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US imposes tariffs on one-kilo gold bars, FT reports
WASHINGTON, Aug 7 (Reuters) - The United States has imposed tariffs on imports of one-kilo gold bars, the Financial Times reported on Thursday, citing a letter from Customs Border Protection.The letter - dated July 31 - said one-kilo and 100 ounce gold bars should be classified under a customs code ...Reuters
Thu, Aug 7
US oil producer EOG beats second-quarter profit estimates
Aug 7 (Reuters) - EOG Resources EOG.N beat estimates for second-quarter profit on Thursday, as a rise in output helped the U.S. energy producer offset a drop in crude oil prices. The Houston-based company posted an adjusted income of $2.32 per share for the quarter ended June 30, compared with analy...Reuters
Thu, Aug 7
Helicopter crash kills two people, shuts Mississippi River, Coast Guard says
CHICAGO, Aug 7 (Reuters) - A helicopter crashed into a barge on the Mississippi River on Thursday, killing two people who were on the helicopter and closing the river to traffic near Alton, Illinois, a U.S. Coast Guard spokesperson said. The river shut from mile marker 199 to mile marker 201, spokes...Reuters
Thu, Aug 7
US crude exports hit four-year low in July on low domestic supplies
Exports ease to 3.1 mln bpd, lowest since Oct 2021 - KplerExports to Asia fall to lowest since January 2019 - KplerLow oil stocks keep barrels within the United StatesWTI arbitrage to Asia seen open in the fourth quarterRising OPEC+ supply could weigh on U.S. crude demand By Arathy Somasekhar HOU...Reuters
Thu, Aug 7
CBOT soybeans end higher on technical bounce
CHICAGO, Aug 7 (Reuters) - Chicago Board of Trade soybean futures edged up from a four-month trough on Thursday as low prices stirred demand for the oilseed. U.S. soybeans are now some of the cheapest in the world, sparking an uptick in global demand. The U.S. Department of Agriculture reported tota...Reuters
Thu, Aug 7
GRAINS-Wheat, soy and corn bounce off lows as demand stirs
Strong export sales data boosts wheat, corn and soy futuresRecovery also fuelled by short covering and technical tradingBy Heather Schlitz CHICAGO, Aug 7 (Reuters) - Chicago Board of Trade wheat futures rebounded on Thursday after hitting a five-year low the previous day, and corn recovered from ...Reuters
Thu, Aug 7
ICE canola futures bounce back despite rainfall
WINNIPEG, Manitoba, Aug 7 (Reuters) - ICE canola futures rebounded on Thursday, rising more than 1% despite rain in parts of Western Canada. • November canola RSX5 settled up $7.60 at $677.30 per metric ton. January RSF6 rose $7.40 to $689.10.• Thursday's gains follow five straight losses and le...Reuters
Thu, Aug 7
CBOT corn recovers from lows on technical trading, demand uptick
CHICAGO, Aug 7 (Reuters) - Chicago Board of Trade corn futures recovered from previous contract lows on Thursday as chart support and signs of new export demand countered the pressure of ample supplies, traders saidAmple global supply of corn had pushed corn futures to contract lows on Wednesday. Ch...Reuters
Thu, Aug 7
US natural gas futures steady as small storage build offset near-record output
Extreme heat last week boosted gas demand for air conditioningUS gas output at near-record levels so far in AugustNear-record gas flows to LNG export plants support pricesBy Scott DiSavino Aug 7 (Reuters) - U.S. natural gas futures held steady on Thursday as a smaller-than-expected storage build ...Reuters
Thu, Aug 7
PRECIOUS-Safe-haven gold touches 2-week peak on trade tensions, rate cut hopes
Fed Governor Waller leads race to replace Chair Powell, Bloomberg reportsMarket sees over 91% rate cut chance in Sept - CME FedwatchSilver hits 2-week highBy Sarah Qureshi Aug 7 (Reuters) - Gold rose to an over two-week high on Thursday, buoyed by safe haven demand after U.S. President Donald Tru...Reuters
Thu, Aug 7
Oil falls on announcement of Trump-Putin meeting
Oil prices have fallen over 9% the last weekOPEC+ to raise oil production by 547,000 barrels per day in SeptemberInvestors cautious after Trump tariffs on IndiaBy Stephanie Kelly NEW YORK, Aug 7 (Reuters) - Oil prices dropped on Thursday for a sixth consecutive session after the Kremlin said Russ...Reuters
Thu, Aug 7
SOFTS-Coffee prices rise as tariffs halt US-Brazil trade
NEW YORK, Aug 7 (Reuters) - Coffee futures on ICE rose on Thursday, with little sign of any easing in trade tensions between the top consumer United States and the top grower Brazil, while cocoa prices also gained. COFFEE * Arabica coffee futures KCc1 settled up 4.4 cents, or 1.5...Reuters
Thu, Aug 7
CBOT wheat rebounds as low prices spark demand
CHICAGO, Aug 7 (Reuters) - U.S. wheat futures rebounded on Thursday after hitting a five-year low on Wednesday as low prices stirred an uptick in demand and traders covered short positions. Abundant global supplies of wheat from recent Northern Hemisphere harvests prompted a sell-off in the previous...Reuters
Thu, Aug 7
Citi's base case sees Brent prices heading towards low-$60s/bbl by end-year
Aug 7 (Reuters) - Analysts at Citibank said on Thursday their base case remains for Brent oil prices to head toward the low $60s per barrel by the end of this year, citing softening markets.Brent crude futures LCOc1 were down 36 cents at $66.53 a barrel at 1:46 p.m. EDT on Wednesday. U.S. West Texas...Reuters
Thu, Aug 7
Mexico pivots towards fracking to lift Pemex oil and gas production
Mexico's 10-year plan aims to revitalize Pemex with help of frackingSheinbaum approves fracking despite previous oppositionMexico's oil output has declined from about 3.4 million bpd in early 2000s to 1.6 million bpd By Adriana Barrera MEXICO CITY, Aug 7 (Reuters) - Mexico is planning to ...Reuters
Thu, Aug 7
Cheniere's Q2 profits double, inks first long-term LNG deal to supply Japan
Cheniere's adjusted core profit missed analysts' forecastsCheniere signs 21-year LNG deal with Japan's JERATax burden falls below 10% due to Big Beautiful BillTo return to constructing large LNG plants onsiteBy Curtis Williams and Tanay Dhumal Aug 7 (Reuters) - Cheniere Energy's L...Reuters
Thu, Aug 7
Gold rallies as weak US jobs data, tariffs stoke stagflation fears
Gold price reverses its course and registers solid gains on Thursday as the latest round of jobs data in the United States (US) points to a weakening labor market. Consequently, investors increased their dovish bets as the Federal Reserve (Fed) is expected to resume its easing cycle in September.
Fxstreet
Thu, Aug 7
US issues new Iran-related sanctions, Treasury says
Aug 7 (Reuters) - The United States imposed sanctions Thursday on 18 entities and individuals to target what the Treasury Department called a network helping Iran evade sanctions and generate revenue.The U.S. targets include RUNC Exchange System Company and its leadership, Cyrus Offshore Bank, and I...Reuters
Thu, Aug 7
ConocoPhillips to sell Anadarko assets for $1.3 bln; profit beats estimates
ConocoPhillips to sell Anadarko assets for $1.3 blnBeats Q2 profit estimatesRaises asset sale target to $5 bln by 2026Lower prices offset by strong production growthQ3 output seen at 2.33–2.37 mln boepdBy Arunima KumarAug 7 (Reuters) - ConocoPhillips COP.N will sell its Anadarko Basin assets for $1....Reuters
Thu, Aug 7
