GLOBAL MARKETS-Asian shares, euro inch up after euro zone bailout plans
TOKYO, Nov 30 (Reuters) - Asian shares and the euro inched up on Wednesday after European officials agreed to strengthen a bailout fund and seek more aid from the International Monetary Fund to help lend to troubled economies as Italy's borrowing costs hit fresh highs.
"Market reaction is muted as details about the EFSF were no surprise, the focus remains on who will give money, to which no fresh news was provided," said Junya Tanase, chief currency strategist at JPMorgan Chase in Tokyo.
COMMODITIES-US oil up 3rd day; wheat, natgas also
NEW YORK, Nov 29 (Reuters) - U.S. crude oil rose for a third straight day on Tuesday, leading commodities up, as stronger U.S. consumer confidence and a relatively successful Italian bond auction raised investors' hopes in the economy.
"It's all the macroeconomic events that are driving every single market," said Ron Lawson, a commentator on gold and partner at commodities investment firm LOGIC Advisors in New Jersey. U.S. gold futures rose about half a percent versus the more than 3 percent gain in wheat and natural gas.
Oil rises on U.S. consumer data, Iran-UK row
NEW YORK, Nov 29 (Reuters) - Oil prices rose on Tuesday on a report of improved U.S. consumer confidence, an Italian bond auction attracting demand and after an attack by Iranian protesters on two British embassy compounds in Tehran.
"A combination of the geopolitical risks related to the Iranian situation and the positive U.S. consumer confidence data have boosted oil futures," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.
U.S. crude oil imports down in September-EIA
WASHINGTON, Nov 29 (Reuters) - U.S. crude oil imports continued to decline, falling 223,000 barrels per day in September from a year earlier, the Energy Information Administration said on Tuesday.
Crude imports averaged 9.006 million bpd in September, down 2.4 percent from the 9.229 million bpd imported during the month in 2010.
US crude and distillate stocks post surprise jump-API
Nov 29 (Reuters) - U.S. crude oil inventories jumped unexpectedly last week as imports rose, while distillate stocks also climbed as refinery runs increased, weekly inventory data from the American Petroleum Institute showed on Tuesday.
U.S. crude stockpiles rose 3.4 million barrels in the week to Nov. 25, compared with analysts' expectations for a 200,000-barrel fall.
Natgas ends up 3 pct on firm cash, cool forecasts
NEW YORK, Nov 29 (Reuters) - U.S. natural gas futures ended higher on Tuesday, backed by firmer cash prices in the face of colder weather forecasts despite mild early-week temperatures and concerns about record high supplies.
"Cash was firmer today - there's been some cold weather in Texas and the forecasts look cooler - but production continues to lurch higher," a Texas-based trader said.
Euro Coal-Kalimantan bridge collapse not a factor
LONDON, Nov 29 (Reuters) - Physical prompt coal prices were little changed on Tuesday afternoon, bolstered by stronger oil and a euro rise against the dollar but unaffected by the collapse of a bridge in Indonesia which halted barge transport over the weekend.
"The Chinese are still re-negotiating contracts, still looking for low prices and probably would welcome the delay to some Indonesian shipments," one European trader said.
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