Global Energy Roundup: Market Talk

Dow Jones04-06 18:17

The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

1017 GMT - Palm oil ended lower in the Asian trading session but stayed at elevated levels. CPO prices will likely be supported this week by a weaker ringgit and tightening Malaysian stockpiles, Nomura analysts Raghavendra Divekar and Amol Dongre write in a note. CPO prices may average around 4,700 ringgit this week, though a de-escalation in the Middle East conflict and softer crude oil could pull prices below 4,600 ringgit a ton, the analysts say. The Bursa Malaysia Derivatives contract for June delivery fell 27 ringgit to 4,812 ringgit a ton. (kimberley.kao@wsj.com)

0936 GMT - Gold's upside may be capped as expectations for Federal Reserve rate cuts ease, Sky Links Capital's Daniel Takieddine says. Strong U.S. labor data keeps Treasury yields supported, weighing on the precious metal. Hopes for a resolution to the Middle East conflict are supported by ongoing diplomatic efforts, further driving uncertainty around gold's outlook. Still, geopolitical risks beyond the Middle East and steady central-bank buying continue to support gold prices, the chief executive adds. Gold's near-term moves hinge on incoming U.S. data, Fed signals and geopolitical developments, he notes. Spot gold adds 0.5% to $4,699.02 a troy ounce. (megan.cheah@wsj.com)

0656 GMT - PTT Exploration & Production's 1Q net profit is likely to be hit by a large hedging loss, say DBS Group Research analysts in a note.The Thai oil producer is likely to include losses related to oil hedging and foreign-exchange in its results, due to rising oil prices since the Middle East conflict broke out, the analysts say. Still, PTT Exploration remains DBS's top Thai energy-sector pick as it is a direct beneficiary of the crude price surge, even though its current average selling price doesn't yet fully reflect oil's gains. The company also has limited exposure to regulatory risks such as electricity tariffs. DBS maintains its buy rating and 174 baht target price on the stock. Shares last closed 1.6% lower at 157 baht. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

April 06, 2026 06:17 ET (10:17 GMT)

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Global Energy Roundup: Market Talk

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