News
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US Cash Crude-Grades eased as WTI/Brent spread holds below minus $4
HOUSTON, Dec 5 (Reuters) - U.S. cash crude grades eased on Friday, dealers said, as the spread between U.S. West Texas Intermediate crude and global benchmark Brent held below minus $4. WTI Midland eased 5 cents, while WTI at East Houston, also known as MEH, weakened 10 cents. Mars Sour eased 60 cen...Reuters
Fri, Dec 5
CIF/FOB Gulf Grain-Soybean and corn barge bids turn lower amid export demand uncertainty
CHICAGO, Dec 5 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals fell on Friday, amid continued trader uncertainty about the pace of export demand - particularly by China, market sources said.U.S. Treasury Secretary Scott Bessent on Wednesday said China was p...Reuters
Fri, Dec 5
CANADA-CRUDE-Discount on Western Canada Select widens
Dec 5 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Friday.WCS for January delivery in Hardisty, Alberta, settled at $12.95 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $12.85 on Thu...Reuters
Fri, Dec 5
PJM gets FERC approval to simplify connection of distribution-level resources
Dec 5 (Reuters) - U.S. electrical grid operator PJM Interconnection said on Friday that it received approval from the Federal Energy Regulatory Commission (FERC) on Thursday to simplify its rules for connecting generation resources at the distribution level.FERC has allowed PJM to drop a rule that r...Reuters
Fri, Dec 5
California Resources halts pipeline flow after leak at San Ardo Oil Field
By Nicole JaoNEW YORK, Dec 5 (Reuters) - California Resources CRC.N on Friday morning reported a leak at San Ardo Oil Field in Monterey County, California, according to a filing with a state regulator.The flow to the pipe has been halted and the discharge has been stopped, California Resources said ...Reuters
Fri, Dec 5
California Resources reports leak at San Ardo oil field in Monterey County, California
NEW YORK, Dec 5 (Reuters) - California Resources CRC.N on Friday reported a leak at San Ardo Oil Field in Monterey County, California, filing shows. A discharge of 93 barrels of produced water and 3 barrels of oil was found coming from a group line pipe, according to the filing.The flow to the p...Reuters
Fri, Dec 5
LIVESTOCK-CME cattle extend gains on improving cash prices, packer demand
By Tom Polansek CHICAGO, Dec 5 (Reuters) - Chicago Mercantile Exchange live cattle futures set a three-week high and feeder cattle hit their highest level in five weeks on Friday as cash prices rose and demand improved from meatpackers, brokers said. The markets advanced for the fourth consecutiv...Reuters
Fri, Dec 5
US natural gas futures surge 4.5% to 35-month high in cold snap
Extreme cold boosts cash prices to highest since last winterGas flows to LNG export plants near record highRecord gas output allows for increased storage levelsGlobal gas prices fall amid hopes for Ukraine peace talksBy Scott DiSavino NEW YORK, Dec 5 (Reuters) - U.S. natural gas futures jumpe...Reuters
Fri, Dec 5
CBOT soybeans lower as trade weighs Chinese demand for US soy
CHICAGO, Dec 5 (Reuters) - Chicago Board of Trade soybeans sagged on Friday and were headed for their first weekly loss in eight weeks amid uncertainty over the scale of Chinese demand for U.S. supplies under a bilateral trade truce.CBOT January soybeans SF26 settled 14-1/4 cents lower to $11.05-1/4...Reuters
Fri, Dec 5
CBOT wheat lower on strong global supply
CHICAGO, Dec 5 (Reuters) - Chicago Board of Trade wheat futures ended lower on Friday as ample global supplies of the grain weighed. Grain traders were turning their attention to a U.S. Department of Agriculture report due on Tuesday, in which the agency will give an update on global supplies and de...Reuters
Fri, Dec 5
GRAINS-Soy futures near one-month low on China demand doubts
By Tom Polansek CHICAGO, Dec 5 (Reuters) - Chicago Board of Trade soybean futures neared a one-month low on Friday and posted their first weekly loss in eight weeks amid uncertainty over the scale of Chinese demand for U.S. supplies under a bilateral trade truce.Wheat and corn futures also eased,...Reuters
Fri, Dec 5
Oil climbs to 2-week high on Fed rate-cut signals, supply concerns
US central bank expected to cut rates next weekRussia-Ukraine talks stall, affecting oil supply outlookOPEC+ production steady, geopolitical tensions influence pricesBy Scott DiSavino NEW YORK, Dec 5 (Reuters) - Oil prices edged up nearly 1% to a two-week high on Friday on increasing expectations...Reuters
Fri, Dec 5
SOFTS-Robusta coffee prices fall 6% on the week, sugar also down
NEW YORK, Dec 5 (Reuters) - Robusta coffee prices closed lower on Friday and posted a 6% weekly loss as recent storm damage to Vietnam's crop was seen as less significant than some had expected, while a record robusta crop in Brazil also weighed on prices. COFFEERobusta coffee LRCc2 s...Reuters
Fri, Dec 5
CBOT corn ends lower on expectations for ample supply
CHICAGO, Dec 5 (Reuters) - Chicago Board of Trade corn futures eased on Friday, with ample global grain supplies tempering support from brisk U.S. corn exports.CBOT March corn CH26 settled 2-1/2 cents lower at $4.44-3/4 per bushel.Grain traders were turning their attention to a U.S. Department of Ag...Reuters
Fri, Dec 5
US Cash Grains-Corn and soy processor basis steady, elevator bids mixed
CHICAGO, Dec 5 (Reuters) - Spot basis bids for corn and soybeans were mostly steady at U.S. Midwest processing plants on Friday and mixed at elevator locations as sinking prices dampened farmer selling interest.Benchmark Chicago Board of Trade corn futures Cv1 were lower on Friday and were on pace f...Reuters
Fri, Dec 5
US Plains HRW Wheat-Basis bids mostly steady on light demand, slow farmer sales
CHICAGO, Dec 5 (Reuters) - Spot basis bids for hard red winter wheat were quietly unchanged around the U.S. Plains on Friday on slow farmer sales and dull demand, grain merchants said.HRW wheat futures on the Chicago Board of Trade eased on Friday but remained within a recent narrow trading range. M...Reuters
Fri, Dec 5
Constellation reaches agreement with US Department of Justice for acquisition of Calpine
Dec 5 (Reuters) - U.S. power company Constellation Energy CEG.O said on Friday it has reached a resolution with the U.S. Department of Justice on the conditions required to complete the previously announced $16.4 billion acquisition of Calpine Corporation.The Federal Energy Regulatory Commission als...Reuters
Fri, Dec 5
CORRECTED-Google-backed TAE Technologies forms JV with UK's nuclear agency (Dec 2)
Dec 2 (Reuters) - TAE Technologies, a private company backed by Alphabet's GOOGL.O Google and Chevron CVX.N, said on Tuesday it had formed a joint venture with the United Kingdom's nuclear agency to develop neutral beams for nuclear fusion.Under the agreement, the UK Atomic Energy Authority ...Reuters
Fri, Dec 5
Gold holds strong at $4,200 as Fed-cut anticipation builds
Gold (XAU/USD) advances during the North American session on Friday, poised to finish the week almost flat above the $4,200 figure as market participants brace for the Federal Reserve (Fed) monetary policy meeting next week.
Fxstreet
Fri, Dec 5
US drillers add rigs for fourth time in five weeks, says Baker Hughes
By Scott DiSavino NEW YORK, Dec 5 (Reuters) - U.S. energy firms this week added drilling rigs for the fourth time in five weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, rose by five to 54...Reuters
Fri, Dec 5
