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METALS-Copper strides to five-month peak on hopes for US rate cuts
By Eric Onstad LONDON, Sept 12 (Reuters) - Copper prices hit their highest in more than five months on Friday, fuelled by investor expectations of U.S. interest rate cuts and concern over possible supply shortages.Three-month copper CMCU3 on the London Metal Exchange gained 0.5% to $10,097 per me...Reuters
6 minutes ago
Oil prices steady as oversupply expectations offset risks to output
IEA expects oversupply to increase with OPEC+ output boostPrices supported by Chinese buying and war risksBrent and WTI benchmarks fell sharply in previous sessionBy Seher Dareen Sept 12 (Reuters) - Oil prices steadied on Friday as concern about oversupply and weaker U.S. demand were offset by su...Reuters
27 minutes ago
Obamacare tax credits draw bipartisan support ahead of US government shutdown deadline
Bipartisan push to extend healthcare tax credits before end of yearPotential to be addressed in September 30 government funding debateNo funding deal yet By Bo EricksonWASHINGTON, Sept 12 (Reuters) - An unlikely alliance of Republicans and Democrats in the U.S. Congress is pushing to address expirin...Reuters
52 minutes ago
WRAPUP 1-Poland says Russian drone incursions could not have been a mistake, contradicting Trump
Trump says drone incursions could have been a mistake Poland says incursions were a deliberate Russian attackUN Security Council set to meet Russia and Belarus hold joint military exercisesBy Barbara Erling and Pawel Florkiewicz WARSAW, Sept 12 (Reuters) - Poland flatly rejected on Friday a sugge...Reuters
an hour ago
US Gas stocks rise 71Bcf, above forecasts – ING
EIA data showed US natural Gas inventories increased by 71Bcf last week, exceeding expectations and the seasonal norm. Elevated stock levels and muted demand pushed Henry Hub prices lower in early trading, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
an hour ago
UBS gold price target raised to $3,800/oz by end-2025
Sept 12 (Reuters) - UBS raised its gold price forecast on Friday by $300 to $3,800 per ounce by the end of 2025, and by $200 to $3,900 by mid-2026, citing anticipated Federal Reserve easing and U.S. dollar weakness linked to rate cuts and geopolitical risks.The Swiss bank also revised its estimate f...Reuters
an hour ago
GASTECH-Swiss trader MET Group seeks US LNG to grow portfolio, Southeast Asia sales
By Emily Chow and Marwa Rashad MILAN, Sept 12 (Reuters) - Switzerland-based energy trader MET Group is looking to expand its liquefied natural gas (LNG) portfolio by securing more new supply from the United States that it can use as it builds its presence in Asia, its chief executive said."We...Reuters
2 hours ago
EU could phase out Russian oil and gas faster, US energy secretary says
BRUSSELS, Sept 12 (Reuters) - The European Union could phase out Russian oil and gas faster, adding that would be helpful in ending the war in Ukraine, U.S. Energy Secretary Chris Wright said on Friday.Speaking at an event in Brussels organised by the Centre for European Policy Studies think-tank, W...Reuters
2 hours ago
France demands release of citizens held in Iran after Tehran floats prisoner swap
PARIS, Sept 12 (Reuters) - France reiterated its demands on Friday for the immediate, unconditional release of three French citizens held in Iran, declining to comment on a possible prisoner swap mentioned this week by the Iranian foreign minister.Iran has been holding Cecile Kohler and her partner ...Reuters
2 hours ago
EU aluminium producers push for 30% scrap export levy
EU aluminium scrap exports hit record last yearTrump tariffs have increased Asian demand, industry body saysScrap is vital to sector's decarbonisation strategyBRUSSELS, Sept 12 (Reuters) - The European Union's aluminium sector is urging the European Commission to impose duties of around 30% ...Reuters
2 hours ago
Norway sovereign wealth fund excludes Eramet from portfolio on ethics grounds
OSLO, Sept 12 (Reuters) - Norway's sovereign wealth fund has excluded French mining group Eramet ERMT.PA from its portfolio, a spokesperson for Norges Bank Investment Management (NBIM) said on Friday.The fund held a 0.44% stake in Eramet worth $6.8 million as of June 30, according to fund data.T...Reuters
3 hours ago
METALS-Copper set for weekly gain on supply shortage, softer dollar
By Lucas Liew Sept 12 (Reuters) - Copper futures were headed for a weekly rise on Friday, buoyed by a global shortage of copper concentrate and a weakening U.S. dollar.Three-month copper on the London Metal Exchange CMCU3 rose 0.6% to $10,112 per metric ton by 0709 GMT and is poised to end the w...Reuters
3 hours ago
TECHNICALS-CBOT soybeans may retrace into $10.22 to $10.25-1/2 range
For more technical analyses, please click SINGAPORE, Sept 12 (Reuters) - The CBOT soybean November contract SX25 may retrace into $10.22 to $10.25-1/2 per bushel range, as it failed to break resistance at $10.36-3/4.The failure suggests the development of a Double Three pattern, which consists of tw...Reuters
4 hours ago
Australian critical minerals companies head for Washington
Australia aims to be key supplier for Western allies' supply chainTrip comes as US builds up domestic defence, battery industriesDelegation will not include Australia's trade or resources ministers MELBOURNE, Sept 12 (Reuters) - More than 20 Australian critical minerals companies includ...Reuters
4 hours ago
Australia gives North West Shelf gas plant final approval to run until 2070
Government imposes 48 new rules to protect nearby ancient rock artCritics say decision will set back climate actionPlant and its LNG to generate 4.3 bln tons of carbon emissions By Christine Chen SYDNEY, Sept 12 (Reuters) - Australia gave final approval on Friday for Woodside WDS.AX to operate th...Reuters
4 hours ago
TABLE-North Sea gas maintenance schedule: Revises Kristin outage
Sept 12 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTA...Reuters
4 hours ago
France demands unconditional release of its nationals held in Iran
PARIS, Sept 12 (Reuters) - Outgoing foreign minister Jean-Noel Barrot said on Friday that France was demanding the "immediate" and "unconditional" release of its three citizens held in Iran. Barrot told France Inter radio he would not comment on his Iranian counterpart's comm...Reuters
4 hours ago
PRECIOUS-Gold set for fourth weekly gain on soft US data, Fed rate outlook
US CPI increases 0.4% in AugustInitial jobless claims jump to 263,000 last weekGold has gained 1.9% so far this weekSilver, platinum, palladium set for weekly gainBy Anmol Choubey Sept 12 (Reuters) - Gold prices rose on Friday and were set for a fourth consecutive weekly gain, as mounting concern...Reuters
4 hours ago
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.63 per barrel, down from Thursday’s close at $62.02.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.68 after its previous daily close at $66.08.
Fxstreet
5 hours ago
