News
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METALS-London copper edges lower as tariff uncertainty lingers
NEW DELHI, May 20 (Reuters) - Copper prices in London were slightly lower on Tuesday amid fading enthusiasm over the 90-day tariff truce between the U.S. and China, the top consumer of the metal.Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.3% at $9,499.5 a metric ton as of 02...Reuters
Tue, May 20
PRECIOUS-Gold eases as Russia-Ukraine ceasefire optimism curbs safe-haven demand
Trump says Russia-Ukraine to start immediate talks on ceasefireFed officials take cautious view on U.S. markets amid downgradeSeveral Fed officials scheduled to speak later in the dayBy Anushree Mukherjee.
Reuters
Tue, May 20
GRAINS-Wheat slips on expectations of strong US production
CANBERRA, May 20 (Reuters) - Chicago wheat futures edged lower on Tuesday as expectations of a large harvest in the United States held prices close to last week's five-year low despite concerns that frosts in Russia and dry conditions in China could damage crop production. Corn and soybean futu...Reuters
Tue, May 20
Gold Price Forecast: XAU/USD holds below $3,250 on modest US Dollar strength
The Gold price (XAU/USD) edges lower to around $3,230 during the early Asian session on Tuesday, pressured by a modest US Dollar (USD) rebound. However, the concerns over the US economic health after Moody's downgrades the US national credit rating might cap its downside.Fxstreet
Tue, May 20
Valero Reports Power Disruption At Corpus Christi, Texas West Refinery
May 19 (Reuters) - VALERO ENERGY CORP VLO.N:REPORTS AN UNANTICIPATED THIRD-PARTY POWER DISRUPTION AT CORPUS CHRISTI, TEXAS WEST PLANTSAYS POWER DISRUPTION RESULTED IN LOSS OF ELECTRICAL POWER TO MULTIPLE PIECES OF EQUIPMENTSAYS "AS A RESULT, PROTECTIVE SAFETY SHUTDOWN SEQUENCES WERE AUTOMATICALL...Reuters
Tue, May 20
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 20 (Reuters) - Contract Target Support/Resistance Brent oil $65.88/$66.24/$66.67sup $64.91/$64.44/$63.75Palm oil (3rd month)3,946/3,981 ringgitsup 3,866/3,839/3,795 ringgitWTI* $63.37/$63.81sup $62.31/$61.50/$60.78Spot gold$3,176/$3,135re...Reuters
Tue, May 20
RPT-Oil prices rise on signs of faltering US-Iran nuclear talks
By Laila Kearney May 20 (Reuters) - Oil prices edged up on Tuesday on a potential breakdown in talks between the U.S. and Iran over Tehran's nuclear program and the weakened prospects of more Iranian oil supplies entering the global market.Brent futures LCOc1 rose 12 cents to $65.66 a barrel ...Reuters
Tue, May 20
Oil prices rise on signs of faltering US-Iran nuclear talks
By Laila Kearney May 20 (Reuters) - Oil prices edged up on Tuesday on a potential breakdown in talks between the U.S. and Iran over Tehran's nuclear program and the weakened prospects of more Iranian oil supplies entering the global market.Brent futures LCOc1 rose 12 cents to $65.66 a barrel ...Reuters
Tue, May 20
PRECIOUS-Gold eases as Russia-Ukraine ceasefire optimism curb safe-haven demand
May 20 (Reuters) - Gold prices eased on Tuesday, as a firmer dollar and optimism over a potential ceasefire between Russia and Ukraine dampened investor demand for safe-haven assets. FUNDAMENTALS* Spot gold XAU= was down 0.4% at $3,217.50 an ounce, as of 0024 GMT. U.S. gold futures GCcv1 also slippe...Reuters
Tue, May 20
WTI edges higher above $62.00 as US-Iran nuclear talks stall
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.10 during the Asian trading hours on Tuesday. The WTI price edges higher on signs of a breakdown in US negotiations with Iran over its nuclear program, while Moody's downgrades the US national credit rating.
Fxstreet
Mon, May 19
CIF/FOB Gulf Grain-Corn barge bids strengthen on exporter demand
CHICAGO, May 19 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals firmed on Monday in response to exporter demand for the grain and thin farmer offerings, traders said.CIF Gulf corn barges loaded in May were bid at 68 cents over Chicago Board of Trade (CBOT) July corn C...Reuters
Mon, May 19
US oil producer Continental Resources claims Hess defrauded it out of $69 million
By Georgina McCartneyHOUSTON, May 19 (Reuters) - U.S. shale producer Continental Resources has filed a lawsuit against Hess Corp HES.N alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental said that Hess, w...Reuters
Mon, May 19
Equinor says US lifts stop-work order on New York offshore wind farm
May 19 (Reuters) - The Trump administration lifted a month-old stop-work order on a major offshore wind facility planned off the coast of New York, Norway's Equinor EQNR.OL, the project's developer, said on Monday.Officials from the U.S. Interior Department, which issued the order last month...Reuters
Mon, May 19
US Department of Energy to begin issuing orders for pending LNG export permits
By Curtis Williams HOUSTON, May 19 (Reuters) - The U.S. Department of Energy will begin approving or rejecting pending applications for permits to export liquefied natural gas to countries with no free trade agreements with the U.S., the agency said on Monday, after releasing a final study on...Reuters
Mon, May 19
Perpetua Resources receives final federal permit for Stibnite Gold Project
May 19 (Reuters) - Mining company Perpetua Resources PPTA.O said on Monday it has received the final federal permit for its Idaho antimony and gold Stibnite project from the U.S. Army Corps of Engineers.President Donald Trump invoked emergency powers in March to boost domestic production of critical...Reuters
Mon, May 19
Tariff truce will not spark cargo boom at busiest US seaport, executive director says
Port of Los Angeles expects slight uptick in bookings, not a surgeMay imports reflect previous 145% tariffs, impacting port volumesWalmart to raise prices, reduce orders due to tariff costsBy Lisa Baertlein LOS ANGELES, May 19 (Reuters) - The head of the busiest U.S. port does not expect imports ...Reuters
Mon, May 19
US Cash Crude-Coastal grades weaken on low export demand
May 19 (Reuters) - Coastal grades eased on Monday, dealers said, due to weak export demand for U.S. crude as OPEC+ is set to ramp up supply. Mars eased 45 cents, while Heavy Louisiana Sweet eased 50 cents. WTI Midland and WTI at East Houston WTC-MEH, also known as MEH, were unchanged.Total US export...Reuters
Mon, May 19
Energy investor Five Point targets $2 billion from Northwind pipelines sale, sources say
By David French May 19 (Reuters) - The private equity owner of Northwind Midstream is exploring a potential sale of the Permian Basin gas infrastructure operator, with any deal expected to value the company upwards of $2 billion, including debt, people familiar with the matter said.Five Point Inf...Reuters
Mon, May 19
Probe of crash of Mexican tall ship into Brooklyn Bridge centers on engine
The crash resulted in two fatalities and around 20 injuriesShip's engine is key focus of investigation, NTSB saysRole of tug boat that assisted the ship will also be examinedEngine malfunction was likely the reason for the accident, expert saysBy Maria Tsvetkova, Karen Freifeld and David Shepard...Reuters
Mon, May 19
LIVESTOCK-CME live cattle futures rise as US grilling season heats up
CHICAGO, May 19 (Reuters) - Chicago Mercantile Exchange live cattle turned higher on Monday, amid continued strength in the cash market and a spate of short covering, traders said.Feeder cattle futures were mixed, with the most-active August FCQ25 contract turning lower for the fourth time in five s...Reuters
Mon, May 19
