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Gold extends record rally above $4,300, eyes best weekly gain since 2008
Oct 17 (Reuters) - Gold extended its record-breaking rally on Friday, climbing above $4,300, poised for their best weekly performance in 17 years, as escalating U.S.-China trade tensions fuelled market uncertainty, with U.S. rate cut hopes adding to the momentum.
Reuters
Fri, Oct 17
Oil set for weekly loss as Trump-Putin summit looms
Oct 17 (Reuters) - Oil prices edged lower in early trade on Friday, heading for a weekly loss, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine.
Reuters
Fri, Oct 17
Indian refiners buy first Guyanese oil from Exxon, sources say
NEW DELHI/SINGAPORE, Oct 17 (Reuters) - Two Indian refiners have bought 4 million barrels of Guyanese crude oil from U.S. major Exxon Mobil XOM.N to be delivered at end-2025 or in early 2026, in their first imports from the South American producer, trade sources said on Friday.Indian Oil Corp IOC.NS...Reuters
Fri, Oct 17
GRAINS-Corn rises on fears US yields might miss estimates
CANBERRA, Oct 17 (Reuters) - Chicago corn futures extended gains into a fourth session on Friday, and were set for their first weekly gains in five weeks, as traders speculated U.S. harvest yields could fall short of estimates and rain forecasts threatened to delay field work.Soybean futures also ro...Reuters
Fri, Oct 17
Family of Trinidadian man believed killed in US strike demands proof of drug trafficking
Family of Chad Joseph believe he was killed in US strike on TuesdayRelatives say Joseph was a fisherman, call his death 'perfect murder'Legal experts, Democrats raise concerns about legality of strikesBy Andrea de Silva LAS CUEVAS, Trinidad and Tobago, Oct 16 (Reuters) - Relatives of a Tr...Reuters
Fri, Oct 17
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Oct 17 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$60.69/$59.76res $61.37/$62.37Palm oil (3rd month)4,576/4,604 ringgitsup 4,530/4,503 ringgitWTI* (1st month)$56.84/$55.96res $57.66/$58.27/$59.15Spot gold$4,381/$4,398...Reuters
Fri, Oct 17
Gold Price Forecast: XAU/USD extends the rally above $4,350 amid safe-haven flows
Gold price (XAU/USD) extends its upside to around $4,365 during the early Asian session on Friday. The precious metal holds positive ground after reaching a record high of $4,380 in the previous session.Fxstreet
Fri, Oct 17
CIF/FOB Gulf Grain-Soy barge bids flat as China remains absent from market
CHICAGO, Oct 16 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals were largely flat on Thursday as China remained absent from the market, traders said.Escalating Washington-Beijing trade tensions continue to shut U.S. supplies out of China, which has turned to South...Reuters
Thu, Oct 16
Trump says his administration is working on lowering beef prices
By Tom Polansek, Trevor Hunnicutt and Costas Pitas WASHINGTON, Oct 16 (Reuters) - U.S. President Donald Trump said on Friday that his administration was working to lower the price of beef in the country."We are working on beef, and I think we have a deal on beef," Trump told reporters at ...Reuters
Thu, Oct 16
Federal regulators approve Venture Global commissioning extension at Plaquemines LNG plant
FERC grants similar extensions to other developersPlaquemines LNG aims for full service by mid-2027Venture Global cites COVID challenges for extension requestBy Curtis WilliamsHOUSTON, Oct 16 (Reuters) - Federal regulators on Thursday approved a request from Venture Global VG.N for more time to keep...Reuters
Thu, Oct 16
US Plains HRW Wheat-Protein premiums firm, Oklahoma dryness expands
CHICAGO, Oct 16 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged at elevators in the southern U.S. Plains on Thursday while premiums improved for a few grades of high-protein wheat as domestic flour millers sought supplies, grain dealers said.Premiums for HRW wheat shipped by ra...Reuters
Thu, Oct 16
Brazil foreign minister calls meeting with US Rubio technical and productive
SAO PAULO, Oct 16 (Reuters) - Brazilian Foreign Minister Mauro Vieira said meeting with U.S. Secretary of State Marco Rubio was "great", and had a productive tone focused on technical issues, Vieira told journalists in Washington on Thursday.Vieira said that both governments will work in the...Reuters
Thu, Oct 16
NextDecade reaches positive FID on Train 5 at Rio Grande LNG project in Texas
Oct 16 (Reuters) - U.S. liquefied natural gas producer NextDecade NEXT.O said on Thursday it had reached a positive final investment decision (FID) on the fifth liquefaction plant, known as a train, of its Rio Grande export project in Texas.Shares of the company rose over 4% in extended trading, as ...Reuters
Thu, Oct 16
New York approves power line for Micron’s $100 billion semiconductor plant
Oct 16 (Reuters) - A new underground transmission line was approved by the New York State Public Service Commission linking an existing Clay substation with Micron Technology's MU.O proposed semiconductor megafab facility in Onondaga County, Governor Kathy Hochul announced on Thursday. The two-m...Reuters
Thu, Oct 16
CANADA-CRUDE-Discount on Western Canada Select widens
Oct 16 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Thursday. WCS for November delivery in Hardisty, Alberta, settled at $10.35 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Wednesda...Reuters
Thu, Oct 16
JPMorgan, Bank Of America, Goldman Sachs, & Citigroup In Talks With US Treasury To Provide Up To $20 Billion In Loans To Argentina - Semafor
Oct 16 (Reuters) - JPMORGAN, BANK OF AMERICA, GOLDMAN SACHS, AND CITIGROUP ARE IN TALKS WITH THE US TREASURY TO PROVIDE UP TO $20 BILLION IN LOANS TO ARGENTINA - SEMAFORSource text: https://tinyurl.com/dxyuv94xReuters
Thu, Oct 16
US Cash Crude-Grades fall as domestic crude stocks rise
Oct 16 (Reuters) - Grades slipped on Thursday, dealers said, as domestic crude stocks rose. U.S. crude stocks rose more than expected last week as refining crude runs dropped sharply to their lowest in more than a year and a half, data from the Energy Information Administration showed on Thursday.Cr...Reuters
Thu, Oct 16
NextDecade greenlights Train 5 at Rio Grande LNG project
Oct 16 (Reuters) - U.S. liquefied natural gas producer NextDecade NEXT.O said on Thursday it had reached a positive final investment decision for the fifth liquefaction plant, known as a train, of its Rio Grande export project in Texas.Reuters
Thu, Oct 16
LIVESTOCK-Live cattle hit contract highs on cash market strength
By Karl PlumeCHICAGO, Oct 16 (Reuters) - Chicago Mercantile Exchange live cattle futures climbed to fresh contract highs on Thursday as a firm cash market and stabilizing beef prices supported the market, analysts said.Feeder cattle were flat to higher, with nearby contracts consolidating after rece...Reuters
Thu, Oct 16
