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Gold retreats from two-week high as strong US NFP tempers March Fed rate cut bets
Gold (XAU/USD) edges lower during the Asian session on Thursday and reverses part of the previous day's positive move to a nearly two-week high. The commodity, however, lacks follow-through selling and currently trades just above the $5,050 level, down less than 0.50% for the day, amid mixed cues.
Fxstreet
28 minutes ago
GRAINS-Soybeans extend gains on Brazil weather concerns, China demand optimism
BEIJING, Feb 12 (Reuters) - Chicago soybean futures climbed on Thursday, as weather concerns in Brazil and hopes for continued Chinese demand for U.S. supplies supported prices.Wheat and corn also edged higher. The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 rose 1% to $11....Reuters
35 minutes ago
TECHNICALS-US oil may retrace to $63.95
For more technical analyses, click SINGAPORE, Feb 12 (Reuters) - U.S. oil CLc1 may retrace to $63.95 per barrel, as it failed to break a resistance at $65.72.The failure suggests the completion of a wave c from $62.20. Further indication of the completion comes from the division of this wave into fi...Reuters
39 minutes ago
US pushes for Venezuela investment, energy secretary warns about legitimacy of Chinese deals
Secretary Wright sees need for debt restructuring, but will not happen 'overnight'Wright met Venezuelan interim President Delcy Rodriguez, executivesUS sees 'dramatic increase' in oil, gas and power output in Venezuela this yearVisit follows Maduro's capture, $2 billion oil suppl...Reuters
an hour ago
PRESS DIGEST-Financial Times - February 12
Feb 12 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.HeadlinesElliott Management builds stake in London Stock Exchange GroupUK space start-up Orbex collapses as takeover talks break downTotal may be ...Reuters
an hour ago
GRAINS-Chicago Soybeans extend gains on China buying hopes
BEIJING, Feb 12 (Reuters) - Chicago soybean futures extended a three-day rally on Thursday, as hopes for continued Chinese demand for U.S. supplies supported prices. Wheat and corn gained. FUNDAMENTALSThe most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 rose 1% to $11.33...Reuters
2 hours ago
US trying to avoid "damaging" Chinese deals in Venezuela, energy secretary says
CARACAS, Feb 11 (Reuters) - U.S. Energy Secretary Chris Wright said during a trip to Venezuela on Wednesday legitimate deals by legitimate Chinese companies will be fine in Venezuela, but the Trump administration is trying to avoid "damaging" deals that Chinese firms have done in other count...Reuters
2 hours ago
LIVESTOCK-Cattle futures climb on bullish US jobs data; hogs end lower
By Julie Ingwersen CHICAGO, Feb 11 (Reuters) - Live cattle futures on the Chicago Mercantile Exchange rose on Wednesday on expectations for higher cash cattle trades this week and strong U.S. jobs data that could support consumer demand for beef, analysts said.Tight U.S. cattle supplies continued...Reuters
2 hours ago
Oil prices rise on concerns about US-Iran tensions
BEIJING, Feb 12 (Reuters) - Oil prices edged up on Thursday morning as investors worried about escalating tensions between the U.S. and Iran.Brent crude oil futures LCOc1 were up 34 cents, or 0.49%, at $69.74 a barrel at 0126 GMT. U.S. West Texas Intermediate crude CLc1 rose 37 cents, or 0.57%, to $...Reuters
2 hours ago
Gold posts modest gains above $5,050 as US-Iran tensions persist despite strong labor data
Gold price (XAU/USD) trades in positive territory near $5,060 during the early Asian session on Thursday. The precious metal edges higher despite stronger-than-expected US employment data. The release of the US Consumer Price Index (CPI) inflation report will take center stage later on Friday.Fxstreet
4 hours ago
CIF/FOB Gulf Grain-Soybean basis bids steady-weak on farmer sales, weaker freight
CHICAGO, Feb 11 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were flat to lower on Wednesday on easing freight rates and as a pickup in farmer sales to river elevators increased supplies available to exporters, traders said.Chicago Board of Trade soybeans Sv1 clo...Reuters
5 hours ago
CORRECTED-CBOT corn ends mixed, anchored by ample world grain supplies
CHICAGO, Feb 11 (Reuters) - Chicago Board of Trade corn futures ended narrowly mixed on Wednesday amid a lack of market-moving news, with the most-active March contract weighed down by ample global grain supplies while deferred contracts inched higher, traders said. CBOT March corn CH26 settled down...Reuters
5 hours ago
GRAINS-Soybeans end higher as traders weigh China demand; wheat rises
By Julie Ingwersen CHICAGO, Feb 11 (Reuters) - Chicago soybean futures closed higher on Wednesday, rallying from early declines on technical buying and continued hopes of stronger Chinese demand for U.S. supplies, analysts said.Wheat jumped 1.7% on what appeared to be short-covering, while corn f...Reuters
5 hours ago
SM Energy is seeking buyers for Eagle Ford natural gas assets, sources say
By Shariq KhanNEW YORK, Feb 11 (Reuters) - SM Energy SM.N has launched the sales process for some of its natural gas-producing assets in the Eagle Ford shale basin of South Texas as it looks to trim debt following its near $13 billion merger with Civitas, three sources familiar with the matter said....Reuters
5 hours ago
CANADA-CRUDE-Discount on Western Canada Select widens
Feb 11 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened on Wednesday.WCS for March delivery in Hardisty, Alberta, settled at $15.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with...Reuters
5 hours ago
Ameren beats quarterly profit estimates on higher electricity rates
Feb 11 (Reuters) - Utility company Ameren Corp AEE.N narrowly beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by higher electricity rates and stronger retail sales in its Missouri unit, sending its shares up over 3% in extended trading.Utilities aim to shift higher grid-mod...Reuters
5 hours ago
Trump directs Energy Department to issue funds to keep coal plants online
By Valerie Volcovici and Trevor HunnicuttWASHINGTON, Feb 11 (Reuters) - President Donald Trump on Wednesday ordered the Defense Department to purchase electricity from coal-fired power plants in his latest effort to boost the coal sector. The move, which was announced at the White House as an execut...Reuters
6 hours ago
Marathon shuts oil refinery in Catlettsburg, Kentucky, due to power interruption
By Nicole JaoNEW YORK, Feb 11 (Reuters) - Marathon Petroleum MPC.N shut its refinery in Catlettsburg, Kentucky, due to a brief power supply interruption on Tuesday evening, industry monitor IIR Energy said on Wednesday.The facility remained offline on Wednesday, IIR Energy said in a note. "As a ...Reuters
6 hours ago
