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Fragile balance on the Oil market put to the test – Commerzbank
With the start of the ceasefire, Oil prices have stabilised at the level they were at before the escalation of the Middle East conflict. The weekly US inventory report had prevented a further price slide because the US Oil market - at least for the time being - is still rather tight.Fxstreet
Fri, Jun 27
WTI Oil consolidates around $65.00 as the Middle East ceasefire holds
Oil prices are trading within a narrow range around $65.00 on Friday, consolidating losses, on track to their largest weekly sell-off in years, following a nearly $12 depreciation after Trump announced a truce in the Israel-Iran war.A fragile ceasefire is holding so far, and investors have shifted t
Fxstreet
Fri, Jun 27
PRECIOUS-Safe-haven gold near a one-month low as global tensions ebb
Spot gold down over 2% for the week US PCE data due at 1230 GMTFed's Barkin says tariffs will start pushing up inflationPlatinum falls nearly 6% after hitting highest level since 2014 By Ashitha Shivaprasad June 27 (Reuters) - Gold fell more than 1% to its lowest level in nearly a month on Fr...Reuters
Fri, Jun 27
Platinum's Epic Breakout: Who's Fueling the Forgotten Metal to 10-Year High?
TradingKey - As of 5 PM Beijing time on June 27, spot platinum prices reached a daily high of $1,435.60 per ounce, once again surpassing the historical highs seen in the past ten years. The price has surged over 52% year-to-date, outperforming other major precious metals such as gold (up over 27%),TradingKey
Fri, Jun 27
EXCLUSIVE-Trump plans executive orders to power AI growth in race with China
Executive orders could target grid connection delays, offer federal land for data centers - sourcesWhite House to unveil AI Action Plan on July 23Measures aimed at addressing massive power demand growth for data centersBy Valerie Volcovici and Jarrett Renshaw WASHINGTON, June 27 (Reuters) - The T...Reuters
Fri, Jun 27
Focus shifts from the Middle East to tariffs – ING
Oil prices are steady following the de-escalation in the Middle East. The ceasefire between Israel and Iran continues to hold. Meanwhile, nuclear talks between the US and Iran are set to resume next week, according to comments from President Trump.Fxstreet
Fri, Jun 27
Ivory Coast aims for 50% local cocoa processing within 2 years
By Ange AboaABIDJAN, June 27 (Reuters) - Ivory Coast plans to increase domestic cocoa processing to 50% of its national output within two years, up from 42% currently, the head of the national regulator said while inaugurating its second 50,000-metric ton grinding plant.Cocoa processing is seen as e...Reuters
Fri, Jun 27
Kazakhstan's TCO ships first oil to Germany via Druzhba pipeline, sources say
MOSCOW, June 27 (Reuters) - Kazakhstan's Tengizchevroil (TCO) exported its first oil to Germany last month via Russia's Druzhba pipeline, supplying 100,000 metric tons, two industry sources told Reuters, as the venture ramps up production.TCO is owned by Chevron CVX.N with a 50% stake, Exxon...Reuters
Fri, Jun 27
United States Antimony Corp states Chinese Customs Agrees To Release Antimony Ore Shipment To Australia
June 27 (Reuters) - United States Antimony Corp UAMY.A:UNITED STATES ANTIMONY CORP - CHINESE CUSTOMS AGREES TO RELEASE ANTIMONY ORE SHIPMENT TO AUSTRALIA - SEC FILINGUNITED STATES ANTIMONY: CHINESE CUSTOMS WOULD NOT RELEASE SHIPMENT TO THEIR INTENDED FINAL DESTINATION TO PORT OF MANZANILLOSource tex...Reuters
Fri, Jun 27
Silver Price Forecast: XAG/USD nosedives below $36 on improvement in Sino-US trade relations
Silver price slides over 2% to near $35.85 during European trading hours on Friday. The white metal faces a sharp selling pressure due to improvement in trade relations between the United States (US) and China and no signs of Israel-Iran truce violation.
Fxstreet
Fri, Jun 27
COLUMN-MidEast war highlights key cross-asset trends to watch: Pelosky
By Jay Pelosky NEW YORK, June 27 (Reuters) - The war between Israel and Iran offered a real-time look at some new global cross-asset dynamics that can help investors understand the state of play in the first half of 2025 and what they can expect in the next six months.Amid all the noise of the 12...Reuters
Fri, Jun 27
US postpones sanctions against Serbia's NIS oil firm for fourth time, energy minister says
NIS is majority-owned by Gazprom Neft and GazpromSanctions could affect Serbia's oil supplySanctions postponed after diplomatic efforts, minister saysNIS imports 80% of its oil via Croatia's Janaf pipelineBELGRADE, June 27 (Reuters) - The United States has postponed sanctions against the Rus...Reuters
Fri, Jun 27
ANALYSIS-Brazil corn ethanol boom covers demand as country hikes biofuel mandate
Brazil requires 30% ethanol in gasoline from Aug 1, up from 27%New rule boosts ethanol demand by over 1 billion liters/yearStrong demand for sugar saps supply of ethanol from cane sectorBy Oliver Griffin SAO PAULO, June 27 (Reuters) - Growth of Brazil's corn ethanol sector has become key to m...Reuters
Fri, Jun 27
EUROPE GAS-Prices fall further on mild weather, solid supply
LONDON, June 27 (Reuters) - Dutch and British wholesale gas prices continued to decline on Friday morning as mild weather and stable supply weighed on the market and risk premiums associated with the conflict in the Middle East ebbed away.The benchmark Dutch front-month contract at the TTF hub TRNL...Reuters
Fri, Jun 27
METALS-Copper prices poised for weekly gain on weaker dollar, tariff concerns
By Hongmei Li SINGAPORE, June 27 (Reuters) - London and Shanghai copper prices were poised to log weekly gains on Friday, underpinned by a weaker U.S. dollar and persistent concerns over possible U.S. tariffs on copper imports.The London Metal Exchange (LME) three-month copper CMCU3 ticked down 0...Reuters
Fri, Jun 27
Japan private-sector rice imports soar in May
TOKYO, June 27 (Reuters) - Japan's private-sector rice imports rocketed higher in May as the country grapples with supply shortages that have become a major headache for both consumers and policymakers.Some 10,600 metric tons of so-called staple rice - which is consumed at meals as opposed to ri...Reuters
Fri, Jun 27
UK's Centrica set to take 15% stake in Sizewell C nuclear project, FT reports
June 27 (Reuters) - British Gas owner Centrica CNA.L is set to take a 15% stake in the planned Sizewell C nuclear plant in southeast England, the Financial Times newspaper reported on Friday, citing people familiar with the discussions.If confirmed, the move will please the UK government, which is k...Reuters
Fri, Jun 27
