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TABLE-North Sea gas maintenance schedule: Revises Bacton outage
Feb 2 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAGE...Reuters
Mon, Feb 2
Gold: Sharp drop signals market volatility – Commerzbank
Gold prices experienced a significant decline, dropping 9% last Friday, marking one of the most extreme single-day moves in years. The sell-off was attributed to forced liquidations and momentum unwinding, reflecting rapid de-risking by systematic traders.
Fxstreet
Mon, Feb 2
RPT-WRAPUP 2-Slump in commodities rattles global markets
Commodities slump after Warsh picked to be U.S. Fed chairGold, silver, oil, copper see sharp lossesCME raises margin requirements following sharp Friday selloffU.S.-Iran de-escalation eases oil supply fearsBy Naveen Thukral SINGAPORE, Feb 2 (Reuters) - Commodities markets slumped on Monday, led b...Reuters
Mon, Feb 2
WRAPUP 1-Slump in commodities rattles global markets
Commodities slump after Warsh picked to be U.S. Fed chairGold, silver, oil, copper see sharp lossesCME raises margin requirements following sharp Friday selloffU.S.-Iran de-escalation eases oil supply fearsBy Naveen Thukral SINGAPORE, Feb 2 (Reuters) - Commodities markets slumped on Monday, led b...Reuters
Mon, Feb 2
TECHNICALS-CBOT corn may test support at $4.23-1/2
SINGAPORE, Feb 2 (Reuters) - CBOT March corn CH26 may test support at $4.23-1/2 per bushel, with a good chance of breaking below this level and falling to $4.21.A retracement analysis on the uptrend from $4.17 reveals a break below one of the key supports of $4.25-1/2, the 50% level. The next suppo...Reuters
Mon, Feb 2
RPT-ROI-China's surging exports a sign of global metals turmoil: Andy Home
By Andy Home LONDON, Jan 30 (Reuters) - China's net imports of refined copper last year were the lowest since 2017 at 3.03 million metric tons. While inbound shipments dropped by a relatively modest 5% relative to 2024, the big change was a dramatic jump in exports. The world's largest bu...Reuters
Mon, Feb 2
EXCLUSIVE-Barry Callebaut CEO left after high-level split over cocoa, sources say
Barry Callebaut changed CEO in January New CEO Schumacher seen as right leader for growth phaseBoard opposed proposal to separate cocoa unit-sourceBarry Callebaut is world's top chocolate makerBy Oliver Hirt, May Angel and Amy-Jo Crowley ZURICH/LONDON, Feb 2 (Reuters) - Barry Callebaut BA...Reuters
Mon, Feb 2
TECHNICALS-CBOT soybeans to slide to $10.48-1/4
For more technical analyses, please click SINGAPORE, Feb 2 (Reuters) - The CBOT soybean March contract SH26 is expected to slide to $10.48-1/4 per bushel, as it has cleared a support of $10.56-3/4.A wave c from $10.70-3/4 is driving the fall. It has travelled below its 61.8% projection level of $10....Reuters
Mon, Feb 2
WTI falls below $62.00 amid US-Iran deal hopes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.80 during the early European trading hours on Monday. The WTI price falls by 5.65% on easing US-Iran tensions. Traders will closely monitor the developments surrounding US-Iran negotiations.
Fxstreet
Mon, Feb 2
PRECIOUS-Gold, silver selloff deepens after CME hikes margins
Gold dropped over 9% on Friday, the most since 1983Silver posted its worst day on record on FridayGold down more than $900 from record highs on ThursdayBy Ishaan Arora Feb 2 (Reuters) - Gold and silver extended falls on Monday after CME Group raised margin requirements following a sharp selloff i...Reuters
Mon, Feb 2
JP Morgan sees gold at $6,300 an ounce by year-end on robust central‑bank, investor demand
Feb 2 (Reuters) - JP Morgan said late on Sunday it expects demand from central banks and investors to drive gold prices to $6,300 per ounce by year-end. Gold extended its fall on Monday to $4,677.17 per ounce, as of 0450 GMT, after falling more than 5% earlier in the session to hit its lowest in mor...Reuters
Mon, Feb 2
Copper extends decline from record high as investors shift to risk-off positioning
Feb 2 (Reuters) - Copper continued to pull back on Monday for a second straight session as investors moved into risk-off mode after Kevin Warsh's nomination as the next Fed chair, while demand was also subdued in the run up to China's Lunar New Year break.The most-active copper contract on t...Reuters
Mon, Feb 2
Russia's Medvedev says US 'theft' of Maduro shatters international relations
MOSCOW, Feb 2 (Reuters) - Dmitry Medvedev, deputy chairman of Russia's Security Council, said the U.S. "theft" of toppled Venezuelan President Nicolas Maduro shattered international relations and could be considered by Caracas as an act of war. "What happened to President Nicolas Mad...Reuters
Mon, Feb 2
PRECIOUS-Gold near two-week low ahead of increases in CME precious metals margins
All precious metals down more than 3%CME set to raise margin requirements on precious metal futuresSilver hit a more than three-week low in the previous sessionBy Ishaan Arora Feb 2 (Reuters) - Gold extended its fall on Monday with increases in CME precious metals margin requirements set to take ...Reuters
Mon, Feb 2
TECHNICALS-US oil may extend loss into $60.74-$61.85 range
For more technical analyses, click SINGAPORE, Feb 2 (Reuters) - U.S. oil CLc1 may extend its loss into $60.74 to $61.85 per barrel, as suggested by a retracement analysis and the channel technique.The contract has broken a support at $62.74, the 50% retracement of the uptrend from $58.96 to $66.52. ...Reuters
Mon, Feb 2
RPT-US pitches Venezuelan crude to India as its Russian oil imports slow, sources say
Trump administration controls Venezuela oil industry after capturing country's leaderUS wants India to cut Russian oil purchases due to Ukraine warIndia on track to reduce Russian imports in coming months, sources sayBy Nidhi Verma and Jarrett Renshaw NEW DELHI, Jan 30 (Reuters) - The United ...Reuters
Mon, Feb 2
RPT-Disgruntled with Western pork, China wants to go back to black pigs
Chinese middle class wants black pigs from their childhoodPig producers seize opportunity as pork prices fall The premium meat market lacks a standardBy Daphne Zhang, Go Nakamura and Xihao JiangTAIZHOU, China Feb 2 (Reuters) - Gao Xianghua is a happy mom this year because she knows her teenage kids ...Reuters
Mon, Feb 2
