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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 $61.63 per barrel, down from Thursday’s close at $62.02.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.68 after its previous daily close at $66.08.
Fxstreet
17 minutes ago
IEA cuts 2030 low-emissions hydrogen production outlook by nearly a quarter
PARIS, Sept 12 (Reuters) - A wave of cancellations, cost pressures and policy uncertainty have thinned the low-emissions hydrogen project pipeline and cut 2030 projected development by nearly a quarter, the International Energy Agency said on Friday. About 37 million metric tons per year of the ...Reuters
an hour ago
PRESS DIGEST-Wall Street Journal - September 12
Sept 12 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Microsoft MSFT.O and OpenAI have reached a tentative agreement easing tensions over their partnership, clearing a key hurdle for the ChatGP...Reuters
2 hours ago
PRECIOUS-Gold set for fourth weekly gain on soft US data, Fed rate outlook
US CPI increases 0.4% in AugustInitial jobless claims jump to 263,000 last weekGold has gained 1.9% so far this weekSilver, platinum, palladium set for weekly gainBy Anmol Choubey Sept 12 (Reuters) - Gold prices rose on Friday and were set for a fourth consecutive weekly gain, as mounting concern...Reuters
2 hours ago
Via Transportation raises $493 million in US IPO, valued at $3.65 billion
Sept 11 (Reuters) - Transit tech firm Via Transportation VIA.N and select existing investors raised $492.9 million in a U.S. initial public offering on Thursday, becoming the latest addition to the September rebound in IPO activity.The New York-based company sold about 10.7 million shares at $46 eac...Reuters
2 hours ago
Oil prices extend losses on oversupply, US demand concerns
IEA expects oversupply to increase with OPEC output boostUS consumer prices rise, Fed likely to cut ratesBy Sam Li and Lewis Jackson Sept 12 (Reuters) - Oil prices fell on Friday, adding to big declines in the previous session, as concerns about the possible softening of U.S. demand and broad ove...Reuters
2 hours ago
GRAINS-Soybeans, corn, wheat set for weekly gains ahead of USDA report
BEIJING, Sept 12 (Reuters) - Chicago soybeans, corn and wheat were on track for weekly gains on Friday as traders adjusted positions ahead of a key U.S. supply and demand report.As of 0342 GMT, the most active soybean contract on the Chicago Board of Trade (CBOT) Sv1 added 0.07% to $10.34-2/8 per bu...Reuters
2 hours ago
Via Transportation, shareholders, raise $493 million in US IPO
Sept 11 (Reuters) - Transit tech firm Via Transportation VIA.N, along with some existing investors, raised $492.9 million in its U.S. initial public offering on Thursday, becoming the latest company to join the rebound in activity for fresh flotations in September.Reuters
3 hours ago
China aims to nearly double battery storage by 2027 in $35 billion plan
BEIJING, Sept 12 (Reuters) - China is looking to almost double its so-called new energy storage capacity to 180 gigawatts (GW) by 2027, according to an industry plan announced by authorities on Friday. The plan, released by the state planner, National Development and Reform Commission, and the energ...Reuters
4 hours ago
Vietnam to exempt Mitsubishi, Kepco, other coal power plant operators from global tax, document shows
Finance ministry proposes to ease exemptions for other big firmsImmediate waivers to cut tax revenues by at least $425 millionInvestment-reliant Hanoi fears reputation impact from global taxGlobal top-up tax of 15% is meant to reduce tax avoidanceBy Francesco Guarascio and Khanh Vu HANOI, Sept 12...Reuters
4 hours ago
GRAINS-Soybeans, corn, wheat set for weekly gains ahead of USDA report
BEIJING, Sept 12 (Reuters) - Chicago soybeans, corn and wheat were on track for weekly gains on Friday as traders adjusted positions ahead of a key U.S. supply and demand report.FUNDAMENTALS* As of 0114 GMT, the most active soybean contract on the Chicago Board of Trade (CBOT) Sv1 added 0.17% to $10...Reuters
5 hours ago
WTI declines below $62.00 on weak demand, oversupply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.80 during the early Asian trading hours on Friday. The WTI declines amid concerns over possible softening of US demand and broad oversupply risks.Fxstreet
5 hours ago
Oil prices extend losses on oversupply, US demand concerns
IEA expects oversupply to increase with OPEC output boostUS consumer prices rise, Fed likely to cut ratesBy Sam Li and Lewis Jackson Sept 12 (Reuters) - Oil prices edged lower on Friday after big falls in the last session over concerns about possible softening of U.S. demand and broad oversupply ...Reuters
5 hours ago
PRECIOUS-Gold set for fourth weekly rise as US data lifts rate-cut hopes
Sept 12 (Reuters) - Gold prices rose on Friday and were headed for a fourth consecutive weekly gain, as fears of a weakening U.S. labour market eclipsed inflation concerns ahead of an expected Federal Reserve rate cut next week.FUNDAMENTALS* Spot gold XAU= rose 0.1% to $3,637.06 per ounce as of 0059...Reuters
5 hours ago
Cafe chain Black Rock Coffee Bar raises $294 million in US IPO
Sept 11 (Reuters) - Black Rock Coffee Bar has raised $294.1 million in its U.S. initial public offering, the cafe chain said on Thursday, setting the stage for a closely-watched consumer listing in the aftermath of the tariff turmoil.The Scottsdale, Arizona-based company sold about 14.7 million shar...Reuters
5 hours ago
