Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
While the oil market continues to focus on supply/demand fundamentals, these are some key updates that you need to keep a tab on,
- U.S. oil rig count: The United States has already proved to be a major influencing factor in the global oil market as production reached 9.54 million barrels per day before declining sharply over the impacts of Hurricane Nate. However, the production has recovered equally fast and is currently at 9.55 million barrels per day. To keep a tab on U.S. oil supplies, one needs to keep oneself updated on the numbers of oil rigs operating in the United States. As of latest report, the numbers of operating rigs have declined to 729, which is the lowest numbers of operating rigs since May. The number of rigs declined by more than 4 percent since August.
- OPEC meeting and new observers: Two central Asian oil producing countries; Turkmenistan, and Uzbekistan will join the OPEC/ N-OPEC meeting on November 30th as observers, which signal that the agreement is gaining traction worldwide.
- U.S. oil exports: The latest weekly EIA estimate suggests that the oil exports from the United States have hit a new record high. It has hit 2.133 million barrels per day.
WTI is currently trading at $56 per barrel and Brent at $6.6 per barrel premium to WTI.
