farm Income Bodes Well

The U.S farm sector is showing signs of stabilization on the pick-up in commodity prices and higher U.S farm income forecasts. Per the U.S. Department of Agriculture’s (USDA) latest available projections, net farm income is anticipated to jump 43.1% to $119.6 billion in 2020. In inflation-adjusted terms, the projected net farm income in 2020, if realized, would mark the highest level since 2013 and 32% higher than the 2000-19 average ($90.6 billion). These factors

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Global Archery Equipment Market 2020 Demand, Industry Synopsis, Operational Efficiency and Market Capitalization by 2025

The MarketWatch News Department was not involved in the creation of this content.

Dec 13, 2020 (CDN Newswire via Comtex) —
The report entitled Global Archery Equipment Market 2020 by Manufacturers, Type and Application, Forecast to 2025 compiled by presents a new market research analysis that offers a detailed evaluation of the business vertical and a brief overview of the industry segments. The report includes an elemental introduction to the industry, market overview, scope, and product specification. The report aims to target the major images related to market growth, major types, and various end users applicable, regional analysis, productivity structure, current, and future market situation. The report provides a determined perception of the popular market situation that also covers market size in terms of value and volume. Important segment classification of this market includes global Archery Equipment market-leading players, major geographical regions, product types, and applications.

The report describes

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Oil prices edge up on hope vaccines will improve fuel demand

By Florence Tan

SINGAPORE, Dec 14 (Reuters)Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand, while an extension of Brexit talks eased jitters on that front for now.

Brent crude futures LCOc1 for February rose 8 cents, or 0.2%, to $50.05 a barrel by 0137 GMT, while U.S. West Texas Intermediate crude futures CLc1 for January were up 4 cents, or 0.1%, at $46.61 a barrel.

Oil prices have rallied for six consecutive weeks, their longest stretch of gains since June.

The United States kicked off its vaccination campaign against COVID-19, buoying hopes that pandemic restrictions could end soon and lift demand at the world’s largest oil consumer.

An extension of Brexit talks among European powers also buoyed financial markets on Monday.

CMC Markets’ chief markets strategist Michael McCarthy asked:

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Programmatic Advertising Spending Market Analytical Overview, Growth Factors, Demand, Trends and Forecast by 2026

The MarketWatch News Department was not involved in the creation of this content.

Dec 11, 2020 (Market Insight Reports) —
Selbyville, Delaware, Global Programmatic Advertising Spending Market Size, Industry Analysis Report, Regional Outlook (Americas, APAC and EMEA), Application Development status, Price Trend, Competitive Market Share & Forecast 2019 – 2026.

Global Programmatic Advertising Spending Market is valued approximately USD 70.39 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 20.95% over the forecast period 2019-2026.

Programmatic advertising helps automate the decision-making process of media buying by targeting specific audiences and demographics. Programmatic ads are placed using artificial intelligence (AI) and real-time bidding (RTB) for online display, social media advertising, mobile and video campaigns, and is expanding to traditional TV advertising marketplaces. Rising popularity of mobile programmatic ad display is one of the major factors responsible for high CAGR of the market. Increasing number

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Demand for Corporate Bonds Drives Inflation-Adjusted Yields to Zero

The average U.S. investment-grade corporate bond now yields less than a key measure of investors’ inflation expectations, a first that highlights how demand for fixed-income assets is reducing their potential returns.

As of Friday, the annual expected inflation rate over the next decade—derived from the difference in yield between nominal and inflation-adjusted 10-year U.S. government bonds—stood at 1.89%, according to the Federal Reserve Bank of St. Louis. The average investment-grade corporate bond yielded just 1.85%, according to Bloomberg Barclays data.

So-called real yields—or the return investors can expect on bonds after adjusting for inflation—have been below zero for months on U.S. government debt. But last week marked the first time in records going back to 2003 that the phenomenon ever extended to a broad index of corporate bonds.

The two situations are related; negative real yields on U.S. Treasurys drive investors to buy riskier assets in search of better returns.

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