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PRECIOUS-Gold heads for biggest weekly jump in 1-1/2 months on US fiscal worries
Trump's sweeping tax-cut bill passes US House, on way to SenateGold can maintain foothold above the $3,000 level - analyst Dollar has lost more than 1% so far this week By Anushree Mukherjee May 23 (Reuters) - Gold prices rose on Friday and were poised for their biggest weekly gain in more th...Reuters
Fri, May 23
METALS-London copper set for slight weekly gains as weak dollar aids
NEW DELHI, May 23 (Reuters) - Copper prices in London were poised for slim weekly gains on Friday, supported by a softer dollar, although the upside was limited due to persisting uncertainty over U.S. tariffs.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.1% at $9,513 a metric to...Reuters
Fri, May 23
US invites Asian officials to Alaska, eyes $44 billion LNG project
Energy, Interior secretaries to host June 2 event in AlaskaOfficials from Taiwan, South Korea, Japan invitedTrump pushing allies to invest in long-delayed projectBy John Geddie, Tim Kelly and Timothy Gardner TOKYO/WASHINGTON, May 23 (Reuters) - The U.S. has invited officials from Japan, South Kor...Reuters
Fri, May 23
Crude oil price today: WTI price neutral at European opening
West Texas Intermediate (WTI) Oil price is neutral on Friday, early in the European session. WTI trades at $60.67 per barrel, not far from its Thursday close at $60.67.Brent Oil Exchange Rate (Brent crude), however, advances from its previous close at $63.60 to trade at $63.63.
Fxstreet
Fri, May 23
Exxon Reports Unit Upset At Beaumont, Texas Refinery
May 23 (Reuters) - EXXON MOBIL CORP XOM.N:REPORTS INSTRUMENT FAILURE CAUSED A UNIT UPSET AT BEAUMONT, TEXAS REFINERYSAYS PROCESS STREAMS WERE ROUTED TO THE FLARE TO MINIMIZE EMISSIONSSAYS NO OFFSITE IMPACTS WERE REPORTEDSOURCE: TEXAS COMMISSION ON ENVIRONMENTAL QUALITY FILINGTHE BEAUMONT COMPLEX HOU...Reuters
Fri, May 23
PRESS DIGEST- Financial Times - May 23
May 23 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- UK to pay 101 million pounds a year under deal to hand over Chagos Islands to Mauritius- David Cameron in talks to join law firm DLA Pi...Reuters
Fri, May 23
TECHNICALS-CBOT soybeans may retrace to $10.63
For more technical analyses, please click SINGAPORE, May 23 (Reuters) - The CBOT soybean July contract SN25 may retrace to $10.63 per bushel, following its failure to break resistance at $10.73-3/4.The barrier is identified as the 61.8% projection level of a wave c from $10.45-3/4. Partly due to thi...Reuters
Fri, May 23
Murban crude prices drop as OPEC+ raises output, prompting surge in volumes to Asia
Asian buyers flock to Murban as ample supply depress pricesCheap Murban to squeeze Asia's demand for U.S. WTIMurban becomes cheapest among grades used to assess Platts Dubai benchmarkRecord 20 Murban cargoes delivered in Platts window in May so farBy Siyi Liu and Florence Tan SINGAPORE, May 2...Reuters
Fri, May 23
Murban crude prices drop as OPEC+ raises output, prompting surge in volumes to Asia
SINGAPORE, May 23 (Reuters) - Spot premiums for Murban crude have hit six-month lows on surging supply as the United Arab Emirates ramps up output following OPEC+'s decision to accelerate production hikes and compete head-on with U.S. shale oil, traders and analysts said.Reuters
Fri, May 23
GRAINS-Wheat dips again as short-covering rally loses steam
CANBERRA, May 23 (Reuters) - Chicago wheat futures fell on Friday, slipping for the second straight day, as a short-covering rally that lifted prices from last week's five-year low ran out of steam, but remained on track for a weekly gain.Corn and soybean futures rose slightly.The most active wh...Reuters
Fri, May 23
METALS-London copper edges higher as dollar weakens
NEW DELHI, May 23 (Reuters) - Copper prices in London edged higher on Friday, supported by a softer dollar, and were poised for weekly gains, although the upside was limited due to persisting uncertainty over U.S. tariffs.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.3% at $9,52...Reuters
Fri, May 23
GRAINS-Wheat dips again as short-covering rally loses steam
CANBERRA, May 23 (Reuters) - Chicago wheat futures edged lower on Friday, slipping for the second straight day, as a short-covering rally that lifted prices from last week's five-year low ran out of steam, but remained on track for a weekly gain.Reuters
Fri, May 23
Mexico's Pemex plans restructuring to save costs, document shows
May 22 (Reuters) - Mexico's Pemex, the world's most indebted energy company, plans to restructure parts of its business in an attempt to save costs, a May document seen by Reuters showed on Thursday.Earlier reports, citing another document from last month suggesting it could include a layoff...Reuters
Fri, May 23
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 23 (Reuters) - Contract Target Support/Resistance Brent oil $64.54/$64.93sup $63.71/$63.25Palm oil (3rd month)3,883/3,927 ringgitsup 3,812/3,768 ringgitWTI* $61.55/$62.05sup $60.23/$59.42Spot gold$3,335/$3,366sup $3,284/$3,266LME copper (...Reuters
Fri, May 23
Oil falls on stronger US dollar, possibility of higher OPEC+ output
By Laila Kearney May 23 (Reuters) - Oil prices slipped on Friday, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase its crude oil output. Brent futures LCOc1 fell 37 cents to $64.07 a barrel by 0015 GMT. U.S. West Texas Intermediate crude futures CLc1 los...Reuters
Fri, May 23
