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Erick now an extremely dangerous category 4 hurricane, NHC says
June 19 (Reuters) - Hurricane Erick strengthened into an extremely dangerous Category 4 storm, the U.S. National Hurricane Center (NHC) said, cautioning that further strengthening could occur before landfall.The hurricane was located 90 miles (145 km) southeast of Punta Maldonado Mexico packing maxi...Reuters
Thu, Jun 19
VEGOILS-Palm flat as strong Dalian oils counter weak demand
KUALA LUMPUR, June 19 (Reuters) - Malaysian palm oil futures were largely flat on Thursday as support from stronger rival Dalian oils countered weak demand from key markets including India. The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell ...Reuters
Thu, Jun 19
Silver Price Forecast: XAG/USD flat lines around $36.75 area; bullish potential seems intact
Silver (XAG/USD) oscillates in a narrow range around the $36.75 area during the Asian session on Thursday and for now, seems to have stalled the previous day's modest pullback from its highest level since February 2012.
Fxstreet
Thu, Jun 19
VEGOILS-Palm rangebound as strong Dalian counters weak crude oil
KUALA LUMPUR, June 19 (Reuters) - Malaysian palm oil futures traded in a tight range on Thursday as support from stronger rival Dalian oils countered weaker crude oil prices. The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 2 ringgit, or...Reuters
Thu, Jun 19
METALS-Copper prices flat as traders assess geopolitical risks, supply constraints
By Hongmei Li SINGAPORE, June 19 (Reuters) - Copper prices on the Shanghai Futures Exchange and London Metal Exchange were largely flat on Thursday, as the market focused on developments in the Israel-Iran conflict while tight supply provided price support. The LME's three-month copper CMCU3 ...Reuters
Thu, Jun 19
Oil falls as investors weigh chance of US intervention in Iran-Israel conflict
By Colleen Howe BEIJING, June 19 (Reuters) - Oil prices slipped on Thursday as investors hesitated to take new positions after U.S. President Donald Trump gave mixed signals on the country's potential involvement in the ongoing Israel-Iran conflict.Brent crude futures LCOc1 fell 37 cents, or ...Reuters
Thu, Jun 19
Commonwealth LNG receives FERC authorization for Calcasieu LNG export project
June 18 (Reuters) - Commonwealth LNG said on Wednesday it has received a final order from the Federal Energy Regulatory Commission authorizing its 9.5 million tonnes per annum liquefied natural gas export project on the Calcasieu Ship Channel in Louisiana.The FERC final order follows a conditional n...Reuters
Thu, Jun 19
WTI drifts higher to near $73.00 on rising Israel-Iran tension
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.00 during the Asian trading hours on Thursday. The WTI price edges higher amid fears that the Israel-Iran crisis could spiral into a broader conflict involving the United States (US).
Fxstreet
Thu, Jun 19
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 19 (Reuters) - Contract Target Support/Resistance Brent oil $75.38/$74.36res $77.01/$77.64/$78.65 Palm oil (3rd month)-res 4,113/4,157 ringgitsup 4,072/4,042 ringgitWTI* $73.44/$72.48res $75.60/$76.41/$77.52Spot gold$3,348res $3,402/$3,4...Reuters
Thu, Jun 19
Hurricane Erick strengthens to Category 3 off Mexico's Pacific Coast
Hurricane Erick rapidly strengthens into Category 3 Storm to make landfall early Thursday on Mexico's Pacific CoastEmergency planning underway in both affected statesBy Aida Pelaez-Fernandez and Diego OréMEXICO CITY, June 18 (Reuters) - Hurricane Erick strengthened rapidly into a major Category ...Reuters
Thu, Jun 19
Goldman estimates geopolitical risk premium of around $10 per barrel for Brent after prices rise
June 18 (Reuters) - Following the rise in Brent prices to $76-77 per barrel, Goldman Sachs estimates a geopolitical risk premium of around $10 per barrel, the bank said in a note on Wednesday.
Reuters
Thu, Jun 19
LIVESTOCK-Cattle futures end higher; hogs mostly firm ahead of US holiday
By Julie Ingwersen CHICAGO, June 18 (Reuters) - Chicago Mercantile Exchange cattle futures rose on Wednesday, but stayed bellow all-time highs set last week, while tight U.S. cattle supplies and rising beef prices continued to underpin the market ahead of a U.S. holiday, traders said.Benchmark CM...Reuters
Thu, Jun 19
Nippon Steel Corp: To Record 230 Billion Yen Loss As Result Of Share Transfer Of NS Kote, A Holding Company That Owns All Of Our Equity Of AM/NS Calvert, To Arcelormittal
June 19 (Reuters) - Nippon Steel Corp 5401.T:NIPPON STEEL CORP - ANNOUNCEMENT REGARDING RECOGNITION OF BUSINESS RESTRUCTURING LOSSNIPPON STEEL CORP - TO RECORD 230 BILLION YEN LOSS ON REORGANIZATIONNIPPON STEEL CORP - LOSS IS RESULT OF SHARE TRANSFER OF NS KOTE, A HOLDING COMPANY THAT OWNS ALL OF OU...Reuters
Wed, Jun 18
Steelmaker Ternium pushes for stronger USMCA trade pact in face of tariffs
By Kylie Madry MEXICO CITY, June 18 (Reuters) - Ternium TX.N, a steelmaker with a massive Mexico business, on Wednesday pushed for stronger terms of a regional trade agreement ahead of a pending review, despite current headwinds from steel tariffs imposed by the government of U.S. President Donal...Reuters
Wed, Jun 18
Goldman estimates geopolitical risk premium of around $10 per barrel for Brent after prices rise
June 18 (Reuters) - Following the rise in Brent prices to $76-77 per barrel, Goldman Sachs estimates a geopolitical risk premium of around $10 per barrel, the bank said in a note on Wednesday.It added that while its base case is that Brent declines to around $60/bbl in Q4 assuming no supply disrupti...Reuters
Wed, Jun 18
US Cash Crude-WTI at East Houston trades at more than 2-1/2-year low on weak export demand
June 18 (Reuters) - The differential for WTI at East Houston WTC-MEH versus U.S. crude at the Cushing storage hub eased to its lowest in more than two and half years on Wednesday on weak export demand and backwardation in markets, dealers said. WTI at East Houston eased to a 15-cent premium as the ...Reuters
Wed, Jun 18
GRAINS-US wheat surges 4% on short-covering, lifting corn and soy
Weather worries, Algerian tender spur short-covering in wheatCorn and soybeans trail gains in wheatSoybeans also supported by US biofuels mandateUS markets closed on Thursday for holidayBy Julie Ingwersen CHICAGO, June 18 (Reuters) - Benchmark Chicago Board of Trade wheat futures jumped more than...Reuters
Wed, Jun 18
Putin says he does not want to discuss the possible Israeli-U.S. killing of Iran's supreme leader
Putin says Iran is consolidating around leadershipRussia has conveyed its ideas about ending the fightingIran has a right to peaceful nuclear power, Putin saysPutin says Russia has specialists at Bushehr plant By Simon Robinson ST PETERSBURG, Russia, June 18 (Reuters) - President Vladimir Putin o...Reuters
Wed, Jun 18
Putin says he doesn't want to discuss potential assassination of Iran's supreme leader
ST PETERSBURG, Russia, June 18 (Reuters) - Russian President Vladimir Putin said on Thursday that he "doesn't even want to discuss" the potential assassination of Iranian Supreme Leader Ali Khamenei by Israel or the United States.Putin was answering a question at a meeting of senior edit...Reuters
Wed, Jun 18
