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TECHNICALS-US oil may retest support at $62.40
For more technical analyses, click SINGAPORE, Feb 6 (Reuters) - U.S. oil CLc1 may retest a support at $62.40 per barrel, with a good chance of breaking below this level and falling toward $61.37.A mall wave c from $64.65 has briefly travelled below its 100% projection level of $62.62. Chances are it...Reuters
Fri, Feb 6
Corn, soybean basis bids flat to down
CHICAGO, Feb 5 (Reuters) - Spot basis bids for corn and soybeans were steady to lower at processors in the U.S. Midwest on Thursday, a spot check of locations showed, as farmers sold their crops following gains in soybean and corn futures.Chicago Board of Trade soybean futures continued their ascent...Reuters
Fri, Feb 6
Stocks tumble as AI rout deepens, silver hammered
By Gregor Stuart Hunter SINGAPORE, Feb 6 (Reuters) - Asian stocks extended losses into a second day in early trading on Friday as a selloff on Wall Street intensified, with precious metals and cryptocurrencies gripped by wrenching volatility.MSCI's broadest index of Asia-Pacific shares outsid...Reuters
Fri, Feb 6
US rooftop solar installers cut jobs, restructure as homeowner subsidy expires
Expiration of 30% federal homeowner tax credit triggers downturn and layoffs in residential solarInstallations forecast to drop sharply in 2026, delaying industry recoveryInstallers shifting to third-party ownership models that still qualify for federal incentivesBy Nichola Groom Feb 5 (Reuters) ...Reuters
Fri, Feb 6
Gold, silver extend losses on global tech rout, firmer dollar
Feb 6 (Reuters) - Gold and silver extended losses on Friday as a global rout in tech equities and a stronger U.S. dollar wiped out most gains made by the metals during a brief rebound earlier this week. FUNDAMENTALSSpot gold XAU= was down 0.7% at $4,735.99 per ounce, as of 0037 GMT, after...Reuters
Fri, Feb 6
EXCLUSIVE-Mexico seeking way to send fuel to Cuba without being hit by US tariffs, sources say
Mexico in talks with US to avoid tariff reprisals, sources sayCuba faces fuel shortages, relies on Mexican suppliesMexico considers humanitarian aid to Cuba amid tariff threatsBy Diego Oré MEXICO CITY, Feb 5 (Reuters) - Mexican officials are evaluating how to send fuel to Cuba to help meet basic ...Reuters
Fri, Feb 6
Oil extends decline ahead of US-Iran talks
By Florence Tan SINGAPORE, Feb 6 (Reuters) - U.S. crude futures extended their decline on Friday, on track for their first weekly drop in weeks, as concerns of supply disruption in the Middle East eased with investors focusing on the outcome of U.S.-Iran nuclear talks in Oman later in the day.U.S...Reuters
Fri, Feb 6
Gold Price Forecast: XAU/USD falls below $4,700 as traders book profits
Gold price (XAU/USD) tumbles to around $4,680 during the early Asian session on Friday. The precious metal extends the decline as traders cover losses from equities and adjust positions. The preliminary reading of the Michigan Consumer Sentiment Index report for February is due later on Friday.
Fxstreet
Fri, Feb 6
Capstone Copper to resume full production at Chile's Mantoverde mine as strike ends
Feb 6 (Reuters) - Canada's Capstone Copper CS.TO said on Friday that the largest union at its Mantoverde copper‑gold mine in Chile had approved a new three‑year labour contract, ending a strike that started on January 2 and paving the way for production to return to normal.Shares of the miner...Reuters
Fri, Feb 6
CIF/FOB Gulf Grain-Soy barge bids ease as CBOT rally spurs farmer sales
CHICAGO, Feb 5 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals softened a bit on Thursday as this week's surge in Chicago Board of Trade soybean futures to two-month highs above $11 a bushel spurred a round of farmer grain sales, traders said.CBOT soybean future...Reuters
Fri, Feb 6
Labor union at Capstone Copper's Chile mine ends strike
Feb 6 (Reuters) - Canada-listed Capstone Copper CS.TO said on Friday that the Mantoverde mine's largest labor union in Chile has ratified a new three-year collective bargaining agreement, bringing an end to a strike that started on January 2.Reuters
Thu, Feb 5
US Plains HRW Wheat-Basis bids flat to higher as futures climb
CHICAGO, Feb 5 (Reuters) - Basis bids for hard red winter wheat were steady in the U.S. Southern Plains on Thursday as futures gained ground. Warmer temperatures and wetter weather in the next six to 10 days are expected to benefit the Southern Plains winter wheat crop, according to forecaster Vaisa...Reuters
Thu, Feb 5
RPT-Russian oil sellers cut prices in China to attract demand as India wavers
Analysts expect India's Russia oil demand to stay weakESPO China discount widens toward $9/bbl, Urals at minus $12/bblChina Russian crude imports at record 1.7 mln bpd in Jan - KplerChina's Russian oil demand may have peaked without state buyersBy Siyi Liu SINGAPORE, Feb 5 (Reuters) - Dis...Reuters
Thu, Feb 5
CANADA-CRUDE-Discount on Western Canada Select widens
Feb 5 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened on Thursday. WCS for March delivery in Hardisty, Alberta, settled at $15.25 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with ...Reuters
Thu, Feb 5
Uber ordered to pay $8.5 million in key trial over driver sex assault claims
By Diana Novak Jones Feb 5(Reuters) - A federal jury in Phoenix ordered Uber UBER.N on Thursday to pay $8.5 million after finding it liable in a lawsuit brought by a woman who said she was sexually assaulted by a driver, a verdict that could influence thousands of similar cases against the ride-h...Reuters
Thu, Feb 5
US Cash Crude-Coastal grades firm as WTI/Brent spread remains wide
HOUSTON, Feb 5 (Reuters) - Coastal grades firmed on Thursday, dealers said, as the discount of U.S. West Texas Intermediate crude to Brent remained wide. Mars Sour and Southern Green Canyon rose 10 cents each. The spread between WTI and Brent traded as wide as minus $4.50 during the session. A sprea...Reuters
Thu, Feb 5
Brazil reaches $7.6 billion deal to renew key railway concession run by VLI
By Lisandra ParaguassuBRASILIA, Feb 5 (Reuters) - Brazil's government has reached a deal for the early renewal of a key railway concession that connects parts of the country's Center-Western and Northeast regions to ports in the Southeast, Transport Minister Renan Filho told Reuters. The agr...Reuters
Thu, Feb 5
LIVESTOCK-Cattle futures fall after strike authorization vote
By Heather SchlitzCHICAGO, Feb 5 (Reuters) - CME live and feeder cattle futures stumbled on Thursday, breaking a three-day rally under pressure from a strike authorization vote at a JBS meatpacking plant in Greeley, Colorado, analysts said.However, bullish fundamentals, including a tight cattle supp...Reuters
Thu, Feb 5
US says Trump prefers diplomacy with Iran but warns he has military options
White House says Trump will wait to see outcome of Oman talksIran's Foreign Minister Abbas Araqchi departs for Oman Trump has said Khamenei 'should be very worried'US wants missiles, proxies, rights issues includedIran insists talks should be confined to nuclear disputeFears grow that fa...Reuters
Thu, Feb 5
