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WTI Price Forecast: Sits near $105.50; eyes four-week top as Trump's Iran deadline looms
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – catches fresh bids during the Asian session on Tuesday and climbs back closer to a nearly four-week high set the previous day.
Fxstreet
20 minutes ago
Asian Development Bank launches $25 million fund for ASEAN power grid
MANILA, April 7 (Reuters) - The Asian Development Bank said on Tuesday that it has launched Southeast Asia's first multi-partner fund to accelerate the development of an ASEAN-wide cross-border power grid and strengthen regional energy security. The initial funding of $25 million for the Regiona...Reuters
49 minutes ago
FOCUS-Chinese pigs fed new menu as Beijing weans farmers off US soy
China sees swapping soy for domestic alternatives as a national security issueFarmers motivated by cost savings as economic malaise drives down demandChina imports 80% of its soy needs, with US the second biggest supplierSoy prices have soared amid US-China trade frictions, war in Middle EastBy Daph...Reuters
59 minutes ago
PRECIOUS-Gold steady as Trump's Iran deadline keeps markets cautious
Markets cautious ahead of Trump's midnight GMT deadlineIran rejects ceasefire; Trump ramps up threats ahead of deadlineFed presidents highlight inflation concernsFed March policy meeting minutes due on Wednesday By Pablo Sinha April 7 (Reuters) - Gold prices steadied on Tuesday, as investors...Reuters
an hour ago
GRAINS-Wheat eases on US rain forecast; corn, soybeans firm
Wheat prices fall for 2nd session on U.S. weather outlookCorn, soybeans supported by gains in crude oil pricesBy Naveen Thukral SINGAPORE, April 7 (Reuters) - Chicago wheat futures lost more ground on Tuesday, pressured by forecasts of much-needed rains that could improve crop prospects in the dr...Reuters
2 hours ago
Pioneer Minerals Executes Strategic US Tungsten Processing Collaboration
April 7 (Reuters) - Pioneer Minerals Ltd PMM.AX:EXECUTES STRATEGIC US TUNGSTEN PROCESSING COLLABORATIONEXECUTES NON-BINDING MOU WITH MINERAL TECHNOLOGIES USA FOR SPRINGFIELD CRITICAL MINERALS PROJECTCOLLABORATION TO ASSESS ESTABLISHMENT OF DOMESTIC TUNGSTEN BENEFICIATION CAPABILITY IN THE UNITED STA...Reuters
3 hours ago
Deere settles US right-to-repair lawsuit with $99 million fund, repair commitments
April 6 (Reuters) - U.S. agriculture equipment maker Deere DE.N on Monday agreed to pay $99 million into a settlement fund for farms and farmers that are part of a class action over costs and access to repairs.The case is part of broader scrutiny in the U.S. over so-called right-to-repair practices,...Reuters
3 hours ago
South Korea envoy to visit Kazakhstan, Oman and Saudi Arabia to secure oil supplies
SEOUL, April 7 (Reuters) - South Korean presidential chief of staff Kang Hoon-shik said on Tuesday he would travel to Kazakhstan, Oman and Saudi Arabia to secure supplies of crude oil and naphtha amid disruptions to shipping through the Strait of Hormuz.Reuters
3 hours ago
PRECIOUS-Gold steady as investors await Trump deadline on Strait of Hormuz
April 7 (Reuters) - Gold prices held steady on Tuesday, as investors remained cautious ahead of a deadline set by U.S. President Donald Trump on reopening the Strait of Hormuz, a key flashpoint in the Iran war.FUNDAMENTALSSpot gold XAU= was steady at $4,646.69 per ounce by 0100 GMT, while U.S. gold ...Reuters
4 hours ago
Gold Rebounds as Traders Watch Trump’s Iran Deadline
Gold price (XAU/USD) recovers to near $4,660 during the early Asian session on Tuesday. The precious metal drifts higher as traders watch US President Donald Trump's Tuesday deadline for military strikes on Iranian infrastructure following the closure of the Strait of Hormuz.Fxstreet
4 hours ago
Us Crude Premiums Climb to Record Levels as Asia, Europe Compete for Supply
WTI premiums for Asia jump to $30-$40/bbl for July deliveryRecord premiums lead to wider losses for Asia, Europe refinersBy Florence Tan and Siyi Liu SINGAPORE, April 6 (Reuters) - Spot premiums for U.S. West Texas Intermediate crude have jumped to all-time highs as competition between Asian andReuters
4 hours ago
China's Xi urges faster development of new energy system as Middle East war continues
Xi urges safeguards for China's energy securityThe Party Central Committee has advanced the new energy security strategy in depth, says XiChina must stay committed to low-carbon development, he addsBy Liz Lee and Claire Fu BEIJING/SINGAPORE, April 6 (Reuters) - Chinese President Xi Jinping ha...Reuters
4 hours ago
LIVESTOCK-Live cattle futures hit contract highs on cash market strength
By Julie Ingwersen CHICAGO, April 6 (Reuters) - Live cattle futures on the Chicago Mercantile Exchange (CME) climbed on Monday, driven by robust cash cattle markets as meat packers ramped up beef production ahead of the summer grilling season, analysts said."It is post-Easter, and intentions ...Reuters
5 hours ago
GRAINS-Wheat eases on US rain forecast; corn, soybeans down
SINGAPORE, April 7 (Reuters) - Chicago wheat futures lost more ground on Tuesday, pressured by forecasts of much-needed rains that could improve crop prospects in the drought-stressed U.S. Plains.Corn and soybeans eased after closing marginally higher on Monday.FUNDAMENTALSThe most-active wheat cont...Reuters
5 hours ago
