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METALS-Copper prices linger near multi-month highs on supply crunch, US tariff jitters
By Hongmei Li SINGAPORE, July 3 (Reuters) - Copper on the London Metal Exchange and the Shanghai Futures Exchange held near the highest levels since late March, driven by concerns over tight regional supply and increased shipments to the U.S. as traders rush to beat potential import tariffs.Three...Reuters
Thu, Jul 3
China says it is assessing US trade deal with Vietnam
BEIJING, July 3 (Reuters) - China is assessing the trade deal between the United States and Vietnam, and will safeguard its own rights and interests if needed, a spokesperson for China's commerce ministry said on Thursday.China firmly opposes any party reaching a deal at the expense of China'...Reuters
Thu, Jul 3
Silver Price Forecast: XAG/USD surges to near $36.80 ahead of US NFP
Silver price revisits two-week high near $36.80 during European trading hours on Thursday. The white metal trades firmly ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
Fxstreet
Thu, Jul 3
France's Maurel et Prom raises stake in Colombia's Sinu-9 gas field
July 3 (Reuters) - French oil and gas company Maurel et Prom MAUP.PA has agreed to raise its ownership stake in Colombia's Sinu-9 gas field by another 21% for nearly $79 million, it said on Thursday, as it continues to expand its position in the country.The acquisition of additional working inte...Reuters
Thu, Jul 3
COLUMN-US tariff deal with Vietnam set to expand trade but faces hurdles: Maguire
By Gavin Maguire LITTLETON, Colorado, July 3 (Reuters) - The tariff deal between the United States and Vietnam sets the stage for a further climb in trade volumes between the countries and will also impact the energy generation mix that powers the fast-growing Vietnamese economy. U.S. President D...Reuters
Thu, Jul 3
TECHNICALS-CBOT soybeans may retrace toward $10.38-3/4
For more technical analyses, please click SINGAPORE, July 3 (Reuters) - The CBOT soybean November contract SX25 may retrace toward $10.38-3/4 per bushel as it failed to break key resistance at $10.54.The resistance is identified as the 161.8% projection level of a wave c, which is highly likely to e...Reuters
Thu, Jul 3
COLUMN-Gold and its miners may enjoy a 'critical mineral' upgrade: Russell
By Clyde RussellLAUNCESTON, Australia, July 3 (Reuters) - Is gold the next metal to be added to the list of "critical minerals"?Gold is not a vital component of advanced manufacturing like other critical minerals such as rare earths, lithium and copper.But the precious metal appears to be un...Reuters
Thu, Jul 3
Gold price drifts lower on US-Vietnam trade deal, NFP in focus
Gold price (XAU/USD) attracts some sellers during the Asian session on Thursday and, for now, seems to have stalled a three-day-old recovery move from a one-month low touched earlier this week. A trade agreement between the US and Vietnam eased concerns over prolonged trade tensions.Fxstreet
Thu, Jul 3
METALS-Copper prices linger near multi-month highs on supply crunch, US tariff jitters
By Hongmei Li SINGAPORE, July 3 (Reuters) - Copper on the London Metal Exchange and the Shanghai Futures Exchange held near the highest levels since late March, driven by concerns over tight regional supply and increased shipments to the U.S. as traders rush to beat potential import tariffs.Three...Reuters
Thu, Jul 3
WTI tumbles below $66.50 on surprise build in US stockpiles
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.40 during the early Asian trading hours on Thursday. The WTI price declines on a surprise build in US crude supplies. Oil traders await cautiously ahead of an OPEC+ meeting to decide the group's August output policy.Fxstreet
Thu, Jul 3
Oil falls on signs of weak US demand ahead of key jobs report
By Nicole Jao July 3 (Reuters) - Oil prices eased on Thursday, reversing gains from the previous session, on concerns over weak U.S. demand after government data showed a surprise build in inventories in the world's biggest crude consumer.Brent crude futures LCOc1 fell 24 cents, or 0.35%, to ...Reuters
Thu, Jul 3
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 3 (Reuters) - Contract Target Support/Resistance Brent oil $68.52res $69.22/$69.49/$69.66Palm oil (3rd month)4,112/4,133 ringgitsup 4,070/4,041 ringgitWTI* $66.52/$65.75res $67.75/$68.51Spot gold$3,329/$3,319res $3,357/$3,364/$3,376LME c...Reuters
Thu, Jul 3
US Cash Crude-Inland grades firm as Cushing crude stocks fall
July 2 (Reuters) - Inland grades edged higher on Wednesday, dealers said, as crude stocks at the Cushing, Oklahoma, storage hub fell to near operational lows. WTI Midland WTC-WTM and WTI at East Houston WTC-MEH, also known as MEH, rose 5 cents each. Crude stocks at the Cushing, Oklahoma, delivery h...Reuters
Wed, Jul 2
LIVESTOCK-CME cattle futures recover after falling on screwworm announcement
By Renee Hickman CHICAGO, July 2 (Reuters) - Chicago Mercantile Exchange cattle values bounced back on Wednesday after sharp declines following the U.S. Department of Agriculture's announcement earlier this week of a gradual restart of Mexican livestock imports following a prolonged closure o...Reuters
Wed, Jul 2
