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Oil steadies, Ukraine peace talks and US rate decision in spotlight
Dec 9 (Reuters) - Oil prices steadied on Tuesday after slipping 2% in the previous session, as market participants kept a close eye on peace talks to end Russia’s war in Ukraine and a looming decision on U.S. interest rates. Brent crude futures LCOc1 were down 2 cents, or 0.03%, to $62.47 a barrel a...Reuters
43 minutes ago
LIVESTOCK-Cattle futures retreat on profit-taking after 1-month high
By Julie Ingwersen CHICAGO, Dec 8 (Reuters) - Chicago Mercantile Exchange live cattle futures closed lower on Monday as traders took profits after the benchmark February contract LCG26 notched its highest in nearly a month, analysts said.Still, tight cattle supplies and wintry weather in the U.S....Reuters
an hour ago
US judge rejects Trump administration's halt of wind energy permits
Judge rules Trump's wind project suspension unjustified17 Democratic-led states challenged the suspensionOffshore wind group supports ruling for economic and energy prioritiesBy Nate Raymond and Nichola Groom BOSTON, Dec 8 (Reuters) - A federal judge on Monday ruled that U.S. President Donald...Reuters
2 hours ago
Russian drone attacks cut power in Sumy in northern Ukraine
Dec 9 (Reuters) - Russian drones attacked the northern Ukrainian city of Sumy late on Monday in the second major strike on the city in 24 hours, triggering a power outage, the regional governor said."In the space of half an hour, the Russians launched more than 10 drone strikes on the city,"...Reuters
2 hours ago
Gold Price Forecast: XAU/USD edges lower below $4,200 amid worries about hawkish Fed rate cut
Gold Price (XAU/USD) trades in negative territory around $4,195 during the early Asian session on Tuesday. The precious metal edges lower amid concerns that the US Federal Reserve (Fed) will adopt a hawkish tone in its rhetoric, despite delivering a rate cut on Wednesday.
Fxstreet
2 hours ago
ANALYSIS-Trump fuel economy rollback may make cars cheaper, but higher gas bills will absorb savings
Trump administration vehicle efficiency rule rollback would reduce upfront car costs by $930Upfront car cost savings would evaporate quickly due to fuel, repair costs, analysts sayBy Valerie Volcovici WASHINGTON, Dec 8 (Reuters) - The Trump administration's proposal to roll back Biden-era...Reuters
2 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Dec 9 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$62.18/$61.73res $62.70/$62.89/$63.02Palm oil (3rd month)4,080/4,056 ringgitres 4,107/4,119/4,134 ringgitWTI(1st month)$58.58/$58.02res $59.04/$59.49Spot gold$4,180/$4,156r...Reuters
2 hours ago
Australia's Liontown inks spodumene supply deal with China's Canmax Technologies
Dec 9 (Reuters) - Australia's Liontown LTR.AX said on Tuesday it has signed an offtake deal to supply 150,000 wet metric tons of spodumene concentrate in 2027-2028 from its Kathleen Valley project to Chinese lithium chemicals maker Canmax Technologies 300390.SZ.Pricing will be based on a formula...Reuters
2 hours ago
GRAINS-Soybeans dip below $11 on doubts about demand for US exports
Chinese soybean purchases fall short of U.S. expectationsBrazil's favorable weather boosts soybean crop prospectsTrade awaits Tuesday's monthly USDA supply/demand reportBy Julie Ingwersen CHICAGO, Dec 8 (Reuters) - U.S. soybean futures fell below $11 a bushel on Monday for the first time ...Reuters
2 hours ago
SPECIAL REPORT-M23 rebels entrench their rule in eastern Congo even as Trump claims peace
By David Lewis, Sonia Rolley and Giulia Paravicini GOMA, Democratic Republic of Congo, Dec 8 (Reuters) - Hundreds of men and women sat in rows in a wooden hall listening to the leader of Congo's M23 rebellion at the end of a two-week re-education programme.The rebel chief, Sultani Makenga, as...Reuters
2 hours ago
Trump unveils $12 billion aid package for farmers hit by trade war
$11 billion aid for row crop farmers, $1 billion for other cropsFarmers face higher costs, seek aid for seeds and fertilizerTrump plans to cut farm machinery costs by reducing regulationsBy Nandita Bose, Leah Douglas and Steve Holland WASHINGTON, Dec 8 (Reuters) - U.S. President Donald Trump on M...Reuters
3 hours ago
LNG cool-down vessel arrives at ExxonMobil's Golden Pass plant in Texas
HOUSTON, Dec 8 (Reuters) - In a major step towards producing liquefied natural gas at Exxon Mobil XOM.N and QatarEnergy's 2.4 bcfd Golden Pass LNG export plant in Texas, the Imsaikah LNG vessel has arrived at its port to cool down the plant, LSEG ship tracking data show.The ship is carrying LNG ...Reuters
3 hours ago
US Cash Crude-Grades mixed even as WTI/Brent spread narrows
HOUSTON, Dec 8 (Reuters) - U.S. cash crude grades were mixed on Monday, dealers said, even as the spread between U.S. West Texas Intermediate crude and global benchmark Brent narrowed by its most in 10 days.WTI Midland eased 5 cents, while WTI at East Houston, also known as MEH, was unchanged. Mars ...Reuters
3 hours ago
US judge rejects Trump administration's halt of wind energy permits
Dec 8 (Reuters) - A federal judge on Monday ruled that U.S. President Donald Trump's administration had failed to justify its decision to suspend permitting of new wind projects in keeping with the Republican president's wishes.U.S. District Judge Patti Saris in Boston sided with a group of ...Reuters
3 hours ago
CIF/FOB Gulf Grain-Corn barge basis bids firm, soybean bids ease lower
CHICAGO, Dec 8 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals turned lower on Monday on continued uncertainty over Chinese export demand, while corn basis bids firmed, market sources said.Chicago Board of Trade soybean futures fell below $11 a bushel on Monday for ...Reuters
3 hours ago
CANADA-CRUDE-Discount on Western Canada Select widens again
Dec 8 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened again on Monday.WCS for January delivery in Hardisty, Alberta, settled at $13.15 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $12.95 ...Reuters
4 hours ago
Kinder Morgan expects higher 2026 profit on strong natural gas demand
Dec 8 (Reuters) - Pipeline operator Kinder Morgan KMI.N said on Monday it expects growth in 2026 profit compared with the 2025 forecast on the back of strong natural gas demand.Shares of the company were up 1% at $27.57 in after-market trading.A rise in LNG exports and a surge in power consumption f...Reuters
4 hours ago
Putin clears deals with Rosneft and Shell's joint-venture stake in Caspian Pipeline Consortium
MOSCOW, Dec 8 (Reuters) - Russian President Vladimir Putin issued a decree on Monday clearing potential deals with Rosneft ROSN.MM and Shell's SHEL.L joint-venture stake in the Caspian Pipeline Consortium, which exports oil mainly from Kazakhstan.The decree said it allowed the deals, which may r...Reuters
4 hours ago
CBOT wheat sags, led by corn and soy; Black Sea tensions eyed
CHICAGO, Dec 8 (Reuters) - Chicago Board of Trade wheat futures inched lower on Monday, led by declines in soybean and corn, while worries about tensions in the Black Sea grain export region underpinned the market, traders said.CBOT March soft red winter wheat WH26 settled down 1 cent at $5.34-3/4 p...Reuters
5 hours ago
