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US natural gas futures drop 3% on rising output and mild weather
Mild weather expected to reduce heating demandGas output in Lower 48 states rises to 106.9 bcfdLNG export flows increase to 18.5 bcfd in FebruaryBy Scott DiSavinoNEW YORK, Feb 6 (Reuters) - U.S. natural gas futures eased about 3% on rising output and forecasts for mild weather over the next two week...Reuters
11 hours ago
Oil prices climb on worries of possible Iran-US conflict
Geopolitical risk reverses oil price decline HOUSTON, Feb 6 (Reuters) - Oil prices settled higher on Friday, reversing earlier losses as traders worried that this week's talks between the U.S. and Iran had failed to reduce the risk of a military conflict between the two countries. Brent...Reuters
11 hours ago
GRAINS-Soybeans continue gains on Trump's China comments
By Heather Schlitz CHICAGO, Feb 6 (Reuters) - Chicago Board of Trade soybeans continued a three-day rally on Friday, fuelled by President Donald Trump's remarks on Wednesday that China would buy more U.S. soybeans. Corn and wheat chopped up and down, though ample global supply continued to cu...Reuters
11 hours ago
CBOT wheat lower on abundant global supply
CHICAGO, Feb 6 (Reuters) - Chicago Board of Trade wheat futures ended lower on ample global supply continued to curb grain prices while traders turned their attention to a U.S. Department of Agriculture world crop report, due next Tuesday. USDA/ESTIn wheat, traders have been monitoring severe cold i...Reuters
12 hours ago
CBOT corn ends lower after choppy trade
Feb 6 - Chicago Board of Trade corn futures ended lower after spending the day chopping up and down while under pressure from improving global weather, though rising soybean futures added underlying support.Traders are monitoring dry weather in Argentina, though a massive U.S. harvest last year and ...Reuters
12 hours ago
CBOT soybeans head higher on hopes of Chinese purchases
CHICAGO, Feb 6 (Reuters) - Chicago Board of Trade soybean futures continued a three-day-long rally on Friday fuelled by President Donald Trump's remarks on Wednesday that China would buy more U.S. soybeans. Soybeans hit a two-month high on Wednesday after Trump posted that China was hiking purch...Reuters
12 hours ago
CME Group says metals settlements delay resolved
Feb 6 (Reuters) - CME Group said on Friday that it has resolved an issue that delayed the publication of metals settlements earlier in the day, according to an update on its website. The exchange operator had earlier flagged a delay in publishing metals settlements, saying its support team...Reuters
12 hours ago
PRECIOUS-Gold bounces back on softer dollar, US-Iran concerns; silver rebounds
Silver up over 6% after falling below $65 during Asian tradeIran says talks with US in Oman were 'good start', will continueCME raises margins for gold, silver on ThursdayBy Anmol Choubey Feb 6 (Reuters) - Gold rebounded on Friday and was set for a weekly gain, helped by bargain hunting, ...Reuters
12 hours ago
Argentina trade deals with US do not box out China, minister says
By Leila Miller and Brendan O'Boyle BUENOS AIRES, Feb 6 (Reuters) - A deal on critical minerals between Argentina and the U.S. signed this week does not rule out Chinese investment in the country's mining sector, Argentine Foreign Minister Pablo Quirno said on Friday."This, as of tod...Reuters
12 hours ago
US drillers add oil and gas rigs for third week in a row, says Baker Hughes
Rig count rises by five to 551, highest since NovemberHaynesville Shale rig count jumps by seven to 50Permian Shale rig count drops to lowest since July 2021By Scott DiSavino NEW YORK, Feb 6 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the f...Reuters
13 hours ago
US Plains HRW Wheat-Basis bids rise at some Kansas, Oklahoma elevators
CHICAGO, Feb 6 (Reuters) - Basis bids for hard red winter wheat rose at grain elevators in parts of Kansas and Oklahoma on Friday and were steady elsewhere, dealers said.One elevator raised its basis bid because it was aiming to bring in supplies after shipping out orders that had been on the books,...Reuters
13 hours ago
PJM expects major power shortfall amid data center boom, Bloomberg News reports
Feb 6 (Reuters) - U.S. grid operator PJM Interconnection warned of a potential power supply shortfall of up to 60 gigawatts over the next decade as demand from data centers surges, Bloomberg News reported on Friday, citing its executives who spoke at a meeting.The shortfall would come unless unp...Reuters
14 hours ago
US drillers add oil and gas rigs for third week in a row, says Baker Hughes
By Scott DiSavinoNEW YORK, Feb 6 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since November, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.Reuters
14 hours ago
Euronext wheat ends week lower
PARIS, Feb 6 (Reuters) - Euronext wheat fell on Friday to post a weekly fall as participants made adjustments in front-month futures while a firmer euro dented export prospects.March milling wheat BL2H6 on Euronext settled 1.8% down at 190.00 euros ($224.45) a metric ton. Over the week, the contract...Reuters
14 hours ago
Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, Feb 6 (Reuters) - Northwest European gasoline refinery profit margins fell on Friday by 69 cents to about $8.40 a barrel.About 16,000 tons of E5 gasoline barges traded on Argus, with BP, ExxonMobil and Equinor selling to Varo and TotalEnergies.About 6,000 metric tons of Eurobob E10 gasoline ...Reuters
14 hours ago
