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Oil prices rise 1% as Iran crisis disrupts Middle East supply
Geopolitical factors remain near-term key driver, analyst says U.S. crude stocks up 5.6 million barrels last week, sources sayBy Arathy Somasekhar and Trixie Yap March 4 (Reuters) - Oil prices rose 1% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gai...Reuters
18 minutes ago
GRAINS-CBOT soybeans edge lower on China demand uncertainty, Brazil harvest
BEIJING, March 4 (Reuters) - Chicago soybean futures edged lower on Wednesday, pressured by uncertain Chinese demand and the ongoing harvest in Brazil.The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 lost 0.09% to $11.69-1/2 a bushel by 0400 GMT.The Middle East conflict, mea...Reuters
25 minutes ago
PRECIOUS-Gold climbs over 1% as US-Israeli strikes on Iran fuel safe‑haven demand
Silver, platinum up over 2%Oil, gas prices surge as Middle East energy shipments stallHigher oil prices complicates outlook for monetary easing, analyst saysBy Noel John March 4 (Reuters) - Gold prices rose over 1% on Wednesday, rebounding from a more than one-week low hit in the previous session...Reuters
2 hours ago
Brazil court blocks mineral rights transfer in Equinox-CMOC gold deal
SAO PAULO/BRASILIA, March 3 (Reuters) - A Brazilian court on Tuesday halted the transfer of mineral rights tied to a gold asset sale from Canada's Equinox Gold EQX.TO to Chinese metals miner and processor CMOC 603993.SS, according to a court ruling. In January, Equinox Gold concluded the sale...Reuters
2 hours ago
GRAINS-Soybeans rise on firm crude, but Brazil harvest caps gains
BEIJING, March 4 (Reuters) - Chicago soybean futures edged higher on Wednesday, supported by firmer crude oil prices amid the ongoing Middle East conflict, though gains were limited by uncertain Chinese demand and the ongoing harvest in Brazil.Wheat prices also rose despite improving weather conditi...Reuters
3 hours ago
Oil rises over $1 as Iran crisis disrupts Middle East supply
By Arathy Somasekhar March 4 (Reuters) - Oil prices rose more than $1 on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East output and halted exports from the region.Brent LCOc1 rose $1.11, or 1.4%, to $82.53 a barrel, after closing at its highest since January 2025 on Tuesday. U.S. ...Reuters
3 hours ago
REFILE-UKMTO reports incidents affecting ships near UAE and Oman
March 3 (Reuters) - The United Kingdom Maritime Trade Operations (UKMTO) said it received on Tuesday reports of incidents affecting ships near the United Arab Emirates and Oman.The Royal Navy-operated UKMTO said the master of a vessel located 7 nautical miles (12.96 km) east of UAE's Fujairah re...Reuters
3 hours ago
TECHNICALS-US oil eyes $77.98; Middle East war to last a few weeks
For more technical analyses, click SINGAPORE, March 4 (Reuters) - U.S. oil CLc1 may revisit its previous session's high of $77.98 per barrel, as suggested by its wave pattern and a projection analysis.The contract is riding on wave 5, which is capable of travelling to the peak of the wave 3 at $...Reuters
3 hours ago
PRECIOUS-Gold climbs 1% as U.S.-Israeli strikes on Iran fuel safe‑haven demand
March 4 (Reuters) - Gold prices rose 1% on Wednesday, rebounding from a more than one-week low hit in the previous session, as escalating U.S.-Israeli air strikes against Iran heightened geopolitical uncertainty and supported safe-haven demand.FUNDAMENTALSSpot gold XAU= gained 1% to $5,138.46 per ou...Reuters
3 hours ago
WTI jumps to near $74.50 on Middle East conflict, Strait of Hormuz closure threatens oil supply
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.50 during the early Asian trading hours on Wednesday. The WTI jumps to its highest since June 2025 as a widening conflict between the US, Israel, and Iran severely disrupts global energy supplies.
Fxstreet
4 hours ago
UK Maritime Trade Operations receives a report of an incident east of UAE's Fujairah
March 4 (Reuters) - The United Kingdom Maritime Trade Operations said it received a report of an incident 7 nautical miles east of Fujairah in the United Arab Emirates.The master of a vessel reported that it was struck by an unknown projectile causing damage to the steel plating, UKMTO said. The cre...Reuters
4 hours ago
Gold falls to near $5,100 as inflation fears weigh amidst Middle East conflict
Gold price (XAU/USD) faces some selling pressure near $5,100 during the early Asian session on Wednesday. The precious metal falls amid a renewed US Dollar (USD) demand and dimming prospects for US rate cuts.Fxstreet
4 hours ago
Investors, US crude producers scramble to lock in oil price spike
HOUSTON, March 3 (Reuters) - Investors rushed to lock in a spike in oil prices this week, resulting in a record volume of energy futures and options contracts changing hands on Monday, the first trading day after Israel and the U.S. bombed Iran and Tehran retaliated.Reuters
4 hours ago
US has destroyed 17 ships and hit almost 2,000 targets in Iran, military says
March 3 (Reuters) - The U.S. military has destroyed 17 Iranian ships, including a submarine, and struck nearly 2,000 targets in Iran, the commander of the U.S. Central Command said on Tuesday."Today, there is not a single Iranian ship underway in the Arabian Gulf, Strait of Hormuz, or Gulf of Om...Reuters
4 hours ago
Canada advocates buyers' alliance to tackle critical minerals supply concentration
Canada proposes production alliance instead of price floors for critical mineralsG7 countries aim to counter China's dominance in rare earthsCanada signs 30 deals for C$12.6 billion in mining investmentsBy Divya Rajagopal TORONTO, March 3 (Reuters) - Canada believes that the best way to addr...Reuters
5 hours ago
UK self-driving startup Oxa raises $103mln to scale up at ports, airports
By Nick Carey LONDON, March 4 (Reuters) - British self-driving startup Oxa has raised $103 million from investors to scale up autonomous vehicle operations focused on ports, airports, warehouses and other industrial applications, it said on Wednesday.Oxa, based in Oxford, central England, said th...Reuters
5 hours ago
WRAPUP 3-Global oil and gas prices soar as Iran crisis disrupts shipping, production
Hormuz shut for fourth day, five tankers hitUS gasoline prices rise above $3/gallonBessent, Wright to announce US plans to mitigate oil spikeIraq cuts oil production Saudi Aramco seeks alternative routesBy Yousef Saba and Ahmed Elimam LONDON, March 3 (Reuters) - Global oil and gas prices jumped o...Reuters
5 hours ago
Platts to consider alternative routes for Middle East freight assessments as Iran crisis disrupts shipping
HOUSTON, March 3 (Reuters) - S&P Global Platts said it will consider alternative routes for Middle East freight assessments, citing shipping disruptions from the U.S.-Israeli war on Iran. The war has halted energy exports from the Middle East, with Tehran attacking ships and energy facilities. I...Reuters
5 hours ago
Facebook largely back up after brief outage in the US, Downdetector shows
March 3 (Reuters) - Meta Platforms' META.O Facebook was largely back up after an outage that affected thousands of users in the U.S. on Tuesday, according to Downdetector.com.At its peak, there were more than 11,000 reports of issues with the social media platform in the U.S., before coming down...Reuters
5 hours ago
