News
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TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Nov 25 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$63.80/$64.38sup $62.87/$62.30Palm oil (3rd month)4,102/4,145 ringgitsup 4,034/3,991 ringgitWTI(1st month)$59.23/$59.89sup $58.71/$58.18Spot gold$4,170/$4,243sup $4,101/$4...Reuters
Tue, Nov 25
Gold Price Forecast: XAU/USD rises to near $4,150 as Fed rate cut bets grow
Gold price (XAU/USD) attracts some buyers to around $4,140 during the early Asian session on Tuesday. The precious metal rises on growing expectations of a US Federal Reserve (Fed) interest rate cut in the December policy meeting.
Fxstreet
Tue, Nov 25
LIVESTOCK-Cattle futures drop sharply on expectations of US beef imports, heftier animals
By P.J. Huffstutter CHICAGO, Nov 24 (Reuters) - Chicago Mercantile Exchange's live cattle and feeder cattle futures dropped by the daily trading limit on Monday, as investors and funds scrambled to respond to a flood of bullish news, ranging from signs that U.S. cattlemen are raising heavier ...Reuters
Mon, Nov 24
BP's Olympic Pipeline shutdown hits airlines' fuel supply
BP excavates over 200 feet of pipeline to locate leak sourceMajor airlines add refueling stops to flights amid pipeline shutdownDelta Air Lines and Alaska Airlines use tanker trucks to supplement fuelBy Nicole JaoNEW YORK, Nov 24 (Reuters) - BP's BP.L Olympic Pipeline system remained offline on ...Reuters
Mon, Nov 24
US Cash Products-Gulf Coast gasoline, diesel slide on start of new trading cycle
NEW YORK, Nov 24 (Reuters) - Cash differentials for gasoline and diesel fell in the U.S. Gulf Coast on Monday after sellers of the products attracted little buyer demand on the first day of trading for deliveries on Colonial Pipeline's 68th annual pumping cycle to New York Harbor, traders said.U...Reuters
Mon, Nov 24
CIF/FOB Gulf Grain-Soybean, corn barge bids flat-lower on light demand
CHICAGO, Nov 24 (Reuters) - Basis bids for soybeans and corn shipped by barge to the U.S. Gulf Coast were flat to lower on Monday as traders awaited fresh signs of purchasing interest from China following a flurry of deals last week for soybeans, traders said.Exporters continued to actively load cor...Reuters
Mon, Nov 24
BP's Olympic Pipeline shutdown hits airlines' fuel supply
BP excavates over 200 feet of pipeline to locate leak sourceMajor airlines add refueling stops to flights amid pipeline shutdownDelta Air Lines and Alaska Airlines use tanker trucks to supplement fuelBy Nicole JaoNEW YORK, Nov 24 (Reuters) - BP's BP.L Olympic Pipeline system remained offline on ...Reuters
Mon, Nov 24
US issues license allowing some transactions with Hungarian nuclear power plant project
Nov 21 (Reuters) - The United States on Friday issued a Russia-related general license allowing certain transactions with the Paks II civil nuclear power plant project in Hungary, according to the Treasury Department website.The license allows exceptions to U.S. sanctions on the project being built...Reuters
Mon, Nov 24
US Cash Crude-Grades fall on second full day of volatile roll trade period
HOUSTON, Nov 24 (Reuters) - Physically traded U.S. crude broadly fell on Monday with Mars Sour bucking the wider downward trend, dealers said, on the second full day of the volatile roll trading period.Traders use the three-day roll period to adjust their crude slates, square up positions and net ou...Reuters
Mon, Nov 24
Alaska Air Group Says Co Continues To Minimize Impacts Of Olympic Pipeline Fuel Leak
Nov 24 (Reuters) - Alaska Air Group Inc ALK.N:ALASKA AIR GROUP INC: CONTINUE TO MINIMIZE THE IMPACTS OF THE OLYMPIC PIPELINE FUEL LEAKALASKA AIR GROUP: DO NOT EXPECT DISRUPTION TO OPERATIONS AT SEATTLE-TACOMA INTERNATIONAL AIRPORT THROUGH THANKSGIVING TRAVEL WEEK - WEBSITEReuters
Mon, Nov 24
TIMELINE-Barrick resolves dispute with Mali government over Loulo-Gounkoto mining complex
Nov 24 (Reuters) - Canadian miner Barrick Mining ABX.TO has reached an agreement with Mali's government to resolve all their disputes over the Loulo-Gounkoto gold mining complex since 2023.The dispute was over the implementation of a new Mali mining code that raises taxes and gives the governmen...Reuters
Mon, Nov 24
White House says no Trump-Zelenskiy meeting planned for this week
WASHINGTON, Nov 24 (Reuters) - White House Press Secretary Karoline Leavitt said on Monday that there is no meeting scheduled between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy this week.Sources told Reuters that Zelenskiy could travel to the United States as soon as thi...Reuters
Mon, Nov 24
CORRECTED-Commodities trader BB Energy lays off some Houston traders in major reorganization
BB Energy shifts administrative functions to Europe for efficiency, sources saySeveral traders, including George and Laurin, leave BB EnergyPlath, Donahue and Rios Requena also depart amid restructuring, sources sayBy Shariq Khan and Georgina McCartneyNEW YORK, Nov 24 (Reuters) - Commodities trader ...Reuters
Mon, Nov 24
US and Ukraine have a 'couple of points of disagreement' on deal, White House says
WASHINGTON, Nov 24 (Reuters) - The United States and Ukraine have had productive talks on a potential deal to end Russia's war in the country, White House Press Secretary said on Monday, adding that there remained just "a couple of points of disagreement."Leavitt told Fox News' "...Reuters
Mon, Nov 24
GRAINS-Soybeans turn lower on Chinese demand uncertainty; corn mixed, wheat falls
Soybean futures retreat amid uncertainty over Chinese demandWheat futures pressured by global supplies, cheaper Russian wheat pricesCorn futures mixed amid technical tradingBy P.J. Huffstutter HAMBURG, Nov 24 (Reuters) - Chicago Board of Trade soybean futures retreated on Monday from last week...Reuters
Mon, Nov 24
Oil prices settle up 1% on bets Fed will cut US rates and doubts about Ukraine peace
Oil prices rise amid US rate cut speculation and Ukraine peace deal uncertaintyFed Governor Waller suggests rate cut amid weak U.S. job marketUS sanctions on Russian oil firms affect market, peace talks dominate focusBy Scott DiSavino NEW YORK, Nov 24 (Reuters) - Oil prices climbed about 1% o...Reuters
Mon, Nov 24
BP's Olympic Pipeline remains offline, restart timeline unclear
NEW YORK, Nov 24 (Reuters) - BP's BP.L said on Monday its Olympic Pipeline system remained offline as investigation to determine the source of the leak continued.The timeline for restarting the pipeline is not available and the total amount of leaked product is still being assessed, the company ...Reuters
Mon, Nov 24
CBOT wheat futures decline on global supplies, Russian prices falling
CHICAGO, Nov 24 (Reuters) - Chicago Board of Trade wheat futures ended lower on Monday on hefty supplies and falling Russian wheat prices, market analysts said.CBOT March soft red winter wheat WH26 settled down 5 cents to close at $5.34-3/4 per bushel. Earlier in the session, the contract dipped to ...Reuters
Mon, Nov 24
CBOT corn futures dip on global supplies, farmer selling
CHICAGO, Nov 24 (Reuters) - Chicago Board of Trade corn futures ended lower on Monday, as prices remained under pressure from global supplies, weakness in the wheat and soybean markets, and the recent pace of U.S. farmer selling, traders said.CBOT March corn CH26 settled down 3/4-cent at $4.36-3/4 p...Reuters
Mon, Nov 24
Three vessels bound for US Gulf Coast terminals to load soybeans, sorghum for China
By Karl Plume CHICAGO, Nov 24 (Reuters) - Two cargo vessels were headed for grain port terminals near New Orleans on Monday to load with the first U.S. soybean shipments to China since May, according to a shipping schedule seen by Reuters.A third vessel was en route to a Texas Gulf Coast grain te...Reuters
Mon, Nov 24
