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EUROPE GAS-Prices dip on stronger Norwegian supply, wind power forecasts
LONDON, July 18 (Reuters) - Dutch and British wholesale gas prices edged lower on Friday morning as supply from Norway rose and forecasts for higher wind output in Germany next week curbed demand.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 0.90 euro at 34.20 euros per...Reuters
Fri, Jul 18
Boliden CEO expects company to resume dividend payments
July 17 (Reuters) - Swedish miner Boliden BOL.ST plans to resume dividends going forward, the group's Chief Executive Mikael Staffas said in an interview on Friday.The copper and zinc producer, which scrapped its payout for 2024 after the acquisitions of the Somincor and Zinkgruvan mines from Lu...Reuters
Fri, Jul 18
Greek owner of cocaine-loaded vessel seized in 2023 denies charges, lawyer says
By Yannis Souliotis and Renee Maltezou ATHENS, July 18 (Reuters) - The Greek former owner of a cargo ship, seized by Spain in 2023 for carrying more than four tons of cocaine along with coffee beans from Latin America to Europe, denies any link to drugs, his lawyer said on Friday. In January 2023...Reuters
Fri, Jul 18
METALS-Copper rises on upbeat US data, China demand prospects
By Hongmei Li SINGAPORE, July 18 (Reuters) - Copper prices rose on Friday, supported by stronger-than-expected U.S. economic data and expectations of increased buying from top consumer China after the recent price dip.Three-month copper on the London Metal Exchange CMCU3 gained 0.36% to $9,701.5 ...Reuters
Fri, Jul 18
China commerce minister discussed foreign investment, AI at meet with Nvidia CEO
By Che Pan and Casey Hall BEIJING, July 18 (Reuters) - China's Commerce Minister Wang Wentao told Nvidia NVDA.O CEO Jensen Huang on Thursday that he hoped multinational companies, including Nvidia, would provide high-quality and reliable products and services to Chinese customers, the minist...Reuters
Fri, Jul 18
PRECIOUS-Gold heads for weekly dip on firm dollar; platinum at highest since 2014
Palladium scales near two-year peakDollar heads for second weekly riseInvestors monitor trade negotiationsGold down 0.5% so far this weekBy Brijesh Patel July 18 (Reuters) - Gold prices traded flat on Friday and were headed for a weekly drop, weighed down by an overall stronger dollar and solid U...Reuters
Fri, Jul 18
TECHNICALS-CBOT soybeans to rise toward $10.42-$10.44 range
For more technical analyses, please click SINGAPORE, July 18 (Reuters) - The CBOT soybean November contract SX25 may break resistance at $10.35-1/4 per bushel and rise toward $10.42-$10.44 range.A wave c from $10 has travelled far above its 161.8% projection level of $10.26. Chances are it may exten...Reuters
Fri, Jul 18
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $66.38 per barrel, up from Thursday’s close at $66.30.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $68.89 price posted on Thursday, and trading at $68.96.
Fxstreet
Fri, Jul 18
COLUMN-Trump's push for a comeback in coal may turn to ashes: Maguire
By Gavin Maguire LITTLETON, Colorado, July 18 (Reuters) - U.S. President Donald Trump has singled out the coal industry as a key driver of U.S. energy dominance, but there are currently no new U.S. coal plants under construction and utilities have identified quicker and cheaper paths to boost pow...Reuters
Fri, Jul 18
China commerce minister says he met Nvidia CEO in Beijing
By Che Pan and Casey Hall BEIJING, July 18 (Reuters) - China's Commerce Minister Wang Wentao said on Friday he met with Nvidia NVDA.O CEO Jensen Huang in Beijing on Thursday. Wang said at a press conference that Huang has been dominating social media over the past few days during his visit t...Reuters
Fri, Jul 18
GRAINS-Soybeans head for 2.5% weekly gain on US demand hopes
CANBERRA, July 18 (Reuters) - Chicago soybean futures rose on Friday, on track for a weekly gain of about 2.5%, supported by hopes for improved U.S. exports and expectations that the country's biofuel policy would boost demand for soyoil used as feedstock. Despite the prices being less than $1 a...Reuters
Fri, Jul 18
California sues to challenge Trump's $4 billion high-speed rail clawback
Governor calls termination of grants 'illegal,' politicalProject criticized as long-delayed and way over budgetRail authority says program has created 15,500 jobsBy David Shepardson and Steve GormanWASHINGTON, July 17 (Reuters) - California Governor Gavin Newsom on Thursday vowed to fight th...Reuters
Fri, Jul 18
Oil prices little changed as Iraq outages clash with tariff worries
SINGAPORE, July 18 (Reuters) - Oil prices were little changed on Friday after rising in the previous session as concerns drone attacks on northern Iraqi oil fields will cut supply vied with worries of potential demand declines amid uncertainty in U.S. tariff policy. Brent crude futures LCOc1 eased ...Reuters
Fri, Jul 18
METALS-Copper rises on upbeat US data, China demand hopes
By Hongmei Li SINGAPORE, July 18 (Reuters) - Copper prices on the London Metal Exchange and the Shanghai Futures Exchange rose on Friday, supported by stronger-than-expected U.S. economic data and expectations of increased Chinese buying after the recent price dip.Three-month copper on the LME CM...Reuters
Fri, Jul 18
Canada eyes Mercosur trade pact to reduce US reliance, minister says
Minister says Canada will continue talks with China to address trade challengesThawing relations between India, Canada an important step, he saysCanadian companies over-exposed to U.S., not as competitive after tariffs, minister saysCountry is seeking to diversify trade, defense procurements from th...Reuters
Fri, Jul 18
Vibra started talks to buy Cosan's lubricants arm, Brazil Journal reports
SAO PAULO, July 17 (Reuters) - Brazilian fuel retailer Vibra VBBR3.SA began talks with conglomerate Cosan CSAN3.SA to buy Cosan's lubricants arm, Moove, news outlet Brazil Journal reported on Thursday, citing sources familiar with the matter.The talks were sparked by a minority shareholder, Euro...Reuters
Fri, Jul 18
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 18 (Reuters) - Contract Target Support/Resistance Brent oil $69.35/$69.15res $69.66/$69.98/$70.27Palm oil (3rd month)4,316/4,354 ringgitsup 4,273/4,254/4,231 ringgitWTI* $67.05/$66.75res $68.04/$68.66Spot gold$3,328/$3,313res $3,347/$3,3...Reuters
Fri, Jul 18
