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Oil set to rise for third week on escalating Israel-Iran conflict
SINGAPORE, June 20 (Reuters) - Oil prices were on track to rise for the third straight week despite slipping on Friday, with investors on edge as the week-old war between Israel and Iran showed no signs of either side backing down.Brent crude futures LCOc1 fell $1.57 cents, or 2%, to $77.28 a barrel...Reuters
Fri, Jun 20
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 20 (Reuters) - Contract Target Support/Resistance Brent oil $75.83res $77.81/$78.45/$79.04Palm oil (3rd month)4,157/4,185/4,229 ringgitsup 4,113/4,072 ringgitWTI* $74.47/$73.52res $76.39/$77.01/$77.58Spot gold$3,348/$3,324res $3,372/$3,4...Reuters
Fri, Jun 20
Oil prices up nearly 3% as Israel-Iran conflict escalates, US response remains uncertain
CALGARY, June 19 (Reuters) - Oil prices jumped almost 3% on Thursday as a week-old air war between Israel and Iran escalated and uncertainty about potential U.S. involvement kept investors on edge.Brent crude futures LCOc1 settled up $2.15, or 2.8%, to $78.85 a barrel, its highest close since...
Reuters
Fri, Jun 20
WTI trims gains below $73.50 as Trump says Iran decision to come within two week
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.25 during the Asian trading hours on Friday. The WTI price edges lower as US President Donald Trump announced that he will decide on US involvement in the Israel–Iran conflict within two weeks.Fxstreet
Fri, Jun 20
US judge blocks Trump plan to tie states' transportation funds to immigration enforcement
By Nate Raymond June 19 (Reuters) - A federal judge on Thursday blocked President Donald Trump's administration from forcing 20 Democratic-led states to cooperate with immigration enforcement in order to receive billions of dollars in transportation grant funding.Chief U.S. District Judge Jo...Reuters
Thu, Jun 19
US judge blocks Trump plan to tie states' transportation funds to immigration enforcement
By Nate Raymond June 19 (Reuters) - A federal judge on Thursday blocked President Donald Trump's administration from forcing 20 Democratic-led states to cooperate with immigration enforcement in order to receive billions of dollars in transportation grant funding.Chief U.S. District Judge Jo...Reuters
Thu, Jun 19
Erick weakens to tropical storm over Mexico, leaves trail of damage
Erick moves inland over Mexico's Pacific coastOaxaca residents clean piled-up boats, debris on beachesStorm expected to bring life-threatening floods, mudslidesBy Aida Pelaez-Fernandez and Jose CortesMEXICO CITY/PUERTO ESCONDIDO, June 19 (Reuters) - Erick weakened to a tropical storm after makin...Reuters
Thu, Jun 19
US judge blocks Trump plan to tie states' transportation funds to immigration enforcement
By Nate Raymond June 19 (Reuters) - A federal judge on Thursday blocked President Donald Trump's administration from forcing 20 Democratic-led states to cooperate with immigration enforcement in order to receive billions of dollars in transportation grant funding.Chief U.S. District Judge Jo...Reuters
Thu, Jun 19
Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade
MEXICO CITY, June 19 (Reuters) - Mexican authorities this week discovered a clandestine mini-refinery in the eastern state of Veracruz, along with half a million barrels of crude oil they suspect were stolen from the country's pipelines. The government has sought to clamp down on theft of crude...Reuters
Thu, Jun 19
US judge blocks Trump plan to tie states' transportation funds to immigration enforcement
June 19 (Reuters) - A federal judge on Thursday blocked President Donald Trump's administration from forcing 20 Democratic-led states to cooperate with immigration enforcement in order to receive billions of dollars in transportation grant funding, according to a court filing.Reuters
Thu, Jun 19
First Quantum Takes Small Steps In Long Road To Panama Mine Restart - Bloomberg News
June 19 (Reuters) - FIRST QUANTUM TAKES SMALL STEPS IN LONG ROAD TO PANAMA MINE RESTART - BLOOMBERG NEWSFIRST QUANTUM HAS BEGUN PREPARATIONS TO SHIP OUT 120,000 METRIC TONS OF SEMI-PROCESSED COPPER STRANDED SINCE MINE SHUT IN LATE 2023 - BLOOMBERG NEWSSource text: https://tinyurl.com/y4jz7x8fReuters
Thu, Jun 19
IAEA chief identifies Isfahan as Iran's planned uranium enrichment site
Iran said last week it would soon open enrichment plantWould have been the country's fourth in operationIsrael launched military strikes the next dayIsfahan nuclear complex has been hit, IAEA saysBy Francois Murphy VIENNA, June 19 (Reuters) - U.N. nuclear watchdog chief Rafael Grossi on Thurs...Reuters
Thu, Jun 19
Soccer-Palmeiras net second half double to beat Al Ahly as Group A finally gets some goals
Palmeiras dominate second half and score twiceMatch halted because of concerns over weatherRed card for Palmeiras player overturned after referee reviews his own decisionBy Mark GleesonEAST RUTHERFORD, N.J., , June 19 (Reuters) - Brazil’s Palmeiras scored twice in the space of 10 second-half minutes...Reuters
Thu, Jun 19
Canada could slap more duties on US steel and aluminum, says Carney
PM Carney announces measures to support steel, aluminum firmsChanges reciprocity on procurement rules for federal projectsUS has imposed 50% tariffs on imports of steel, aluminumBy Promit MukherjeeOTTAWA, June 19 (Reuters) - Canada could increase counter-tariffs on U.S.-produced steel and aluminum i...Reuters
Thu, Jun 19
ICE canola futures rise in low volume
WINNIPEG, Manitoba, June 19 (Reuters) - ICE canola futures rose in low volume, with the Chicago soy markets closed for a holiday.• November canola RSX5 settled up $7.70 at $744.10 per metric ton. July RSN5 settled up $6.80 at $745.30. • The July-November spread narrowed again, almost eliminating the...Reuters
Thu, Jun 19
Citi sees oil prices of $75-$78/bbl if war disrupts 1.1 mln bpd of Iran's oil exports
June 19 (Reuters) - An escalation of the Iran-Israeli hostilities could keep Brent oil prices trading about 15% to 20% above pre-conflict levels if the war disrupts 1.1 million barrels per day (bpd) of Iranian oil exports, analysts at Citibank said on Thursday. "This implies Brent price...Reuters
Thu, Jun 19
IAEA continues monitoring Israeli attacks on Iran's nuclear sites
June 19 (Reuters) - The International Atomic Energy Agency (IAEA) said on Thursday that it is continuing to closely monitor and assess the situation regarding the Israeli attacks on nuclear sites in Iran.Earlier in the day, the U.N. nuclear watchdog said it had information that Iran's Khondab he...Reuters
Thu, Jun 19
Israel restarts limited gas exports amid ongoing conflict, Egypt still waiting
CAIRO, June 19 (Reuters) - Israel has resumed limited natural gas exports from surplus supplies, the country's Energy Ministry said on Thursday, nearly a week after shutting down two key offshore fields as Israel and Iran waged an air battle.A ministry spokesperson told Reuters that exports are ...Reuters
Thu, Jun 19
Gold climbs above $3,370 despite Fed turning hawkish, US eyes Iran strike
Gold price registers modest gains on Thursday as geopolitical tensions rose due to increasing rumors that the United States (US) might become involved in the Israel–Iran conflict. Nevertheless, a slightly hawkish Federal Reserve (Fed) caps the golden metal's advance.
Fxstreet
Thu, Jun 19
JP Morgan says Strait of Hormuz closure could trigger a sustained oil price shock
June 19 (Reuters) - JP Morgan believes that a Strait of Hormuz closure would likely trigger a sustained oil price shock that will reverberate through global macro developments, the bank said in a note.It said that in the most extreme case of a broader regional conflagration that includes the closure...Reuters
Thu, Jun 19
