News
Important Only
Gold holds firm but lacks follow-through ahead of key US economic releases
Gold (XAU/USD) struggles for direction on Tuesday, with overall trading activity subdued in the absence of fresh market-moving catalysts. At the time of writing, XAU/USD trades around $5,050, holding firm after briefly slipping below the $5,000 psychological level during the early Asian session.
Fxstreet
Tue, Feb 10
CPC Blend oil discounts deepen as traders wary of supply risks, sources say
MOSCOW/LONDON, Feb 10 (Reuters) - CPC Blend crude for February loading is trading at its biggest discount to dated Brent since late 2022 as buyers hold back after months of export disruptions, including field outages, bad weather, and Ukrainian drone attacks, four traders said.Supplies via the Caspi...Reuters
Tue, Feb 10
Duke Energy forecasts higher 2026 profit on strong power demand
Feb 10 (Reuters) - Utility firm Duke Energy DUK.N forecast a higher current-year profit on Tuesday on the back of strong power demand.The rapid buildout of AI data centers and accelerating power consumption across homes and businesses were set to drive U.S. demand to record highs in 2026, the U.S. E...Reuters
Tue, Feb 10
Argus Media launches Venezuelan crude price assessments
LONDON, Feb 10 ((Reuters)) - Commodity price reporting agency Argus Media has launched price assessments for Venezuelan crude grades delivered to the U.S. Gulf Coast, the company said at its oil market forum in London on Tuesday.The launch of pricing assessments comes just over a month after the U.S...Reuters
Tue, Feb 10
Canadian cannabis firm Organigram's Q1 net revenue jumps 49%
OverviewCanada cannabis firm's fiscal Q1 net revenue rose 49% yr/yr but missed analyst expectationsAdjusted EBITDA for fiscal Q1 increased significantly, driven by higher recreational and international revenueCompany achieved genetic screening breakthrough for powdery mildew resistance, improvin...Reuters
Tue, Feb 10
ANALYSIS-USDA's reputation suffers after massive revisions in US corn acres
USDA launches review after unprecedented acreage estimate increasesStaffing cuts hindered data processing, former official saysFarmers' reluctance to participate in surveys complicates estimatesBy Tom Polansek CHICAGO, Feb 10 (Reuters) - The U.S. Department of Agriculture, long the world'...Reuters
Tue, Feb 10
DuPont forecasts strong 2026 profit on healthcare gains, restructuring
Feb 10 (Reuters) - Industrial materials maker DuPont DD.N forecast full-year adjusted profit above analysts' expectations after it beat fourth-quarter earnings estimates on Tuesday, helped by higher sales in its healthcare segment and by business restructuring. The company has undergone a s...Reuters
Tue, Feb 10
US energy producer Presidio plans first-of-kind $1 billion Goldman debt facility to fund deals
Presidio's Goldman facility is a first in oil and gas industryAcquisition finance provided by Goldman, with debt held by bank for use in future ABSStructure offers lower debt costs, as well as speed and more certainty in deal talksBy David French NEW YORK, Feb 10 (Reuters) - Presidio Investme...Reuters
Tue, Feb 10
RPT-ROI-Roaring global growth train emerging from 2026 fog: Mike Dolan
By Mike Dolan LONDON, Feb 10 (Reuters) - The chaotic newsflow, geopolitical shape-shifting and wild market swings of 2026 have clouded one basic signal: the global economy is racing forward.Market takes this year have covered everything from the dollar and Federal Reserve independence to precious...Reuters
Tue, Feb 10
PRECIOUS-Gold ticks lower on increased risk appetite; investors await U.S. economic data
Nonfarm payrolls data due WednesdayGlobal stocks gain in Asian tradeDollar edges up after falling 0.8% on MondayUS job gains could be lower in coming months, says HassettBy Noel John Feb 10 (Reuters) - Gold prices eased on Tuesday, as improved risk appetite lifted global equities, while investors...Reuters
Tue, Feb 10
BofA Sees Brent Crude Prices Averaging $60-80/Bbl Into 2031
Feb 10 (Reuters) - BANK OF AMERICA:SEES BRENT CRUDE PRICES AVERAGING $60-80/BBL INTO 2031 SAYS BRENT PRICES HAVE BEEN ON A STEADY DECLINE AFTER HITTING $128/BBL IN 2022 AND MAY SEE MORE DOWNWARD PRESSURE THIS YEAR AND NEXT AS SUPPLY KEEPS EXCEEDING DEMAND SAYS SURPLUS THIS YEAR AND NEXT COULD PUSH B...Reuters
Tue, Feb 10
PRECIOUS-Gold ticks lower on increased risk appetite; investors await U.S. economic data
Nonfarm payrolls data due WednesdayGlobal stocks gain in Asian tradeDollar edges up after falling 0.8% on MondayUS job gains could be lower in coming months, says HassettBy Noel John Feb 10 (Reuters) - Gold prices eased on Tuesday, as improved risk appetite lifted global equities, while investors...Reuters
Tue, Feb 10
Fire hits Valero refinery in Oklahoma, five taken to hospital, KXII reports
Feb 10 (Reuters) - A fire hit Valero's VLO.N 86,000 barrels-per-day Ardmore refinery in Oklahoma on Monday and five people have been taken to hospital, KXII and other media reported.The fire has been extinguished, the report added, citing a statement from the company. Valero was not immediately ...Reuters
Tue, Feb 10
Adani flagship says US agency probing certain transactions that may have involved Iran
Feb 10 (Reuters) - Adani Enterprises ADEL.NS said on Tuesday that a U.S. agency is conducting a civil investigation into the company's transactions that may have involved Iran or parties subject to U.S. sanctions.The flagship firm of billionaire Gautam Adani-led group said it received a request ...Reuters
Tue, Feb 10
PRECIOUS-Gold falls on investor caution ahead of key US economic data
Nonfarm payrolls data due WednesdayPrecious metals slip after gaining in the last two sessionsSilver rose nearly 7% on MondayBy Ishaan Arora Feb 10 (Reuters) - Gold fell on Tuesday, though held above the $5,000-per-ounce level, as investors stayed cautious ahead of key U.S. jobs and inflation dat...Reuters
Tue, Feb 10
China willing to help Cuba amid jet fuel shortage, foreign ministry says
BEIJING, Feb 10 (Reuters) - China's foreign ministry on Tuesday said there had been no reports of its citizens being stranded in Cuba due to airlines suspending flights to the country because of a jet fuel shortage, following the U.S. blocking of shipments from Venezuela."China firmly suppor...Reuters
Tue, Feb 10
