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TECHNICALS-US oil may retest support at $66.16
For more technical analyses, click SINGAPORE, Feb 24 (Reuters) - U.S. oil CLc1 may retest a support at $66.16 per barrel, a break below which may trigger a fall to $65.23.A bearish divergence formed on the hourly RSI, signalling the exhaustion of the uptrend and a forthcoming correction, which could...Reuters
12 minutes ago
Saudi Aramco sells first Jafurah condensate cargoes to US firms, India, sources say
By Florence Tan and Siyi Liu SINGAPORE, Feb 23 (Reuters) - State energy major Saudi Aramco 2222.SE has sold several cargoes of ultra light crude oil from its $100 billion Jafurah gas plant to U.S. majors and an Indian refiner as it prepares to export its first cargo later this month, four trade s...Reuters
an hour ago
Panama terminates CK Hutchison canal port contracts, Maersk, MSC to take over temporarily
Panama officially cancels CK Hutchison's port contracts after court rulingPanama Maritime Authority ensures uninterrupted port operations during transitionRuling seen as a win for U.S. amid China trade route rivalry PANAMA CITY, Feb 23 (Reuters) - Panama on Monday published in its official ga...Reuters
an hour ago
PRECIOUS-Gold falls from three-week high as dollar firms
Feb 24 (Reuters) - Gold prices fell from a more than three-week high on Tuesday, as pressure from a stronger dollar outweighed support from U.S. tariff uncertainty and Washington-Tehran tensions. FUNDAMENTALSSpot gold XAU= fell 1.5% to $5,150.38 per ounce by 0125 GMT after hitting a more ...Reuters
an hour ago
US Chemical Safety Board faults Pemex in 2024 fatal accident
By Erwin SebaHOUSTON, Feb 23 (Reuters) - The lack of a standard system for correctly identifying idled equipment at Pemex's Deer Park, Texas, refinery led to a poison gas release that killed two workers, the U.S. Chemical Safety and Hazard Investigation Board (CSB) said in a report released on M...Reuters
2 hours ago
Oil hovers below seven-month high as traders eye U.S.–Iran talks, trade policy
Feb 24 (Reuters) - Oil prices hovered below an almost seven-month high on Tuesday as traders gauged the outlook for U.S.-Iran nuclear talks amid heightened Middle East tensions, while also weighing uncertainty around U.S. trade policy.Brent crude futures LCOc1 eased 9 cents, or 0.1%, to $71.40 a bar...Reuters
2 hours ago
GRAINS-Soybeans rise after losses, US export uncertainty limits upside
SINGAPORE, Feb 24 (Reuters) - Soybeans inched higher on Tuesday as the market rose for the first time in three sessions on bargain-buying, although gains were curbed by uncertainty over U.S. exports following the Supreme Court decision to strike down President Donald Trump's tariffs.Wheat and co...Reuters
2 hours ago
Canada's Cando Rail & Terminals to buy US rail assets of Savage Enterprises
By Nicole JaoNEW YORK, Feb 23 (Reuters) - Canadian railroad contractor Cando Rail & Terminals will buy the U.S. rail assets of Savage Enterprises as it expands its footprint across the U.S., Cando announced on Monday.Financial terms were not disclosed.The transaction gives the Manitoba-based Can...Reuters
2 hours ago
US Cash Grains-Corn basis bids steady to mixed
CHICAGO, Feb 23 (Reuters) - Spot basis bids for corn were steady to mixed at elevators, while soybeans were steady to higher at river terminals around the U.S. Midwest on Monday, according to a spot check of locations. Basis bids for corn rose by 5 cents at an elevator in Blair, Nebraska. They fell ...Reuters
3 hours ago
Brazil to revoke waterway decree after Indigenous protesters occupied Cargill port
SANTAREM/BRASILIA, Feb 23 (Reuters) - Brazil has decided to revoke a decree that would have expanded Amazonian waterways in a federal privatization program, a government official said on Monday, a move that follows the occupation of a Cargill port facility on the Tapajos river by Indigenous protest...Reuters
4 hours ago
Diamondback misses profit estimates as weaker oil prices weigh
By Sumit SahaFeb 23 (Reuters) - Diamondback Energy FANG.O fell short of Wall Street expectations for fourth-quarter profit on Monday, as the U.S. shale producer struggled with weaker oil prices, sending its shares down more than 3% in extended trading.Global crude oil prices have been pressured by g...Reuters
4 hours ago
Storm paralyzes travel, forcing more than 8,000 US flight disruptions
By David Shepardson and Allison Lampert Feb 23 (Reuters) - U.S. airlines are set to add flights on Tuesday, even as they wrestle with thousands of scrubbed flights the day after a powerful Northeast winter storm forced more than 8,000 cancellations and delays. The storm blanketed parts...Reuters
4 hours ago
US Plains HRW Wheat-Basis bids flat as futures dive
CHICAGO, Feb 23 (Reuters) - Basis bids for hard red winter wheat were steady in a spot check of locations in the U.S. Plains on Monday, as futures fell. Precipitation in the coming weeks is expected to bring some relief to the driest quarter of the Southwest Plains wheat crop, according to Commodity...Reuters
4 hours ago
Canada's Cando Rail & Terminals to buy Savage Rail
Feb 23 (Reuters) - Canadian railroad contractor Cando Rail & Terminals will buy U.S. peer Savage Rail as it expands its footprint across the U.S., Cando announced on Monday.The transaction gives the Manitoba-based Cando a significant foothold in the U.S., while it continues to expand its network...Reuters
4 hours ago
Gold climbs above $5,200 on geopolitical tensions, trade uncertainty
Gold price (XAU/USD) jumps to around $5,230 during the early Asian session on Tuesday. The rally of the precious metal is bolstered by heightened geopolitical tensions and global trade uncertainty following US tariff decisions.
Fxstreet
4 hours ago
ONEOK quarterly profit falls as pipeline divestiture impacts gas segment earnings
Feb 23 (Reuters) - U.S. pipeline operator ONEOK OKE.N posted a fall in fourth-quarter profit per share on Monday, hit by a sharp drop in earnings in its natural gas transportation segment linked to the 2024 divestiture of an interstate pipeline network.Shares of the company were down 2.8% in extende...Reuters
4 hours ago
LIVESTOCK-CME cattle fall on concerns meatpackers may pay less
By Tom Polansek CHICAGO, Feb 23 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures tumbled on Monday on expectations that demand may weaken from beef processors that were losing money buying livestock, analysts said.Tight supplies of cattle have sent cash prices soaring...Reuters
5 hours ago
US Cash Crude-Grades rise on first full day of volatile roll trading period
HOUSTON, Feb 23 (Reuters) - Grades rose on Monday, dealers said, on the first full day of the volatile roll trading period. Traders use the three-day roll period to adjust their crude slates, square up positions and net out exposures following the expiration of the U.S. crude futures contract.Prices...Reuters
5 hours ago
GRAINS-Soy, wheat retreat on US trade uncertainty after tariff ruling
Traders worry about US crop exports after Trump raises temporary dutiesSupreme Court struck down Trump's previous tariff programCBOT May soybeans hit November high before ending lowerBy Tom Polansek CHICAGO, Feb 23 (Reuters) - U.S. grain and soybean futures reached multi-month highs on Monday...Reuters
5 hours ago
