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Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $61.50 per barrel, up from Friday’s close at $60.51.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $64.28.
Fxstreet
Mon, Oct 6
RPT-COLUMN-Surging OPEC+ oil output leaves market with shrinking shock absorbers: Bousso
OPEC+ agrees to increase output by another 137,000 bpd in NovemberAs production increases, group's spare capacity dwindlesBut OPEC+ might not have as much spare capacity as thoughtBy Ron Bousso LONDON, Oct 6 (Reuters) - OPEC+'s continued oil output increases are eroding the group's sp...Reuters
Mon, Oct 6
TABLE-North Sea gas maintenance schedule: Adds Karsto outage
Oct 6 (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, Oct 6
PRESS DIGEST- New York Times business news - October 6
Oct 5 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Costco COST.O members with a valid prescription can access a four-week supply of Novo Nordisk's NOVOb.CO popular weight-loss dr...Reuters
Mon, Oct 6
RPT-EXCLUSIVE-Trump administration eyes stake in company developing Greenland rare earths mine
Trump administration officials discuss equity interest in Greenland rare earths projectWashington has taken stakes in other minerals companiesAdministration official says hundreds of companies seek administration investment in critical mineralsBy Jarrett Renshaw, Ernest Scheyder and Gram Slattery ...Reuters
Mon, Oct 6
Gold buying remains unabated amid Fed rate cut bets and US government shutdown
Gold (XAU/USD) surges past the $3,900 round figure during the Asian session on Monday, hitting a fresh record high amid the growing acceptance for additional interest rate cuts by the US Federal Reserve (Fed).
Fxstreet
Mon, Oct 6
Boeing Said To Prepare For 737 Rate Hike As Soon As October - Bloomberg News
Oct 6 (Reuters) - BOEING SAID TO PREPARE FOR 737 RATE HIKE AS SOON AS OCTOBER - BLOOMBERG NEWSBOEING CO. IS GUIDING SUPPLIERS THAT 737 MAX OUTPUT COULD REACH A 42-JET MONTHLY TEMPO AS EARLY AS OCTOBER - BLOOMBERG NEWSSource text: [https://tinyurl.com/35f4e28j]Reuters
Mon, Oct 6
WTI climbs above $61.50 on lower-than-expected OPEC+ output hike
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.55 during the Asian trading hours on Monday. The WTI jumps after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to raise production by a modest amount in November.Fxstreet
Mon, Oct 6
GRAINS-Soybeans fall for second session on supply pressure, wheat eases
Rapidly advancing U.S. harvest weighs as China remains absentWheat falls after gains driven by bargain-buying, corn firms SINGAPORE, Oct 6 (Reuters) - Chicago soybean futures lost more ground on Monday, as an advancing U.S. harvest and a lack of Chinese buying continued to weigh on the market.Cor...Reuters
Mon, Oct 6
PRECIOUS-Gold sails past $3,900/oz for first time on safe-haven bids
Gold hits all-time high of $3,924.39/ozYen sinks as Takaichi win spurs bets of fiscal easingFed's Miran wants aggressive rate cutsBy Brijesh Patel Oct 6 (Reuters) - Gold surged past the $3,900-an-ounce level for the first time on Monday, driven by safe-haven demand following a fall in the yen...Reuters
Mon, Oct 6
Freeport confirms all seven missing workers dead after Indonesia mine disaster
Oct 5 (Reuters) - Miner Freeport FCX.N said on Sunday that all seven workers who went missing after a mud-flow disaster at Indonesia's Grasberg copper and gold mine have been confirmed dead, following the discovery of five more bodies.Around 800,000 metric tons of wet material flooded the mine o...Reuters
Mon, Oct 6
METALS-Copper hits more than 16-month high on supply worries
By Brijesh Patel Oct 6 (Reuters) - Copper rose to a more than 16-month high on Monday, supported by concerns about supply from top producer Chile and major supplier Indonesia.Three-month copper on the London Metal Exchange CMCU3 was up 0.7% at $10,792 per metric ton by 0147 GMT, hitting its highe...Reuters
Mon, Oct 6
Gold edges higher to record high above $3,900 as US shutdown continues
Gold Price (XAU/USD ) attracts some buyers to a fresh record high around $3,920 during the early Asian session on Monday. Uncertainty surrounding a US government shutdown and expectations of the Federal Reserve (Fed) interest rate cuts support the precious metal.Fxstreet
Mon, Oct 6
PRESS DIGEST-British Business - October 6
Oct 6 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - UK bookmaker Entain's boss Stella David said hitting the industry in next month's budget co...Reuters
Mon, Oct 6
PRESS DIGEST-Financial Times - October 6
Oct 6 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Monzo plots new push for US banking licence- Shell says Trump administration's attacks on wind projects harm investment- UK homebuye...Reuters
Mon, Oct 6
Australia's VHM gets US interest of up to $200 million for rare earths project
Oct 6 (Reuters) - Australia's VHM Ltd VHM.AX said on Monday that it had received a letter of interest from the Export-Import Bank (EXIM) of the United States for up to $200 million funding to develop its Goschen rare earths and mineral sands project.Reuters
Mon, Oct 6
GRAINS-Soybeans fall for second session on supply pressure; corn and wheat ease
SINGAPORE, Oct 6 (Reuters) - Chicago soybean futures lost more ground on Monday, as an advancing U.S. harvest and a lack of Chinese buying continued to weigh on the market.Corn slid for a second session, while wheat fell for the first time in four sessions.FUNDAMENTALS* The most-active soybean contr...Reuters
Mon, Oct 6
Trump says US hit another boat off Venezuela coast on Saturday
Strikes have killed 21 this month, according to the USTrump says US will now look to operations by landUS has not provided evidence of drug traffickingVenezuela seeks foreign support, sent letter to pope NAVAL STATION NORFOLK, Virginia, Oct 5 (Reuters) - U.S. forces hit another vessel allegedly ...Reuters
Mon, Oct 6
RPT-PRECIOUS-Gold smashes through $3,900/oz to notch record high
Oct 6 (Reuters) - Gold surged past $3,900 an ounce for the first time in early Asian trade on Monday, as safe-haven demand from a U.S. government shutdown added to the momentum from expectations of more Federal Reserve rate cuts.Spot gold XAU= gained 0.6% to $3,910.09 per ounce by 23:53 GMT on Sunda...Reuters
Mon, Oct 6
