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TECHNICALS-CBOT soybeans may test resistance at $10.53-1/4
For more technical analyses, please click SINGAPORE, Aug 29 (Reuters) - The CBOT soybean November contract SX25 may test resistance at $10.53-1/4 per bushel, a break above which could lead to a gain to $10.61-1/4.The price fluctuation has been observing a series of projection levels on the uptrend f...Reuters
24 minutes ago
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $64.03 per barrel, down from Thursday’s close at $64.10.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.59 after its previous daily close at $67.62.
Fxstreet
38 minutes ago
India taking steps to diversify exports and boost demand, trade minister says
NEW DELHI, Aug 29 (Reuters) - India is taking steps to diversify its exports and boost domestic demand to support exporters hit by "unilateral action" taken by a country, trade minister Piyush Goyal said on Friday. It was Goyal's first public comment since the doubling of U.S. tariffs on...Reuters
40 minutes ago
COLUMN-A quiet revolution is unfolding in the mining sector: Andy Home
By Andy Home LONDON, Aug 29 (Reuters) - The world is going to need a lot of copper and other critical metals if it is going to pivot away from fossil fuels. But can the mining industry deliver? The challenges are huge. Ore grades at existing copper mines are steadily falling, big new discoveries ...Reuters
46 minutes ago
TABLE-North Sea gas maintenance schedule: Revises Troll outage
Aug 29 (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.OPERATORLOCATIONOUTAG...Reuters
an hour ago
India boosts US oil purchases on competitive prices, narrows trade deficit
By Nidhi Verma and Florence Tan NEW DELHI/SINGAPORE, Aug 29 (Reuters) - Indian refiners boosted U.S. crude oil purchases this month, drawn by competitive prices, trade sources said, a move that could help narrow the country's trade deficit with the United States amid tensions between the ...Reuters
an hour ago
US low-value package tariff exemption ends, raising costs for shippers, consumers
WASHINGTON, Aug 29 (Reuters) - The U.S. tariff exemption for package shipments valued under $800 ended on Friday, raising costs and disrupting supply chain models for e-commerce companies, small businesses using online marketplaces and consumers alike...Reuters
2 hours ago
PRECIOUS-Gold poised for monthly gain on soft dollar, US rate-cut hopes
Dollar heads for monthly dropFocus on US PCE data later in the dayGold up 3.9% so far this monthBy Brijesh Patel Aug 29 (Reuters) - Gold prices were on track for a monthly rise on Friday after striking a more than one-month peak in the previous session, supported by an overall softer dollar and i...Reuters
2 hours ago
India's IOC buys 5 million bbls US WTI crude for Oct-Nov delivery, sources say
NEW DELHI, Aug 29 (Reuters) - State refiner Indian Oil Corp IOC.NS has bought 5 million barrels of U.S. West Texas Intermediate crude for delivery in October and November via a tender, trade sources said on Friday.European traders Gunvor and Equinor sold 2 million barrels each, while Mercuria sold 1...Reuters
3 hours ago
GRAINS-Soybeans set for weekly drop on lack of Chinese demand
Soybeans set to the end week lower, after two weeks of gainsPrices under pressure as U.S.-China trade tensions drag onBy Naveen Thukral SINGAPORE, Aug 29 (Reuters) - Soybeans edged higher on Friday, but the market is on track for its first weekly decline in three weeks as a lack of Chinese demand...Reuters
4 hours ago
Oil prices fall on demand concerns but head for weekly gain
U.S. fuel demand expected to ease post-Labor DayUncertainty over Russian supply impacts market sentimentRussian oil exports to India set to rise despite US pressure Aug 29 (Reuters) - Oil prices fell on Friday but are set for a weekly gain, caught between expectations of lower demand as the end o...Reuters
4 hours ago
METALS-Copper set for weekly gain as producers boost investment on clean energy demand
By Lucas Liew Aug 29 (Reuters) - Coppper prices edged higher across major exchanges this week, supported by rising investments in copper production as producers position themselves to meet rising demand from the global transition to cleaner energy technologies.Three-month copper on the London Me...Reuters
4 hours ago
BREAKINGVIEWS-Chips-for-rare-earths is US-China circuit breaker
By Robyn Mak HONG KONG, Aug 29 (Reuters Breakingviews) - Which will last longer: China's stranglehold on critical minerals including rare earths, or the U.S.-led grip on advanced chips? The answer will help shape relations between Beijing and Washington for years to come.The world's two l...Reuters
4 hours ago
Company receptions at 2025 APPEC in Singapore
Aug 28 (Reuters) - Members of the global oil and gas industry will gather in Singapore during the week of September 8 for the annual Asia Pacific Petroleum Conference (APPEC).The APPEC conference, organised by S&P Global Commodity Insights, will be held over four days, while companies will host ...Reuters
4 hours ago
Oil prices fall on demand concerns, but headed for weekly gain
U.S. fuel demand expected to ease post-Labor DayUncertainty over Russian supply impacts market sentimentRussian oil exports to India set to rise despite US pressureBy Yuka Obayashi TOKYO, Aug 29 (Reuters) - Oil prices fell on Friday but are set for a weekly gain, caught between expectations of lo...Reuters
5 hours ago
WTI drifts lower below $64.00 as US targets India
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.85 during the early Asian trading hours on Friday. The WTI edges lower amid concerns about oversupply and US pressure on India to halt Russian oil imports.Fxstreet
5 hours ago
Gold Reserve's unit raises bid for Citgo parent in court-led auction
By Marianna ParragaHOUSTON, Aug 28 (Reuters) - Miner Gold Reserve GRZ.V said on Thursday that its subsidiary Dalinar Energy has submitted an improved bid for the parent company of refiner Citgo Petroleum in a court-organized auction, with a final decision on the winning bid expected next month. Earl...Reuters
6 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 29 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$67.53res $68.49/$68.80/$69.08Palm oil (3rd month)4,455/4,475 ringgitsup 4,400/4,383 ringgitWTI* (1st mth)$64.03/$63.78res $64.60/$65.11Spot gold$3,422/$3,432sup $3,406/...Reuters
6 hours ago
