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WTI slips toward $58.00 as rising global inventories fuel oversupply concerns
West Texas Intermediate (WTI) Oil price loses ground after registering over 4% gains in the previous session, trading around $58.10 per barrel during the Asian hours on Friday. Oil prices depreciate amid rising global inventories and oversupply.
Fxstreet
Fri, Jan 9
Asia fuel oil premiums over West soar as more Venezuelan oil to divert to the US
By Jeslyn Lerh SINGAPORE, Jan 9 (Reuters) - The premium for high-sulphur fuel oil in Asia versus the West climbed to its highest in eight months on Friday as traders expect more Venezuelan crude and fuel oil supply to reach the United States in coming months, with less coming to Asia. The front-m...Reuters
Fri, Jan 9
Rio Tinto in talks to buy Glencore to form world's biggest miner
Expected to involve all-share buyout of Glencore by Rio TintoDeal would create world's biggest miner by market value, topping BHPRio Tinto's Australian shares close 6.3% lower Miners have been racing to bulk up in copperBy Clara Denina and Scott Murdoch LONDON/SYDNEY, Jan 8 (Reuters) - Ri...Reuters
Fri, Jan 9
India-US trade deal stalled after Modi did not call Trump, Lutnick says
NEW DELHI, Jan 9 (Reuters) - India's trade pact with the United States was delayed because Prime Minister Narendra Modi did not make a telephone call to President Donald Trump to close a deal they were negotiating, Commerce Secretary Howard Lutnick said on Friday. The trade talks fell apart l...Reuters
Fri, Jan 9
Soybeans set for weekly gain on oil rally; USDA report in focus
By Daphne Zhang BEIJING, Jan 9 (Reuters) - Chicago soybean futures rose on Friday and were on track for a weekly gain, bolstered by higher oil prices and continued Chinese demand for U.S. supplies. The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 added 0.47% to $10.61-3/4...Reuters
Fri, Jan 9
BREAKINGVIEWS-Rio-Glencore would be M&A gift that keeps giving
By Antony Currie MELBOURNE, Jan 9 (Reuters Breakingviews) - M&A bankers will be rubbing their hands with glee at the news Rio Tinto RIO.L RIO.AX and Glencore GLEN.L are back in preliminary talks. The mining giants said on Thursday they're discussing a number of options, including a full,...Reuters
Fri, Jan 9
QUOTES-Market reaction to Rio Tinto's buyout talks with Glencore
Jan 9 (Reuters) - Rio Tinto RIO.L is in early talks to buy Glencore GLEN.L, the companies said, in what could create the world's largest mining company with a combined market value of nearly $207 billion.Following is investor and analyst reaction to the news.ATLAS FUNDS MANAGEMENT CHIEF INVESTME...Reuters
Fri, Jan 9
QUOTES-Market reaction to Rio Tinto's buyout talks with Glencore
Jan 9 (Reuters) - Rio Tinto RIO.L is in early talks to buy Glencore GLEN.L, the companies said, in what could create the world's largest mining company with a combined market value of nearly $207 billion.Following is investor and analyst reaction to the news.WILSON ASSET MANAGEMENT PORTFOLIO MAN...Reuters
Fri, Jan 9
Japan to explain stance on China's export controls in US next week, finmin says
By Makiko Yamazaki TOKYO, Jan 9 (Reuters) - Japanese Finance Minister Satsuki Katayama said on Friday she would meet her counterparts in the United States next week to discuss rare earths supplies, and repeated Tokyo's condemnation of China over its latest export controls.Katayama said she wa...Reuters
Fri, Jan 9
GRAINS-Soybeans set for weekly gain on oil rally; USDA report in focus
BEIJING, Jan 9 (Reuters) - Chicago soybean futures rose on Friday and were on track for a weekly gain, bolstered by higher oil prices and continued Chinese demand for U.S. supplies. Wheat and corn were also poised for their weekly gains as traders adjusted positions before Monday's U.S. Departme...Reuters
Fri, Jan 9
Japan to explain stance on China's export controls in U.S. next week, finmin says
TOKYO, Jan 9 (Reuters) - Japanese Finance Minister Satsuki Katayama said on Friday that she would meet her counterparts in the United States next week to discuss rare earths supplies, repeating Tokyo's condemnation of China on its latest export controls.Katayama said she was "very concerned&...Reuters
Fri, Jan 9
Trump says oil companies will spend at least $100 billion in Venezuela
WASHINGTON, Jan 8 (Reuters) - U.S. President Donald Trump said on Thursday that oil companies will spend at least $100 billion in Venezuela.Trump made his comments to Fox News' "Hannity" ahead of a meeting with oil executives on Friday.Reuters
Fri, Jan 9
Oil rises as concerns about supply disruptions in Venezuela, Iran increase
U.S. aims to control Venezuela's oil sector amid Maduro's captureIran unrest and Russia-Ukraine war raise oil supply concernsGlobal inventories rise, oversupply may limit oil price gainsBy Sam Li and Jeslyn Lerh Jan 9 (Reuters) - Oil prices rose for a second day on Friday, set for their t...Reuters
Fri, Jan 9
Rio Tinto and Glencore hold buyout talks to create $207 billion mega-miner
One option is all-share buyout of Glencore by Rio TintoDeal would create world's biggest miner by market value, topping BHPRio Tinto's Australian shares fall as much as 6.4% in biggest intraday fall since 2022Miners have been racing to bulk up in copperBy Clara Denina and Scott Murdoch LO...Reuters
Fri, Jan 9
ConocoPhillips says CEO will attend White House meeting on Friday
Jan 8 (Reuters) - ConocoPhillips COP.N said on Thursday its Chairman and CEO Ryan Lance will attend a White House meeting on Friday and that it was monitoring developments in Venezuela and their "potential implications for global energy supply and stability."U.S. President Donald Trump is sc...Reuters
Fri, Jan 9
WTI faces rejection near 50-day SMA barrier, slides to sub-$58.00 levels
West Texas Intermediate (WTI) US Crude Oil prices attract fresh sellers during the Asian session on Friday and erode a part of the previous day's strong move up from the vicinity of the lowest level since December 19, touched earlier this week.Fxstreet
Fri, Jan 9
