News
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Gold Price Forecast: XAU/USD is showing signs of hesitation above $4.300
Gold (XAU/USD) is posting marginal gains on Wednesday, but price action remains contained within previous ranges. Upside attempts remain capped below all-time highs at $4,350, and bears are contained above the $4,260-$4,270 so far.
Fxstreet
Wed, Dec 17
Nucor Announces Guidance For The Fourth Quarter Of 2025 Earnings
Dec 17 (Reuters) - Nucor Corp NUE.N:NUCOR ANNOUNCES GUIDANCE FOR THE FOURTH QUARTER OF 2025 EARNINGSNUCOR CORP - EXPECTS Q4 EARNINGS BETWEEN $1.65 AND $1.75 PER SHARENUCOR - LOOKING INTO 2026, ENCOURAGED BY BACKLOGS THAT ARE MATERIALLY HIGHER THAN THEY WERE YEAR AGO AT THIS TIMENUCOR CORP - EARNINGS...Reuters
Wed, Dec 17
Gold retreats slightly as US Dollar rebounds
Gold (XAU/USD) trades with a mild positive bias on Wednesday but struggles to build on early gains, as a rebound in the US Dollar (USD) caps upside momentum. At the time of writing, XAU/USD is trading around $4,315, easing back after briefly touching $4,342 during the early European session.Fxstreet
Wed, Dec 17
SOFTS-Arabica coffee hits near three-month low, cocoa extends recovery
LONDON, Dec 17 (Reuters) - Arabica coffee futures on the ICE exchange hit near three-month lows on Wednesday as export sales pick up in top grower Brazil amid an improved 2026 production outlook, while cocoa extended its recovery. COFFEEArabica coffee KCc2 fell 0.5% to $3.5390 per lb at 1109 GMT...Reuters
Wed, Dec 17
RPT-EXCLUSIVE-Mexico's Pemex awards five contracts to boost oil output, fails to draw big players, document shows
Pemex awards five of 11 planned joint venture contractsContracts part of joint ventures aimed at adding 450,000 bpd Local companies primarily involved, Pemex holds 40%-85% stakesBy Ana Isabel Martinez, Adriana Barrera and Stefanie Eschenbacher MEXICO CITY, Dec 16 (Reuters) - Mexican state oil com...Reuters
Wed, Dec 17
Asia Fuel Oil-Spot differentials steady, HSFO cracks firm on volatile crude
SINGAPORE, Dec 17 (Reuters) - Spot differentials for the Asia fuel oil market were little changed on Wednesday, though high-sulphur fuel cracks inched higher amid volatile crude prices. Benchmarks for crude strengthened on the day after U.S. President Donald Trump ordered a total and complete blocka...Reuters
Wed, Dec 17
EUROPE GAS-European price rise on colder, less windy outlook, LNG outage
OSLO, Dec 17 (Reuters) - Dutch and British gas prices rose on Wednesday morning, supported by a colder and less windy weather outlook and an outage at the Freeport liquefied natural gas plant in the U.S., while gas storages remain below previous years' levels.The benchmark Dutch front-month cont...Reuters
Wed, Dec 17
China says Philippines distorted facts about incident near disputed atoll
BEIJING, Dec 17 (Reuters) - China's defence ministry accused the Philippines on Wednesday of distorting the facts about an incident involving the Chinese coast guard and Filipino fishermen near a South China Sea shoal, and defended Chinese actions as "reasonable and lawful".Manila's ...Reuters
Wed, Dec 17
European Gas prices extend losses – ING
European Gas prices remain under pressure as mild weather weighs on demand, but below-average EU storage levels and a heavily short-positioned market could provide support if colder conditions materialize later this month, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Wed, Dec 17
MOL signs deal with Azerbaijan's SOCAR for joint onshore exploration and production project
Dec 17 (Reuters) - MOL Nyrt MOLB.BU says in an emailed statement:HUNGARY MOL GROUP AND AZERBAIJAN'S SOCAR SIGNED ONSHORE EXPLORATION AND PRODUCTION SHARING AGREEMENTMOL GROUP AS OPERATOR HAS 65% STAKE AND SOCAR HAS 35% IN THE JOINT ONSHORE EXPLORATION PROJECTAGREEMENT IS FOR AN ONSHORE AREA IN T...Reuters
Wed, Dec 17
Gold and uranium boost Namibia's tax revenue after diamond prices plunge
WINDHOEK, Dec 17 (Reuters) - Namibia's diamond revenue has been surpassed by income from other minerals for the first time, the country's mining chamber said, with record gold prices and higher uranium output helping to offset the impact of weak gem prices. Diamond income has traditionally b...Reuters
Wed, Dec 17
Russia says tensions around Venezuela could have unpredictable consequences for the West - TASS
MOSCOW, Dec 17 (Reuters) - The Russian Foreign Ministry said on Wednesday that tensions surrounding Venezuela could have unpredictable consequences for the entire West, Russian state news agency TASS reported.Reuters
Wed, Dec 17
Oil sell-off deepens as Brent breaks below $60 – ING
Oil prices slid sharply as surplus fears intensified, pushing Brent below $60 per barrel, though supply risks and falling US Crude inventories offered limited near-term support, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Wed, Dec 17
Ukraine drone debris sparks fire at Russia's Slavyansk refinery, authorities say
Dec 17 (Reuters) - Debris from a downed Ukrainian drone briefly set fire to processing equipment and a pipeline at an oil refinery in Russia’s southern Krasnodar region overnight, authorities there said on Wednesday. There were no casualties reported at the Slavyansk refinery, which Kyiv has ...Reuters
Wed, Dec 17
EnQuest Expects To Deliver Against All 2025 Guidance Targets
Dec 17 (Reuters) - EnQuest PLC ENQ.L:ENQUEST PLC: WE EXPECT TO AGAIN DELIVER AGAINST ALL 2025 GUIDANCE TARGETSENQUEST PLC: REAFFIRMING OUR INTENT TO DELIVER VALUE-ACCRETIVE GROWTH, BOTH IN UK AND ACROSS SOUTH EAST ASIA, AS OUR HIGHEST PRIORITYENQUEST PLC: GROUP PRODUCTION FOR YTD 30 NOVEMBER HAS AVE...Reuters
Wed, Dec 17
TABLE-UAE's Fujairah oil inventory data for week ended December 15
Dec 17 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended December 15, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change f...Reuters
Wed, Dec 17
Korea Zinc's plan to build US smelter would benefit South Korea, minister says
SEOUL, Dec 17 (Reuters) - South Korea's industry minister said on Wednesday that Korea Zinc's plan to build a U.S. smelter would help develop supply chains for critical minerals and added that Seoul could discuss whether the plan might receive support from a U.S. investment fund. Korea Z...Reuters
Wed, Dec 17
TABLE-North Sea gas maintenance schedule: Adds St. Fergus outage
Dec 17 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Wed, Dec 17
GRAINS-Wheat finds footing after ample supply triggers fund selloff
CANBERRA, Dec 17 (Reuters) - Chicago wheat futures regained some ground on Wednesday after plunging to eight-week lows in the previous session as ample supply and progress in peace negotiations between Russia and Ukraine triggered selling by speculative investors.Corn futures steadied after falling ...Reuters
Wed, Dec 17
