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VEGOILS-Palm tracks weak crude oil lower, set for weekly fall
KUALA LUMPUR, Oct 17 (Reuters) - Malaysian palm oil futures inched lower on Friday, on track for a weekly drop, as weaker crude oil prices weighed on the market. The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange slid 8 ringgit, or 0.18%, to 4,512 ...Reuters
Fri, Oct 17
COLUMN-Energy transition set to divide manufacturers across the Atlantic: Maguire
By Gavin MaguireLITTLETON, Colorado, Oct 17 (Reuters) - Manufacturers in North America and Europe are set to embark on starkly different power-source paths in the decades ahead, which could reshape the future prospects for goods producers on both sides of the Atlantic. In North America, natural gas ...Reuters
Fri, Oct 17
Polish court considers sending suspect to Germany in disputed Nord Stream case
Polish court may rule on sending Ukrainian suspect to GermanyVolodymyr Z. wanted in connection with Nord Stream bombingsPolish PM says he should not be given to GermanyWarsaw is a long standing critic of Nord StreamBy Marek Strzelecki and Anna Koper WARSAW, Oct 17 (Reuters) - A Polish court will ...Reuters
Fri, Oct 17
PRECIOUS-Gold rallies beyond $4,300/oz, set for best week in five years
U.S. regional bank credit concerns spook investorsChina accuses U.S. of causing panic on export controlsFed Governor Waller voices support for interest rate cutBy Ishaan Arora and Anmol Choubey Oct 17 (Reuters) - Gold notched a new high above $4,300 an ounce on Friday and was poised for its best ...Reuters
Fri, Oct 17
TECHNICALS-CBOT soybeans may retest resistance at $10.21
For more technical analyses, please click SINGAPORE, Oct 17 (Reuters) - The CBOT soybean November contract SX25 may retest resistance at $10.21 per bushel, a break above which could lead to a gain to $10.27.The bounce from $10.01 looks like an extension of the uptrend from $9.93-3/4. Driven by a wav...Reuters
Fri, Oct 17
WTI falls to near $56.50 as oversupply concerns rise ahead of upcoming Trump-Putin meet
West Texas Intermediate (WTI) Oil price extended its losses and recorded a fresh five-month low of $56.52 during the Asian hours on Friday, currently trading around $56.70 per barrel. Crude Oil prices depreciate amid rising concerns over global energy supplies.
Fxstreet
Fri, Oct 17
PRESS DIGEST-British Business - October 17
Oct 17 (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- British Finance Minister Rachel Reeves said Beijing’s decision to impose sweeping new clampdowns on any comp...Reuters
Fri, Oct 17
Gold extends record rally above $4,300, eyes best weekly gain since 2008
Oct 17 (Reuters) - Gold extended its record-breaking rally on Friday, climbing above $4,300, poised for their best weekly performance in 17 years, as escalating U.S.-China trade tensions fuelled market uncertainty, with U.S. rate cut hopes adding to the momentum.Reuters
Fri, Oct 17
Oil set for weekly loss as Trump-Putin summit looms
Oct 17 (Reuters) - Oil prices edged lower in early trade on Friday, heading for a weekly loss, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine.Reuters
Fri, Oct 17
Indian refiners buy first Guyanese oil from Exxon, sources say
NEW DELHI/SINGAPORE, Oct 17 (Reuters) - Two Indian refiners have bought 4 million barrels of Guyanese crude oil from U.S. major Exxon Mobil XOM.N to be delivered at end-2025 or in early 2026, in their first imports from the South American producer, trade sources said on Friday.Indian Oil Corp IOC.NS...Reuters
Fri, Oct 17
GRAINS-Corn rises on fears US yields might miss estimates
CANBERRA, Oct 17 (Reuters) - Chicago corn futures extended gains into a fourth session on Friday, and were set for their first weekly gains in five weeks, as traders speculated U.S. harvest yields could fall short of estimates and rain forecasts threatened to delay field work.Soybean futures also ro...Reuters
Fri, Oct 17
Family of Trinidadian man believed killed in US strike demands proof of drug trafficking
Family of Chad Joseph believe he was killed in US strike on TuesdayRelatives say Joseph was a fisherman, call his death 'perfect murder'Legal experts, Democrats raise concerns about legality of strikesBy Andrea de Silva LAS CUEVAS, Trinidad and Tobago, Oct 16 (Reuters) - Relatives of a Tr...Reuters
Fri, Oct 17
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Oct 17 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$60.69/$59.76res $61.37/$62.37Palm oil (3rd month)4,576/4,604 ringgitsup 4,530/4,503 ringgitWTI* (1st month)$56.84/$55.96res $57.66/$58.27/$59.15Spot gold$4,381/$4,398...Reuters
Fri, Oct 17
Gold Price Forecast: XAU/USD extends the rally above $4,350 amid safe-haven flows
Gold price (XAU/USD) extends its upside to around $4,365 during the early Asian session on Friday. The precious metal holds positive ground after reaching a record high of $4,380 in the previous session.Fxstreet
Fri, Oct 17
CIF/FOB Gulf Grain-Soy barge bids flat as China remains absent from market
CHICAGO, Oct 16 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals were largely flat on Thursday as China remained absent from the market, traders said.Escalating Washington-Beijing trade tensions continue to shut U.S. supplies out of China, which has turned to South...Reuters
Thu, Oct 16
Trump says his administration is working on lowering beef prices
By Tom Polansek, Trevor Hunnicutt and Costas Pitas WASHINGTON, Oct 16 (Reuters) - U.S. President Donald Trump said on Friday that his administration was working to lower the price of beef in the country."We are working on beef, and I think we have a deal on beef," Trump told reporters at ...Reuters
Thu, Oct 16
Federal regulators approve Venture Global commissioning extension at Plaquemines LNG plant
FERC grants similar extensions to other developersPlaquemines LNG aims for full service by mid-2027Venture Global cites COVID challenges for extension requestBy Curtis WilliamsHOUSTON, Oct 16 (Reuters) - Federal regulators on Thursday approved a request from Venture Global VG.N for more time to keep...Reuters
Thu, Oct 16
US Plains HRW Wheat-Protein premiums firm, Oklahoma dryness expands
CHICAGO, Oct 16 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged at elevators in the southern U.S. Plains on Thursday while premiums improved for a few grades of high-protein wheat as domestic flour millers sought supplies, grain dealers said.Premiums for HRW wheat shipped by ra...Reuters
Thu, Oct 16
