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WTI Oil declines as Iraq production resumes, Fed rate cut hopes cap downside
West Texas Intermediate (WTI) US Oil trades around $58.50 on Tuesday at the time of writing, down 0.40% on the day. The Crude Oil market is declining after the announcement of restored production at Iraq’s West Qurna 2 field, a development that increases short-term supply and pressures Oil prices.
Fxstreet
Tue, Dec 9
US natural gas futures dip 3% as mild weather trims demand
Near-record gas output allows for increased storage levelsMeteorologists project mild US weather through late DecemberGlobal gas prices at 19-month lows on Ukraine peace talks, mild winterGas flows to LNG export plants near record highBy Scott DiSavino NEW YORK, Dec 9 (Reuters) - U.S. natural gas...Reuters
Tue, Dec 9
Copper hits record high near $11,800 amid strong start to 2025 – Commerzbank
Copper started the week at a new record high of almost $11,800 per ton, up 33% on the start of the year. China impressed with good export figures: exports were almost 6% higher than last year, giving China its third-largest monthly trade surplus ever.Fxstreet
Tue, Dec 9
Gold: BIS report warns of Gold price correction – Commerzbank
According to a report by the Bank for International Settlements (BIS), the rise in Gold prices since the beginning of September has been amplified by speculative purchases by retail investors, thereby decoupling Gold from typical patterns of behavior such as that of a safe haven.
Fxstreet
Tue, Dec 9
Nigeria Senate approves Tinubu's troop deployment to Benin Republic after coup bid
By Camillus Eboh ABUJA, Dec 9 (Reuters) - Nigeria's Senate on Tuesday gave its approval for President Bola Tinubu's deployment of troops to Benin Republic after Benin's government asked its bigger neighbour for help to quell an attempted coup on Sunday.Tinubu said in a letter to lawma...Reuters
Tue, Dec 9
Ghana's Cybele Energy signs agreement to explore offshore block in Guyana
GEORGETOWN, Dec 9 (Reuters) - Ghana's oil firm Cybele Energy on Tuesday signed a production sharing agreement that will allow the company to explore and produce oil and gas at an offshore block in Guyana, the company and government officials said.The area, for which Cybele must pay a $17-million...Reuters
Tue, Dec 9
CBOT Trends-Wheat down 2-3 cents, corn steady-up 1, soy down 3-4
CHICAGO, Dec 9 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Tuesday. NOTE: The U.S. Department of Agriculture will release its monthly supply-demand report at 11:00 a.m. CT (1700 GMT)....Reuters
Tue, Dec 9
Activist fund Ananym pushes Siemens Energy to spin off ailing wind division
Divestment or spin-off could raise shares by as much as 60%Siemens Energy: values constructive input on creating valueWind unit recovering after quality crisis from two years agoBy Christoph Steitz FRANKFURT, Dec 9 (Reuters) - U.S.-based activist investor Ananym Capital has taken a stake in Germa...Reuters
Tue, Dec 9
TurkStream pipeline operator to relocate base to Budapest, bypassing sanctions, Hungary says
TurStream operator relocating from the Netherlands to HungaryThe operator has faced litigation in the NetherlandsHungary buying Russian energy despite EU, NATO criticism BUDAPEST, Dec 9 (Reuters) - The TurkStream pipeline operator will be able to conduct business without issues after relocating i...Reuters
Tue, Dec 9
REFILE-GRAINS-Soybeans slip further on China demand doubts
CANBERRA/PARIS, Dec 9 (Reuters) - Chicago soybean futures edged lower on Tuesday to hold at their lowest since late October amid market doubts about the scale of Chinese demand for U.S. soybeans under a bilateral trade truce, and on expectations that large South American production will keep the mar...Reuters
Tue, Dec 9
Cronos To Enter The Netherlands With Acquisition Of Europe's Largest Adult-Use Cannabis Company
Dec 9 (Reuters) - Cronos Group Inc CRON.TO:CRONOS TO ENTER THE NETHERLANDS WITH ACQUISITION OF EUROPE’S LARGEST ADULT-USE CANNABIS COMPANYCRONOS GROUP INC - TO BUY CANADELAAR FOR US$67.0MCRONOS GROUP INC - ADDITIONAL CASH EARNOUT BASED ON 0.5X EBITDA IN 2026 AND 2027Reuters
Tue, Dec 9
PRESS DIGEST-Canada - Dec 9
Dec 9 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL- Microsoft MSFT.O said it is investing more than C$7.5 billion ($5.42 billion) in Canada over the next two years...Reuters
Tue, Dec 9
HF Sinclair forecasts lower capex in 2026 on reduced maintenance costs
Dec 9 (Reuters) - HF Sinclair DINO.N on Tuesday forecast capital expenditure for 2026 at $775 million, a drop of 11% from its estimated spending for this year, as it expects reduced maintenance costs.U.S. refiners have been focusing on maintenance activities after operating at breakneck capacity in ...Reuters
Tue, Dec 9
Gencor Q4 revenue falls 10% yr/yr, net income rises helped by income tax benefit
OverviewGencor Q4 revenue falls 10% yr/yr to $18.8 mlnCompany reports operating due to lower margins and higher SG&A expensesNet income rises to $1.9 mln in Q4, aided by income tax benefitOutlookCompany did not provide specific future guidanceResult DriversLOWER MARGINS - Reduced manufacturing o...Reuters
Tue, Dec 9
Gold steady above $4,200 amid Fed rate cut anticipation
Gold (XAU/USD) holds its footing on Tuesday, extending the sideways pattern that has dominated trade for a little over a week as investors stay on the sidelines ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday.Fxstreet
Tue, Dec 9
Auto parts retailer AutoZone slightly misses Q1 sales estimates
OverviewAutoZone Q1 net sales up 8.2% yr/yr but slightly missed analyst expectationsAdjusted EPS for Q1 missed consensus, reflecting increased operating expensesCompany repurchased 108,000 shares for $431.1 mln under share buyback programOutlookCompany plans to open more stores throughout the fiscal...Reuters
Tue, Dec 9
PRECIOUS-Gold rises as markets brace for Fed guidance on easing path
Markets price in 89.4% chance of Dec rate cutFOMC policy meeting on December 9-10By Arunima Kumar and Pablo Sinha Dec 9 (Reuters) - Gold rose on Tuesday as investors positioned for an expected December Federal Reserve rate cut and looked for signs of whether policymakers will outline a slowe...Reuters
Tue, Dec 9
