News
Important Only
METALS-Copper prices little changed as markets await impact of US tariffs
By Hongmei Li SINGAPORE, July 16 (Reuters) - Copper prices on the London Metal Exchange and the Shanghai Futures Exchange moved little on Wednesday, as markets awaited the impact of U.S. President Donald Trump's trade tariffs, which are set to take effect on August 1.Three-month copper on the...Reuters
Wed, Jul 16
PRECIOUS-Gold nudges higher as focus turns to US tariff negotiations
July 16 (Reuters) - Gold prices edged higher on Wednesday, as investors digested economic data showing an increase in U.S. consumer prices last month and awaited further clarity on U.S. President Donald Trump's trade policy. FUNDAMENTALS* Spot gold XAU= was up 0.3% at $3,330.99 per ounce,...Reuters
Wed, Jul 16
Rio Tinto Q2 iron ore output rises as Trott gets set to take helm
Q2 iron ore shipments 79.9 million tons, up 13% from prior quarterQ2 Pilbara iron ore output strongest since 2018Sees FY25 copper guidance at the higher end of rangeBy Roshan Thomas and Melanie Burton July 16 (Reuters) - Rio Tinto RIO.AX reported its strongest second-quarter iron ore production s...Reuters
Wed, Jul 16
Oil prices gain on demand expectations amid improving economy
By Colleen Howe BEIJING, July 16 (Reuters) - Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world's two largest oil users, amid an improving economic outlook. Brent crude futures LCOc1 rose 29 cents, or 0.42%, to $69 a barrel by 0105 GMT. U.S. West Te...Reuters
Wed, Jul 16
WTI edges lower to below $66.00 as Trump's 50-day deadline for Russia eases supply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.70 during the early Asian trading hours on Wednesday. The WTI price edges lower amid easing concerns about supply disruption after US President Donald Trump gives a 50-day deadline for Russia to end the war in Ukraine.
Fxstreet
Wed, Jul 16
Trump says Vietnam trade deal is 'pretty well set'
By Andrea Shalal WASHINGTON, July 15 (Reuters) - U.S. President Donald Trump said on Tuesday that a trade agreement with Vietnam was nearly complete.Trump told reporters at Joint Base Andrews near Washington that he could release details of the Vietnam trade agreement, but did not think it was ne...Reuters
Wed, Jul 16
Canada's First Nations launch constitutional challenge of legislation
By Anna Mehler Paperny TORONTO, July 15 (Reuters) - A group of Canada's First Nations has launched a constitutional challenge to recently passed laws that would fast-track approval of infrastructure projects like mines and oil pipelines, arguing the measures violate the government's oblig...Reuters
Wed, Jul 16
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 16 (Reuters) - Contract Target Support/Resistance Brent oil $68.66/$68.32res $69.41/$69.57/$69.70Palm oil (3rd month)4,233/4,257 ringgitsup 4,173/4,157/4,134 ringgitWTI* $66.17/$65.34res $67.13/$67.51Spot gold$3,320/$3,312res $3,333/$3,3...Reuters
Wed, Jul 16
Repairs continuing on hydrocracker at Marathon Galveston Bay Texas Refinery, sources say
By Erwin SebaHOUSTON, July 15 (Reuters) - Repairs were continuing on Tuesday to a diesel-producing hydrocracker at Marathon Petroleum's MPC.N 631,000-barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, said people familiar with plant operations.The 60,000-bpd hydrocracker, called t...Reuters
Wed, Jul 16
Oil slips as Trump's 50-day deadline for Russia eases supply fears
NEW YORK, July 15 (Reuters) - Oil prices dropped by less than 1% on Tuesday after U.S. President Donald Trump's 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption.Reuters
Wed, Jul 16
Repairs continuing on hydrocracker at Marathon Galveston Bay Texas Refinery, sources say
HOUSTON, July 15 (Reuters) - Repairs were continuing on Tuesday on a hydrocracker at Marathon's MPC.N 631,000-barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, said people familiar with plant operations. The 60,000-bpd hydrocracker, called the Ultracracker, was originally set to ...Reuters
Wed, Jul 16
Indigenous groups ask Chile court to pause community review of Codelco-SQM lithium deal
Indigenous review is crucial for Codelco-SQM lithium deal in ChileLocal groups demand new methodology and more informationCourt orders state agency Corfo to respond in 15 daysBy Daina Beth Solomon SANTIAGO, July 15 (Reuters) - Two Indigenous groups in northern Chile have asked a local court to su...Reuters
Tue, Jul 15
Newmont Announces Monetization Of Equity Received Through Successful Divestiture Program
July 15 (Reuters) - Newmont Corporation NEM.N:NEWMONT ANNOUNCES MONETIZATION OF EQUITY RECEIVED THROUGH SUCCESSFUL DIVESTITURE PROGRAMNEWMONT CORPORATION - ON TRACK FOR 2025 GUIDANCE AND CAPITAL PRIORITIESNEWMONT CORPORATION - EXPECTED TO GENERATE $470 MILLION IN NET PROCEEDSNEWMONT CORPORATION - EX...Reuters
Tue, Jul 15
CIF/FOB Gulf Grain-Soy, corn barge bids firm as freight costs climb
CHICAGO, July 15 (Reuters) - Basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals ticked higher on Tuesday, extending a firmer trend attributed to rising freight costs and competition for bushels from domestic processors, traders said."The processor came in about a we...Reuters
Tue, Jul 15
Trump says tariff letters for smaller countries coming soon; rates likely over 10%
WASHINGTON, July 15 (Reuters) - U.S. President Donald Trump on Tuesday said letters notifying smaller countries of their U.S. tariff rates would go out soon, adding that his administration would likely set a tariff of "a little over 10%" for those countries. Trump, speaking to reporters afte...Reuters
Tue, Jul 15
Trump says Vietnam trade deal is 'pretty well set'
WASHINGTON, July 15 (Reuters) - U.S. President Donald Trump said on Tuesday that a trade agreement with Vietnam was nearly complete.Trump told reporters that he could release details of the Vietnam trade agreement, but didn't think it was necessary.The Communist-ruled country struck a preliminar...Reuters
Tue, Jul 15
US Cash Products-Gulf Coast diesel declines on refiner sales
NEW YORK, July 15 (Reuters) - Cash differentials for diesel fell in the U.S. Gulf Coast spot market on Tuesday after multiple refiners sold the product on the first day to trade for Colonial Pipeline's 42nd annual delivery cycle to New York Harbor, traders said.Gulf Coast 62-grade ultra-low sulf...Reuters
Tue, Jul 15
US renewable power transmission project under fire from farmers
800 mile line would transmit Kansas wind power to citiesSenator: U.S. energy secretary told him he will stop projectFarmers say eminent domain will trample on landowner rightsBy Timothy Gardner WASHINGTON, July 15 (Reuters) - U.S. farmers on Tuesday slammed a project that got an up-to $4.9 billio...Reuters
Tue, Jul 15
CANADA-CRUDE-Discount on Western Canada Select widest since March
July 15 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 settled at $10.90 a barrel on Tuesday, its widest differential since March this year. WCS for August delivery in Hardisty, Alberta, widened from $10.40 a barrel on Monday, a...Reuters
Tue, Jul 15
LIVESTOCK-Strong cash prices help boost CME cattle futures
By Tom Polansek CHICAGO, July 15 (Reuters) - Chicago Mercantile Exchange live cattle and feeder futures jumped on Tuesday as recent gains in cash prices underpinned the markets, analysts said.Cash prices climbed about $4 to $8 per hundredweight (cwt) last week, signaling to traders that futures a...Reuters
Tue, Jul 15
