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METALS-Shanghai copper extends gains on US government reopening cheer
SHANGHAI, Nov 13 (Reuters) - Shanghai copper rose on Thursday as investors welcomed the likely end of the U.S. government shutdown, easing market uncertainty, though gains were capped by expectations of weak Chinese bank lending ahead of key economic data releases.The most-traded copper contract on ...Reuters
Thu, Nov 13
Oil extends losses on US inventory build, OPEC forecast shift
API shows rise in weekly US crude, sources saidOPEC report says oil supply will match demand in 2026IEA sees oil, natural gas demand growing through 2050 Nov 13 (Reuters) - Oil prices fell for a second day on Thursday as an industry report showing rising crude inventories in the U.S., the world&#...Reuters
Thu, Nov 13
PRECIOUS-Gold inches lower from 3-week high as dollar ticks up, US reopening in focus
Nov 13 (Reuters) - Gold eased from a more than three-week high on Thursday as the dollar strengthened, while investors were awaiting the resumption of U.S. economic data to gauge the Federal Reserve interest rate path.FUNDAMENTALSSpot gold XAU= was down 0.1% at $4,194.63 per ounce by 0203 GMT, after...Reuters
Thu, Nov 13
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Nov 13 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$62.29/$61.90res $62.87/$63.34Palm oil (3rd month)4,080/4,034 ringgitres 4,124/4,152/4,174 ringgitWTI(1st month)$58.03/$57.52res $58.41/$58.96Spot gold$4,211/$4,227/$4...Reuters
Thu, Nov 13
New Fortress Energy seeks to delay quarterly filing amid debt restructuring talks
Nov 12 (Reuters) - New Fortress Energy NFE.O has sought more time to file its third-quarter results, the U.S. liquefied natural gas company said on Wednesday, as it negotiates a debt restructuring amid an upcoming interest payment.The company, which has delayed its quarterly filings throughout this ...Reuters
Wed, Nov 12
LIVESTOCK-CME cattle futures down as beef cutout falls
CHICAGO, Nov 12 (Reuters) - Cattle futures on the Chicago Mercantile Exchange fell on Wednesday as market players focused on weaker boxed beef prices and a steady to softening cash trade, analysts said.CME December live cattle futures LCZ25 settled down 1.925 cents to end at 225.275 cents per pound,...Reuters
Wed, Nov 12
CIF/FOB Gulf Grain-Corn, soybean barge bids firm as spot barge supplies tighten
CHICAGO, Nov 12 (Reuters) - Basis bids for soybeans and corn shipped by barge to the U.S. Gulf Coast firmed on Wednesday, as availability of barges in nearby loading positions tightened in some markets, traders said.CIF Gulf soybean barges loaded in November were bid at 70 cents a bushel over Chicag...Reuters
Wed, Nov 12
US Cash Crude-Grades firm as Brent/WTI spread widens
Nov 12 (Reuters) - U.S. cash grade largely firmed on Wednesday, dealers said, as the discount between Brent and U.S. West Texas Intermediate crude widened to its most this month.WTI Midland strengthened 15 cents, while Mars firmed 5 cents. WTI at East Houston, also known as MEH, strengthened 20 cent...Reuters
Wed, Nov 12
US Plains HRW Wheat-Spot basis bids unchanged in muted trade
CHICAGO, Nov 12 (Reuters) - Basis bids for hard red winter wheat were flat in the U.S. Plains on Wednesday in quiet trade.A Reuters poll of analysts estimated export sales of wheat for the week ended November 6 at 250,000 to 600,000 metric tons. The release of export sales data by the USDA has been ...Reuters
Wed, Nov 12
CANADA-CRUDE-Discount on Western Canada Select narrows
Nov 12 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 narrowed on Wednesday.WCS for December delivery in Hardisty, Alberta, settled at $11.50 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Monday&...Reuters
Wed, Nov 12
Canada's Taseko Mines Q3 revenue rises, driven by improved Gibraltar copper production
OverviewTaseko Q3 rev at C$173.9 mln driven by improved Gibraltar copper productionAdjusted EPS for Q3 misses analyst expectationsCompany reports net loss of ~C$28 mln for Q3OutlookCompany expects 2025 copper production of 100 to 105 mln poundsTaseko anticipates first copper cathode production at Fl...Reuters
Wed, Nov 12
US House report accuses China of minerals market interference
US House committee report accuses China of manipulating mineral pricesReport recommends price controls, US minerals stockpileReport says Hong Kong ownership makes LME susceptible to Chinese influenceLME says its pricing is based on transparent trading activityBy Ernest Scheyder and Pratima Desai ...Reuters
Wed, Nov 12
US buys 900,000 barrels of crude for strategic oil reserve
Nov 12 (Reuters) - The U.S. Energy Department said on Wednesday that it has bought 900,000 barrels of crude oil for nearly $56 million, a small step in replenishing the Strategic Petroleum Reserve.Trafigura Trading will supply 600,000 barrels while Energy Transfer Crude Marketing will supply 300,000...Reuters
Wed, Nov 12
US Energy Dept awards contracts for one million barrels of crude oil for strategic reserve
Nov 12 (Reuters) - The U.S. Energy Department said on Wednesday that it had awarded contracts to buy one million barrels of crude oil for the Strategic Petroleum Reserve.The contracts awarded are for deliveries in December and January to the Bryan Mound site, the Energy Department said in a statemen...Reuters
Wed, Nov 12
Ukraine moves to quell $100 million energy corruption scandal
Zelenskiy seeks ouster of ministers amid $100 million procurement schemeHe calls graft in Russian-hit energy sector 'absolutely unacceptable'Probe by anti-corruption authorities involves former associateBy Dan Peleschuk KYIV, Nov 12 (Reuters) - President Volodymyr Zelenskiy called for th...Reuters
Wed, Nov 12
GRAINS-Soybeans firm ahead of USDA data; weak China demand caps gains
Traders adjust positions ahead of US supply and demand data Data has not been released during government shutdownChina purchases continue to be modestBy Renee Hickman CHICAGO, Nov 12 (Reuters) - Chicago soybeans ticked up slightly on Wednesday as traders adjusted positions ahead of the release of...Reuters
Wed, Nov 12
