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PRECIOUS-Gold hits one-week peak on geopolitical risks, rate-cut bets
US producer prices rebound less than expected in MayIran warns of unprecedented retaliation to any attackSilver looks poised to hit $40/oz - analystBy Ashitha Shivaprasad and Sarah Qureshi June 12 (Reuters) - Gold prices scaled a one-week peak on Thursday, steered by simmering Middle East tension...Reuters
Thu, Jun 12
Gold rallies to $3,400 as Middle East tensions and weak US data spur dovish bets on Fed
Gold price rallies for the second straight day, shy of testing the $3,400 figure following the release of softer inflation and jobs data in the United States (US) as geopolitical tensions grow in the Middle East. The XAU/USD trades at $3,386 at the time of writing.
Fxstreet
Thu, Jun 12
US Cash Grains-Soybean bids sag at processors and river terminals
CHICAGO, June 12 (Reuters) - Spot soybean basis bids were down at U.S. Midwest processors and mostly down at river terminals on Thursday, according to a spot check. ADM locations were dropping their bids as they rolled over the November contract for soybeans, and other facilities followed suit. Deal...Reuters
Thu, Jun 12
Oklo moves closer to nuclear power deal with US Air Force
WASHINGTON, June 11 (Reuters) - Oklo OKLO.N, a U.S. company hoping to build micro nuclear power plants, said on Wednesday the energy logistics agency of the Defense Department has issued a notice of intent to award a power purchase agreement for a pilot reactor. WHY IT'S IMPORTANTNuclear power...Reuters
Thu, Jun 12
Most G7 members ready to lower Russian oil price cap without US
By Julia Payne and John Irish BRUSSELS/PARIS, June 12 (Reuters) - Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said. G7 country leade...Reuters
Thu, Jun 12
Med crude-Differentials stable for Russian public holiday
LONDON, June 12 (Reuters) - Russian Urals crude oil differentials to dated Brent were stable on Thursday, the Russia Day public holiday. PLATTS WINDOWNo bids or offers were made for CPC Blend or Azeri BTC in the Platts window on Thursday, a trade source said.NEWSMost countries in the Group o...Reuters
Thu, Jun 12
California, 10 other states sue to block Trump from killing 2035 EV rules
WASHINGTON, June 12 (Reuters) - A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of the state's 2035 electric vehicle rules and heavy duty truck requirements.President Donald Trump on Thursday signed three resolutions approved by lawmakers barring Ca...Reuters
Thu, Jun 12
EU wheat stuck near contract lows
PARIS, June 12 (Reuters) - Euronext wheat edged down on Thursday to hold around contract lows as a jump in the euro further dented export prospects while increased estimates of the upcoming European Union harvest reinforced expectations of abundant Northern Hemisphere supply.The market showed little...Reuters
Thu, Jun 12
Europe Gasoline/Naphtha-Gasoline profit margins rise despite higher fuel stocks
LONDON, June 12 (Reuters) - Northwest European gasoline profit margins rose to $14.71 a barrel on Thursday, despite a higher stock build.A total of 6,000 tons of Eurobob E5 barges traded, with Gunvor and Shell selling to BP and Trafigura.No Eurobob E10 barges traded in the Argus window.Gasoline stoc...Reuters
Thu, Jun 12
Trump promises immigration order soon on farmers, leisure sectors
WASHINGTON, June 12 (Reuters) - U.S. President Donald Trump said he would issue an immigration order soon, following his social media post earlier on Thursday citing labor issues in the farm and hotel industries amid his immigration crackdown, but gave no further details."Our farmers are being h...Reuters
Thu, Jun 12
Canada Post Says Minister Of Jobs & Families Has Approved Vote On Co's Final Offers To Canadian Union Of Postal Workers
June 12 (Reuters) - Canada Post: CANADA POST: MINISTER OF JOBS & FAMILIES HAS APPROVED REQUEST FOR VOTE TO TAKE PLACE ON CO'S FINAL OFFERS TO CANADIAN UNION OF POSTAL WORKERSReuters
Thu, Jun 12
Chevron's Pasadena, Texas Refinery Reports Small Spill
June 12 (Reuters) - CHEVRON CORP CVX.N:PASADENA, TEXAS PLANT REPORTS DISCOVERY OF APPROXIMATELY FIVE GALLONS OF OIL WITH A SHEEN TO THE SHIP CHANNELSAYS OIL SPILL REMOVAL ORGANIZATION (OSRO) IS AT THE SITEREFINERY CAPACITY: 112,229 BARRELS PER DAY SOURCE: COMMUNITY ALERTReuters
Thu, Jun 12
Trump frustrated about the recent rise in oil prices
WASHINGTON, June 12 (Reuters) - U.S. President Donald Trump expressed frustration on Thursday that oil prices have risen amid supply concerns from potential conflict in the Middle East. Both global and U.S. oil prices surged more than 4% on Wednesday to their highest levels since early April before ...Reuters
Thu, Jun 12
RPT-ANALYSIS-Trump's tax-cut bill could hold back US critical minerals projects
Republican fight against green energy tax credit hits miners tooTax credit for critical minerals was part of Biden climate billChina halted exports of some minerals, created gluts of othersOwner of the only American cobalt mine went bankrupt this yearBy Ernest Scheyder WASHINGTON, June 12 (Reuter...Reuters
Thu, Jun 12
Britain ready to implement US tariff deal, trade minister says
LONDON, June 12 (Reuters) - Britain is ready to implement its side of a tariff deal with the United States and is hopeful for a proclamation from U.S. President Donald Trump to put the agreement into effect in the coming days, trade minister Jonathan Reynolds said on Thursday.British Prime Minister ...Reuters
Thu, Jun 12
ANALYSIS-Trump's tax-cut bill could hold back US critical minerals projects
Republican fight against green energy tax credit hits miners tooTax credit for critical minerals was part of Biden climate billChina halted exports of some minerals, created gluts of othersOwner of the only American cobalt mine went bankrupt this yearBy Ernest Scheyder WASHINGTON, June 12 (Reuter...Reuters
Thu, Jun 12
METALS-Copper edges up on dollar weakness, but clouds loom over demand outlook
By Ashitha Shivaprasad June 12 (Reuters) - Copper prices nudged higher on Thursday, aided by a weaker dollar, but persistent concerns over demand and unresolved trade tensions continued to cloud the market’s outlook.Three-month copper CMCU3 on the London Metal Exchange was up 0.6% at $9,703 a met...Reuters
Thu, Jun 12
Egypt agrees to buy up to 160 LNG cargoes through 2026, sources say
Purchases cost over $8 billion, straining government financesAgreements inked with companies including Aramco, Shell, Vitol Egypt's domestic gas output has plummeted By Marwa Rashad LONDON, June 12 (Reuters) - Egypt has reached agreements with several energy firms and trading houses to bu...Reuters
Thu, Jun 12
REFILE-Trump says unhappy about recent rise in oil prices
WASHINGTON, June 12 (Reuters) - U.S. President Donald Trump expressed frustration on Thursday that oil prices have risen amid supply concerns from potential conflict in the Middle East. Both global and U.S. oil prices surged more than 4% on Wednesday to their highest levels since early April before ...Reuters
Thu, Jun 12
