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Gold Price Eyes $5,200 Mark, JPMorgan and Other Institutions Remain Firmly Bullish
TradingKey - At 8:00 PM ET, gold prices (XAUUSD) closed at $5,190/oz, eyeing a breakthrough of the $5,200 level. Prices stabilized within the $5,100–$5,200/oz range following JPMorgan’s (JPM) upward revision of its long-term gold price forecast on Wednesday.
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an hour ago
Aramco halts Juaymah LPG exports after propane, butane delivery system damage
By Trixie Yap, Shariq Khan and Maha El DahanNEW YORK, Feb 25 (Reuters) - Saudi Aramco 2222.SE halted Liquefied Petroleum Gas (LPG) exports from its Juaymah terminal in eastern Saudi Arabia this week after a part of the delivery system carrying propane and butane was structurally damaged, the company...Reuters
7 minutes ago
GRAINS-Soybeans rise to three-month high on strong demand, wheat under pressure
SINGAPORE, Feb 26 (Reuters) - Chicago soybean futures rose on Thursday to their highest in more than three months, as brisk U.S. domestic demand and expectations of renewed Chinese purchases underpinned the market.Wheat was little changed after closing lower on Wednesday, pressured by abundant globa...Reuters
10 minutes ago
Citgo Corpus Christi, Tx, Refinery East Plant Reports Planned Startup Following Maintenance Activity
Feb 26 (Reuters) - CITGO [RIC:RIC:PDVSA.UL]:REPORTS PLANNED STARTUP OF CITGO EAST FCCU FOLLOWING MAINTENANCE ACTIVITY AT CITGO CORPUS CHRISTI, TEXAS, REFINERY EAST PLANT REPORTS EXCESS OPACITY OCCURRED DURING STARTUP AT CITGO CORPUS CHRISTI, TEXAS, REFINERY EAST PLANTREPORTS IT FOLLOWED FCCU STARTUP...Reuters
18 minutes ago
Oil climbs as US-Iran tensions keep supply risks in focus
U.S.-Iran nuclear talks aim to avert military conflictSaudi Arabia boosts oil production amid potential U.S.-Iran conflictU.S. crude inventories rise by 16 million barrels, capping oil price gainsBy Yuka Obayashi TOKYO, Feb 26 (Reuters) - Oil prices climbed on Thursday, hovering near seven-month ...Reuters
26 minutes ago
Citgo Corpus Christi, Texas, Refinery East Plant Reports Maintenance Activity
Feb 26 (Reuters) - CITGO PDVSAC.UL:REPORTS PLANNED SHUTDOWN OF CITGO EAST FCCU FOR MAINTENANCE ACTIVITY AT CORPUS CHRISTI, TEXAS, REFINERY EAST PLANT REPORTS EMISSION FROM NO. 2 FCCU REGENERATOR/ESP AT CORPUS CHRISTI, TEXAS, REFINERY EAST PLANT REPORTS IT FOLLOWED FCCU SHUTDOWN PROCEDURES, WHICH IN...Reuters
29 minutes ago
PRECIOUS-Gold gains on softer dollar; Iran-US talks in focus
Feb 26 (Reuters) - Gold prices edged higher on Thursday, buoyed by a softer dollar and safe-haven demand fuelled by uncertainty surrounding U.S. tariff policy and U.S.-Iran talks. FUNDAMENTALSSpot gold XAU= was up 0.3% at $5,184.43 per ounce by 0110 GMT. Bullion hit a more than three-week...Reuters
45 minutes ago
CIF/FOB Gulf Grain-Soy, corn basis bids mixed amid elevated barge rates, biofuel demand optimism
CHICAGO, Feb 25 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals were mixed on Wednesday, as barge freight rates stayed high and traders anticipated export demand from China.Chicago Board of Trade soybean futures Sv1 set a three-month high on Wednesday, buoy...Reuters
2 hours ago
US to allow resale of Venezuelan oil to Cuba, Treasury says
Venezuela, Mexico have not recently sent oil to CubaTrading houses export, store millions of barrels of Venezuelan oilTransactions involving Cuban military, government institutions not coveredRubio says Cuba's government to be blamed for humanitarian crisisBy Marianna Parraga and Simon Lewis ...Reuters
2 hours ago
APA beats quarterly profit estimates as lower costs offset weak prices, output
Feb 25 (Reuters) - Oil and gas company APA APA.O beat fourth-quarter profit estimates on Wednesday, helped by lower operating costs, which offset the impact from weaker commodity prices and a drop in production.Global crude oil prices have been pressured by growing worries of a glut and the increasi...Reuters
3 hours ago
Gold gains above $5,150 as US tariff uncertainty drive demand, eyes on US-Iran talks
Gold price (XAU/USD) trades with mild gains near $5,165 during the early Asian session on Thursday. The rally of the precious metal is bolstered by escalating geopolitical tensions between the United States (US) and Iran and ongoing uncertainty regarding US tariff policies.Fxstreet
3 hours ago
Nvidia Expects To Increase Capital Expenditures In Fiscal Year 2027 Relative To Fiscal Year 2026
Feb 25 (Reuters) - NVIDIA Corp NVDA.O:NVIDIA CORP: EXPECT TO INCREASE CAPITAL EXPENDITURES IN FISCAL YEAR 2027 RELATIVE TO FISCAL YEAR 2026 TO SUPPORT THE FUTURE GROWTH OF OUR BUSINESSNVIDIA CORP: WE ARE FINALIZING AN INVESTMENT AND PARTNERSHIP AGREEMENT WITH OPENAI, NO ASSURANCE WE WILL ENTER INTO ...Reuters
3 hours ago
LIVESTOCK-CME hog futures climb to two-week high as market continues recovery
By Tom Polansek CHICAGO, Feb 25 (Reuters) - Chicago Mercantile Exchange lean hog futures touched their highest level in more than two weeks on Wednesday as the market continued to recover from a steep slide this month.Fund buying supported gains after profit taking and long liquidation recently p...Reuters
3 hours ago
White House to host Big Tech after pledge to rein in power costs
Meeting with Microsoft, Meta, Anthropic slated for March 4Pledge expected to build on prior Microsoft commitments Trump says told Big Tech they must build own power plantsBy Jarrett Renshaw and Laila Kearney Feb 25 (Reuters) - The White House said on Wednesday it will host leading data center and...Reuters
3 hours ago
US Plains HRW Wheat-Basis bids unchanged, protein premiums rise
CHICAGO, Feb 25 (Reuters) - Basis bids for hard red winter wheat were steady in a spot check of locations in the U.S. Plains on Wednesday, as futures fell. An active rain pattern by late next week should provide some relief to U.S. Plains and Midwest wheat, according to Commodity Weather Group. Mean...Reuters
4 hours ago
APA reports fall in fourth-quarter profit
Feb 25 (Reuters) - Oil and gas company APA APA.O reported a fall in fourth-quarter profit on Wednesday, hurt by lower oil prices and a fall in production.The company reported a net income of $279 million, or 79 cents per share, for the quarter ended December 31, compared with $354 million, or 96 cen...Reuters
5 hours ago
CME Group reopens Globex metals, natural gas trading after brief technical halt
Feb 25 (Reuters) - CME Group CME.O reopened trading in its Globex metals and natural gas futures and options markets on Wednesday after a brief halt due to technical issues. Earlier in the day, the CME Globex Metals and Natural Gas futures and options markets were halted at 12:15 p.m. CT due ...Reuters
5 hours ago
Oil settles little changed, supply worries persist despite large US crude stock build
US-Iran talks could prevent conflict and supply disruption Deal with US hinges on diplomacy, Iranian minister saysU.S. crude stocks rise by 16 million barrels last week, EIA saysBy Arathy Somasekhar HOUSTON, Feb 25 (Reuters) - Oil prices settled largely unchanged on Wednesday as a much larger...Reuters
5 hours ago
