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U.K. Trade Balance Non-EU (SA) (Oct)A:--
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Philadelphia Fed President Henry Paulson delivers a speech
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Japan Tankan Large Non-Manufacturing Diffusion Index (Q4)--
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Palladium decreased to a 9-week low of 911.50 USD/t.oz.
Over the past 4 weeks, Palladium gained 3.07%, and in the last 12 months, it increased 2.8%.
Energy stocks fell Friday afternoon, with the NYSE Energy Sector Index down 0.7% and the Energy Select Sector SPDR Fund (XLE) shedding 0.8%.
The Philadelphia Oil Service Sector index eased 0.4%, while the Dow Jones US Utilities index added 0.3%.
West Texas Intermediate crude oil rose 0.3% to $65.47 a barrel, and global benchmark Brent advanced 0.2% to $67.88 a barrel. Henry Hub natural gas futures climbed 5.8% to $3.73 per 1 million BTU.
In sector news, the Trump administration is preparing executive actions to expand energy supply in support of US artificial intelligence growth, Reuters reported. Proposed measures include easing grid access for power projects and offering federal land for AI data center development.
In corporate news, Ameren plans to build an 800-megawatt simple-cycle natural gas energy center combined with its first large-scale battery storage facility at a single site in Jefferson County, Missouri. Ameren shares were fractionally lower.
TotalEnergies said it signed a deal to buy a 25% stake in the Block 53 energy exploration block offshore Suriname from Moeve. TotalEnergies shares were down 0.3%.
DNOW will acquire MRC Global in an all-stock deal valued at about $1.5 billion, inclusive of MRC's debt. DNOW shares jumped past 6% and MRC surged 14%.
Front Month Comex Silver for July (new front month) delivery gained 2.00 cents per troy ounce, or 0.06% to $36.037 this week
All prices are calculated based on the settlement price of the current front month contract.
Source: Dow Jones Market Data, FactSet
Front Month Comex Gold for July (new front month) delivery lost $97.70 per troy ounce, or 2.90% to $3273.70 this week
All prices are calculated based on the settlement price of the current front month contract.
Source: Dow Jones Market Data, FactSet
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