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TECHNICALS-CBOT corn may retrace into $4.36-3/4 to $4.35-1/4 range
SINGAPORE, Feb 24 (Reuters) - CBOT corn CK26 may retrace into a range of $4.36-3/4 to $4.35-1/4 per bushel, following its failure to break a key resistance at $4.44-3/4.The resistance is identified as the 61.8% projection level of a wave C which may either end around this level or extend to $4.51-1/...Reuters
Tue, Feb 24
TABLE-North Sea gas maintenance schedule
Feb 24 (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
Tue, Feb 24
UBS sets end-of-march 2027 Brent crude forecast at $67/bbl
Feb 24 (Reuters) - UBS on Tuesday set a new end-March 2027 Brent forecast of $67 per barrel and widened its assumed WTI-Brent discount to $4 a barrel from $3."A gradual fading of the risk premium and easing supply disruptions resulting in a better supplied market should bring Brent back into the...Reuters
Tue, Feb 24
ROI-US and China hold the keys to containing a Mideast oil shock: Bousso
By Ron Bousso LONDON, Feb 24 (Reuters) - A serious military confrontation between the U.S. and Iran could trigger a major disruption in Middle East oil supplies. The vast oil reserves the U.S. and China hold could prove critical in containing it.For now, uncertainty dominates in this protracted s...Reuters
Tue, Feb 24
TECHNICALS-CBOT soybeans may retest support at $11.36-1/4
For more technical analyses, please click SINGAPORE, Feb 24 (Reuters) - The CBOT soybean May contract SK26 would retest a support at $11.36-3/4 per bushel, a break below which could open the way toward the $11.24-1/4 to $11.31 range.A rising wedge is taking shape. It is considered a top pattern, sug...Reuters
Tue, Feb 24
South Korea's Hyundai Motor warns US tariff pressure may intensify despite Supreme Court ruling
Hyundai urges South Korea to pass $350 billion US investment legislationTrump administration may escalate tariff pressure, company president saysHyundai and Kia saw $5 bln financial hit from tariffs last yearBy Hyunjoo Jin SEOUL, Feb 24 (Reuters) - Hyundai Motor President Sung Kim on Tuesday urge...Reuters
Tue, Feb 24
ROI-Copper drives BHP and Rio, but getting more is the trick: Russell
By Clyde Russell LAUNCESTON, Australia, Feb 24 (Reuters) - The latest corporate results from major miners BHP Group BHP.AX and Rio Tinto RIO.AX highlight copper's starring role in driving profits, but they also underline how difficult it will be to get more exposure to the industrial metal.BH...Reuters
Tue, Feb 24
PRECIOUS-Gold falls from three-week high on profit-booking, firm dollar
Gold rose to more than 3-week high earlier in the sessionTrump warns countries against backing away from trade dealsFed's Waller open to rate pause if February jobs data strongBy Ishaan Arora Feb 24 (Reuters) - Gold prices fell on Tuesday as investors booked profits after bullion rose more th...Reuters
Tue, Feb 24
CK Hutchison says Panama Canal port workers removed after court-ordered takeover
Panama officially cancels CK Hutchison's port contracts after court rulingPanama grants temporary licences for two terminals to Maersk and MSC CK Hutchison says Panama takeover unlawful, consulting on pursuing legal actionCK Hutchison says Panama authorities remove employees , threaten with pros...Reuters
Tue, Feb 24
Taiwan rattled by 5.6 magnitude quake, no reports of damage
TAIPEI, Feb 24 (Reuters) - A 5.6 magnitude earthquake struck just off the coast of Taiwan's northeastern county of Yilan on Tuesday, the island's weather administration said, with no reports of damage.The quake briefly shook buildings in the capital, Taipei. The quake had a depth of 66.8 km ...Reuters
Tue, Feb 24
Taiwan rattled by 5.6 magnitude quake, no immediate reports of damage
TAIPEI, Feb 24 (Reuters) - A 5.6 magnitude earthquake struck just off the coast of Taiwan's northeastern county of Yilan on Tuesday, the island's weather administration said, with no immediate reports of damage.The quake briefly shook buildings in the capital, Taipei. The quake had a depth o...Reuters
Tue, Feb 24
PRECIOUS-Gold falls from three-week high on profit-booking, firm dollar
Gold rose to more than 3-week high earlier in the sessionTrump warns countries against backing away from trade dealsFed's Waller open to rate pause if February jobs data strongBy Ishaan Arora Feb 24 (Reuters) - Gold prices fell on Tuesday as investors booked profits after bullion rose more th...Reuters
Tue, Feb 24
WTI trades near $67.00, six-month highs on supply disruption fears
West Texas Intermediate (WTI) Oil price extends gains for the second successive session, trading around $66.80 per barrel during the Asian hours on Tuesday. WTI price remains close to a six-month high of $67.23, reached on February 23.
Fxstreet
Tue, Feb 24
FACTBOX-More than 447,000 customers without power as winter storm hits US Northeast
Feb 23 (Reuters) - A winter storm across parts of the U.S. Northeast has left more than 447,000 homes and businesses without power, as officials across the region warned of heavy snow, strong winds and dangerous travel conditions. The hardest-hit utilities included Eversource Energy ES....Reuters
Tue, Feb 24
GRAINS-Soybeans fall for third session on US export worries; wheat, corn firm
Soybeans give up earlier gains, fall for 3rd sessionMarket awaits Chinese demand after Lunar New Year breakBy Naveen Thukral SINGAPORE, Feb 24 (Reuters) - Chicago soybeans slid on Tuesday, losing more ground on uncertainty around U.S. exports following the Supreme Court's decision to stri...Reuters
Tue, Feb 24
TECHNICALS-US oil may retest support at $66.16
For more technical analyses, click SINGAPORE, Feb 24 (Reuters) - U.S. oil CLc1 may retest a support at $66.16 per barrel, a break below which may trigger a fall to $65.23.A bearish divergence formed on the hourly RSI, signalling the exhaustion of the uptrend and a forthcoming correction, which could...Reuters
Tue, Feb 24
PRECIOUS-Gold falls from three-week high as dollar firms
Feb 24 (Reuters) - Gold prices fell from a more than three-week high on Tuesday, as pressure from a stronger dollar outweighed support from U.S. tariff uncertainty and Washington-Tehran tensions. FUNDAMENTALSSpot gold XAU= fell 1.5% to $5,150.38 per ounce by 0125 GMT after hitting a more ...Reuters
Tue, Feb 24
US Chemical Safety Board faults Pemex in 2024 fatal accident
By Erwin SebaHOUSTON, Feb 23 (Reuters) - The lack of a standard system for correctly identifying idled equipment at Pemex's Deer Park, Texas, refinery led to a poison gas release that killed two workers, the U.S. Chemical Safety and Hazard Investigation Board (CSB) said in a report released on M...Reuters
Tue, Feb 24
