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METALS-Copper gains a foothold after hard correction
Feb 3 (Reuters) - Copper gained a foothold on Tuesday plunging in consecutive sessions, as investors saw supply concerns and demand prospects remain supportive for the red metal. The most-active copper contract on the Shanghai Futures Exchange SCFcv1 dipped 0.50% to 101,340 yuan ($14,603.99) a metri...Reuters
Tue, Feb 3
China's Chambroad buys Canadian crude for May delivery, traders say
SINGAPORE/HOUSTON, Feb 3 (Reuters) - Chinese independent refiner Chambroad Petrochemical has bought one Canadian crude cargo for May delivery, four trade sources said on Tuesday, following a decline in Venezuelan crude supply into China.The refiner was one of the main buyers of Venezuelan oil, while...Reuters
Tue, Feb 3
PRECIOUS-Gold and silver rebound after sharp selloff, up over 2% from one-month lows
Spot gold, silver rise more than 2% eachGold, silver fell to one-month lows on MondayNo employment report on Friday due to partial US government shutdownBy Ishaan Arora Feb 3 (Reuters) - Gold and silver rebounded more than 2% on Tuesday after a sharp selloff that was triggered by the nomination o...Reuters
Tue, Feb 3
Taiwan must look to democracies, not China, for trade cooperation, president says
Taiwan, US held high-level economic talks last weekLai speaking as opposition delegation visits BeijingChina claims Taiwan as its own territory over Taiwan's objectionBy Yimou Lee and Ben Blanchard TAIPEI, Feb 3 (Reuters) - Taiwan must look to fellow democracies, not China, for trade and econ...Reuters
Tue, Feb 3
PRESS DIGEST-British Business - February 3
Feb 3 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The TimesA group of Britain's largest public sector pension funds has called on BP BP.L to justify how a sharp ...Reuters
Tue, Feb 3
TECHNICALS-US oil may extend loss to $60.74
For more technical analyses, click SINGAPORE, Feb 3 (Reuters) - U.S. oil CLc1 may extend its loss to $60.74 per barrel, as suggested by a retracement analysis and the channel technique.The contract has broken a key support at $61.85, the 61.8% retracement of the uptrend from $58.96 to $66.52. The br...Reuters
Tue, Feb 3
WTI seems vulnerable near $61.75, one-week low amid US-Iran de-escalation
West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on the previous day's modest bounce from the $61.20 area, or a one-week trough, and attract some sellers for the second straight day on Tuesday.
Fxstreet
Tue, Feb 3
Oil steady as markets consider possible U.S.–Iran de-escalation, firm dollar
Feb 3(Reuters) - Oil prices held steady on Tuesday as market participants weighed the possibility of a de-escalation in U.S.-Iran tensions, with a firmer dollar limiting the upside.Brent crude futures LCOc1 were up 6 cents, or 0.1%, at $66.36 per barrel at 0102 GMT. U.S. West Texas Intermediate crud...Reuters
Tue, Feb 3
PRECIOUS-Gold rebounds more than 3% after sharp selloff
Feb 3 (Reuters) - Gold rose more than 3% on Tuesday, rebounding from a near one-month low hit in the previous session, as market participants braced for an absence of key economic data this week due to a partial U.S. government shutdown. FUNDAMENTALSSpot gold XAU= climbed 3.7% to $4,837.16 pe...Reuters
Tue, Feb 3
Activist shareholder ACCR, pension funds urge BP to show shift to oil and gas will deliver value
By Shadia Nasralla LONDON, Feb 3 (Reuters) - UK and European pension funds and activist shareholder ACCR are pushing BP BP.L to publish more information to prove its strategy of shifting spending from low-carbon to oil and gas projects will boost shareholder value.A year ago, BP under then CEO Mu...Reuters
Tue, Feb 3
US Plains HRW Wheat-Basis bids flat as forecast warms in the Plains
CHICAGO, Feb 2 (Reuters) - Basis bids for hard red winter wheat were steady in the U.S. Plains on Monday after a week of severe winter weather, but snow cover kept the crop largely free from winterkill, according to forecasters. Warmer weather was forecast for the coming week, according to Vaisala.T...Reuters
Mon, Feb 2
CIF/FOB Gulf Grain-Soybean basis firms as icy river conditions slow barge movement
CHICAGO, Feb 2 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast export terminals were mostly higher on Monday as icy conditions on Midwest rivers impeded navigation while cold weather slowed handling and loading of barges, traders said.At least one major barge operator has hal...Reuters
Mon, Feb 2
CORRECTED-Trump announces creation of critical mineral reserve
Feb 2 (Reuters) - U.S. President Donald Trump on Monday announced the creation of a critical mineral reserve."Today, we're launching what will be known as Project Vault to ensure that American businesses and workers are never harmed by any shortage," Trump said at the White House. The in...Reuters
Mon, Feb 2
EU proposals set to limit EV sales from 2035, says campaign group
By Philip Blenkinsop BRUSSELS, Feb 3 (Reuters) - Electric vehicles are likely to make up 85% of new car sales in the EU from 2035, based on its plans to drop an effective ban on new combustion-engine models, although that share could drop as low as 50%, clean transport advocacy group T&E said...Reuters
Mon, Feb 2
US Cash Products-Gulf Coast gasoline rises ahead of pipeline cycle change
NEW YORK, Feb 2 (Reuters) - Cash differentials for gasoline rose in the U.S. Gulf Coast on Monday, the last day to trade for delivery of the fuel on Colonial Pipeline's ninth annual pumping cycle to New York Harbor, traders said.U.S. Gulf Coast M4 conventional gasoline RU-DIFF-USG gained a quart...Reuters
Mon, Feb 2
Trump launches $12 billion minerals stockpile to counter China
Project Vault stockpile aims to stabilize prices, support US auto industryUS wants to offset what it sees as Chinese price manipulation for vital minerals$12 billion initiative includes $10 billion EXIM Bank loan, $2 billion private fundingBy Ernest Scheyder and Jarrett Renshaw Feb 2 (Reuters) - ...Reuters
Mon, Feb 2
Trump says Mexico will stop sending oil to energy-starved Cuba
Feb 2 (Reuters) - U.S. President Donald Trump said on Monday that Mexico would stop sending oil to Cuba as he ramped up a pressure campaign on the Caribbean nation."Mexico is gonna cease sending them oil," Trump told reporters in the White House Oval Office. He did not elaborate on why he be...Reuters
Mon, Feb 2
CANADA-CRUDE-Discount on Western Canada Select widens
Feb 2 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened on Monday.WCS for March delivery in Hardisty, Alberta, settled at $14.60 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $14...Reuters
Mon, Feb 2
USDA to release flies near US-Mexico border to fight screwworm pest
US to shift dispersal of sterile flies that fight pest in MexicoScrewworm has advanced north toward US-Mexico borderSterile flies will be dyed to glow under UV lightBy Tom Polansek CHICAGO, Feb 2 (Reuters) - The U.S. Department of Agriculture will disperse glow-in-the dark, sterile flies in Mexic...Reuters
Mon, Feb 2
