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WTI falls $1/bbl ahead of US-Iran talks
TOKYO, Feb 5 (Reuters) - U.S. West Texas Intermediate crude CLc1 prices fell on Thursday after the U.S. and Iran agreed to hold talks in Oman on Friday despite remaining differences about the talk's agenda.WTI fell $1 per barrel, or 1.6%, to $64.13 per barrel, at 2308 GMT. Oil prices surged abou...Reuters
Wed, Feb 4
Australia's Ardea Resources secures up to $700 million funding for its Kalgoorlie Nickel project
Feb 5 (Reuters) - Australian miner Ardea Resources ARL.AX said on Thursday its Kalgoorlie Nickel project received letters of support for a potential funding of up to A$1 billion ($699.90 million), separately from Export Finance Australia and the Export-Import Bank of the United States.($1 = 1.4288 A...Reuters
Wed, Feb 4
CANADA-CRUDE-Discount on Western Canada Select widens
Feb 4 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened on Wednesday to its highest point since the Venezuela situation began. WCS for March delivery in Hardisty, Alberta, settled at $15.15 a barrel below the U.S. ben...Reuters
Wed, Feb 4
US Cash Crude- Grades fall as gasoline stocks reach 5-year high
HOUSTON, Feb 4 (Reuters) - Grades fell on Wednesday, dealers said, as gasoline stocks rose to a more than five-year high. U.S. gasoline stocks USOILG=ECI rose by 685,000 barrels last week to 257.9 million barrels, the highest since June 2020, the Energy Information Administration said. That compared...Reuters
Wed, Feb 4
Trump, Xi discuss Taiwan and soybeans in call aimed at easing China, US relations
Soybean futures rally on potential deal announced by TrumpTrump and Xi look to stabilize relationsUS president may visit Beijing in AprilBy Trevor Hunnicutt and Xiuhao Chen WASHINGTON/BEIJING, Feb 4 (Reuters) - China is considering buying more U.S.-farmed soybeans, President Donald Trump said...Reuters
Wed, Feb 4
CIF/FOB Gulf Grain-Soybean, corn barge basis bids tick higher
CHICAGO, Feb 4 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast export terminals firmed on Wednesday, as the potential of new Chinese soybean demand sent U.S. soy futures surging and farmers scrambling to sell stored crops, traders said.Warmer weather is expected this...Reuters
Wed, Feb 4
Argentina signs critical minerals deal with US, foreign ministry says
Feb 4 (Reuters) - Argentina and the United States signed an agreement on critical minerals on Wednesday to strengthen and secure supply chains, the Argentine foreign ministry said.The ministry said in a statement that the initiative is expected to drive significant economic growth for Argentina. The...Reuters
Wed, Feb 4
US Treasury's Bessent says he was wrong when he said tariffs could be inflationary
Bessent says Trump's tariffs are not causing inflationAs hedge fund manager, he had called tariffs inflationaryBessent has testy exchanges with Democrats at hearing By David Lawder and Andrea Shalal WASHINGTON, Feb 4 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he was w...Reuters
Wed, Feb 4
US and Iran agree to Friday talks in Oman but still at odds over agenda
Tensions have escalated since Iran's crackdown on protests Iran requested talks be moved to Oman to limit scopeIran wants talks to focus only on its nuclear programmeRubio says talks should include missile programme, other issuesBy Simon Lewis, Humeyra Pamuk and Parisa Hafezi WASHINGTON/DUBAI...Reuters
Wed, Feb 4
US judge sets Friday hearing on suit to restore New York tunnel funding
States claim USDOT funding halt is political retaliationHearing set for Friday by Judge Jeanette VargasExisting tunnel failure could impact 200,000 daily commutersBy David Shepardson WASHINGTON, Feb 4 (Reuters) - A U.S. judge will hold a hearing on Friday on the emergency request by New York and ...Reuters
Wed, Feb 4
US nuclear power regulator plans changes in line with Trump's goals on reactors
Plan in line with Trump goal to quadruple US nuclear powerCritics say reorganization risks rushing licensesBy Timothy Gardner WASHINGTON, Feb 4 (Reuters) - The U.S. nuclear power regulator said on Wednesday it is undergoing a reorganization in line with President Donald Trump's goals on speed...Reuters
Wed, Feb 4
US natural gas futures jump 5% on LNG export boost
Gas futures rise despite warmer weather forecastsVolatility in gas futures hits record high, boosting trading volumeU.S. LNG exports increase after Arctic freeze in JanuaryBy Scott DiSavinoNEW YORK, Feb 4 (Reuters) - U.S. natural gas futures jumped about 5% on Wednesday on increases in gas flows to ...Reuters
Wed, Feb 4
Oil prices climb 3% as market awaits US-Iran talks
U.S. crude stocks fall, but less than expected, limiting oil price gainsU.S. rejects Iran's request to change location of talks, report saysOil prices fluctuate due to U.S.-Iran tensions and Hormuz disruption fearsBy Nicole Jao NEW YORK, Feb 4 (Reuters) - Oil prices surged about 3% on Wednesd...Reuters
Wed, Feb 4
Republican senator opposes planned ICE detention center in Mississippi
By Jasper Ward WASHINGTON, Feb 4 (Reuters) - Republican U.S. Senator Roger Wicker on Wednesday told Homeland Security Secretary Kristi Noem he opposed plans to open an Immigration and Customs Enforcement (ICE) detention facility in Mississippi.The Trump administration is in the final stages of a...Reuters
Wed, Feb 4
LIVESTOCK-Cattle futures continue rally on bullish fundamentals
By Heather Schlitz CHICAGO, Feb 4 (Reuters) - CME live and feeder cattle futures rose for the third day in a row on Wednesday, on continued support from a tight cattle supply and the ongoing closure of the southern border to Mexican cattle imports, traders said.CME April live cattle LCJ26 finishe...Reuters
Wed, Feb 4
US judge sets Friday hearing on suit to restore New York tunnel funding
WASHINGTON, Feb 4 (Reuters) - A U.S. judge will hold a hearing on Friday on the emergency request of New York and New Jersey to force the restoration of funding for the massive $16 billion Hudson River tunnel before construction is set to halt on Friday.The states, which filed suit late on Tuesday, ...Reuters
Wed, Feb 4
Latin America's oil leaders to outcompete Venezuela through 2030, Rystad says
MEXICO CITY, Feb 4 (Reuters) - Argentina, Guyana and Brazil will lead Latin American oil production growth in 2026, adding more than 700,000 barrels per day and outcompeting Venezuela through at least 2030, according to Rystad Energy analysis.KEY CONTEXT• Latin America's oil production is foreca...Reuters
Wed, Feb 4
US Cash Grains-Corn basis rises at river terminals, ethanol plants
CHICAGO, Feb 4 (Reuters) - Basis bids for corn were steady to higher at river terminals and ethanol plants and steady to lower at other kinds of processors at locations in the U.S. Midwest on Wednesday as futures firmed slightly. The corn basis fell at processors in Decatur, Illinois, and Cedar Rapi...Reuters
Wed, Feb 4
CBOT wheat eases on ample supply, improving Black Sea forecast
CHICAGO, Feb 4 (Reuters) - Chicago Board of Trade wheat futures ticked lower on Wednesday on an ample global supply of the grain and an improving forecast for the wheat crop in the Black Sea. Ample global supply continued to cap grain prices as traders started to look ahead to world crop forecasts f...Reuters
Wed, Feb 4
