News
Important Only
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.23 per barrel, down from Wednesday’s close at $63.50.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.14 after its previous daily close at $67.41.
Fxstreet
18 minutes ago
RPT-ANALYSIS-EU-US policy divide on Russian oil sales to India to hit October trade
Sanctions coordination is weaker under Trump admin, analyst saysEU and UK revised price cap lower, U.S. declined supportPrice cap is still relevant, EU official saysEU envoy in Washington for talks on Russia sanctionsBy Robert Harvey, Julia Payne and Nidhi Verma LONDON/BRUSSELS/NEW DELHI, Sept 10...Reuters
20 minutes ago
COLUMN-Europe succumbs to US ‘energy dominance’ at its own risk: Bousso
US presses Europe to cut Russian energy purchasesInterior secretary says US can replace Russian gas volumesBut that would increase US share of EU's LNG imports to over 70%By Ron Bousso MILAN, Sept 11 (Reuters) - It may appear quite audacious for the world's largest natural gas producer to...Reuters
20 minutes ago
WTI Price Forecast: Retreats from one-week high; $63.00 holds the key for bullish traders
West Texas Intermediate (WTI) US Crude Oil prices drift lower during the Asian session on Thursday and for now, seem to have snapped a three-day winning streak to a one-week high, around the $63.75-$63.80 region, touched the previous day.Fxstreet
57 minutes ago
Elliott says Kansai Electric can become more attractive by selling non-core assets
Elliott takes between 4% and 5% stake in Kansai Electric, source says Wants Kansai Electric to sell non-core assets, boost shareholder returns Kansai Electric shares up 3.1% in Tokyo, outperforming wider marketBy Katya Golubkova TOKYO, Sept 11 (Reuters) - Activist investor Elliott Management, a s...Reuters
an hour ago
COLUMN-China's rare cut to power pollution offset by higher US emissions: Maguire
By Gavin MaguireLITTLETON, Colorado, Sept 11 (Reuters) - It's been said that there's little point in other countries cutting back on pollution while China keeps building new coal plants and lifts its own emissions ever higher.But so far in 2025 China's power sector has managed a rare dec...Reuters
an hour ago
BREAKINGVIEWS-Oil boom conceals a green energy jackpot
By Robert Cyran NEW YORK, Sept 11 (Reuters Breakingviews) - The fracking boom has already delivered one titanic surprise, making the United States the world’s largest oil producer in recent years. Long considered an environmental villain, this technology may have one more unexpected twist in stor...Reuters
an hour ago
COLUMN-Crude oil to be driven longer-term by supply-demand mismatch, geopolitics: Russell
By Clyde RussellSINGAPORE, Sept 11 (Reuters) - The global crude oil market is facing two long-term fundamental shifts that will change how cargoes flow around the world and how they are priced.The first factor is a supply and demand issue, with the vast majority of demand growth concentrated in Asia...Reuters
2 hours ago
Oil prices edge lower on concerns about weak US demand, oversupply
Oil prices cool from previous session on weak US demandCurrent Middle East tensions, Russia's war on Ukraine pose no immediate supply risks Oversupply risks seen as OPEC+ to add more productionBy Katya Golubkova TOKYO, Sept 11 (Reuters) - Oil prices retreated a tad on Thursday on weak demand ...Reuters
2 hours ago
TECHNICALS-CBOT soybeans may fall toward $10.13 to $10.16-1/2 range
For more technical analyses, please click SINGAPORE, Sept 11 (Reuters) - The CBOT soybean November contract SX25 may break support at $10.22 per bushel and fall toward $10.13 to $10.16-1/2 range.A wedge has been confirmed as a bearish continuation pattern, suggesting a target of $10.13. It formed a ...Reuters
2 hours ago
METALS-London copper dips on potentially sluggish peak season, Fed rate-cut hopes cap losses
By Lucas Liew Sept 11 (Reuters) - Copper prices on the LME slipped in early Asian trade, weighed by potentially lackluster demand, though expectations of a U.S. interest rate cuts capped losses.Three-month copper on the London Metal Exchange CMCU3 dipped 0.25% to $9,988 per metric ton by 0223 GM...Reuters
3 hours ago
PRESS DIGEST-British Business - September 11
Sept 11 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Oracle ORCL.N will launch "Oracle AI database", a cloud infrastructure service, next month ...Reuters
4 hours ago
Oil prices flat amid weak US demand, softening economy
By Katya Golubkova TOKYO, Sept 11 (Reuters) - Oil prices were flat on Thursday, cooling from the previous session as weak demand in the United States and broad oversupply risks countered concern over attacks in the Middle East and Russia's war in Ukraine. Brent crude futures LCOc1 were up 1 c...Reuters
4 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Sept 11 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$67.33/$66.79res $67.86/$68.52Palm oil (3rd mth)4,381/4,343 ringgitres 4,427/4,444/4,468 ringgitWTI* (1st mth)$63.16res $64.29/$64.60/$64.96Spot gold$3,623/$3,591res $3...Reuters
5 hours ago
PBF Reports Unplanned Flaring Due To Malfunction At Torrance, California Refinery
Sept 10 (Reuters) - PBF Energy Inc PBF.N:REPORTS UNPLANNED FLARE EVENT DUE TO MECHANICAL/ELECTRICAL MALFUNCTION AT TORRANCE, CALIFORNIA REFINERYREFINERY CAPACITY: 160,000 BARRELS PER DAYSOURCE: SOUTH COAST AIR QUALITY MANAGEMENT DISTRICT FILINGReuters
5 hours ago
Gold Price Forecast: XAU/USD gains momentum to near $3,650, eyes on US CPI release
The Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday. The precious metal edges higher on expectations of a US Federal Reserve (Fed) interest rate cut, a weaker US Dollar (USD) and global geopolitical risks.Fxstreet
6 hours ago
Barrick to sell its Canada's Hemlo mine for up to $1.1 billion
Sept 10 (Reuters) - Barrick Mining ABX.TO has agreed to sell its Hemlo gold mine in Canada to Carcetti Capital for up to $1.09 billion, the companies said on Wednesday.The deal includes $875 million in cash at closing, $50 million in shares of Carcetti, and up to $165 million in contingent payments ...Reuters
6 hours ago
