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US-Iran-Israel Tensions, International Crude Oil Prices Surge in Early Trading
TradingKey - At 8:30 AM Beijing Time, international crude oil prices surged, with WTI crude futures breaking above $95 per barrel and Brent crude futures climbing to $102 per barrel. Intraday gains expanded to 1.4%, as geopolitical tensions served as the primary driver for the upward movement in oil prices.
TradingKey
an hour ago
Gold Steady as Investors Await Central Bank Decisions, Weigh Mideast Risks
March 17 (Reuters) - Gold prices were largely steady on Tuesday as investors stayed on the sidelines, weighing the economic fallout from the conflict in the Middle East ahead of a slew of central bank policy decisions this week.
Reuters
an hour ago
Hong Kong to see oil shocks and volatility from Middle East war
HONG KONG, March 17 (Reuters) - Hong Kong's leader John Lee said he was "very concerned" about the rise in oil prices due to the U.S.-Israeli war on Iran and that the financial hub, along with the rest of Asia, would see shocks and volatility due to the disruption of supply and oil price...Reuters
19 minutes ago
Projectile hits tanker off UAE's Fujairah, UKMTO says
March 17 (Reuters) - An unknown projectile struck a tanker 23 nautical miles east of Fujairah in the United Arab Emirates causing minor structural damage, the United Kingdom Maritime Trade Operations (UKMTO) said on Tuesday. There were no injuries reported to the crew, the agency said in an advi...Reuters
33 minutes ago
BREAKINGVIEWS-US refinery bet will grease Reliance's pumps
By Shritama Bose MUMBAI, March 17 (Reuters Breakingviews) - Mukesh Ambani is getting his hands greasy. His $200 billion Reliance Industries RELI.NS will invest in a new refinery in Texas, America's first in 50 years, Donald Trump said last week. The Indian conglomerate has stumbled in its pas...Reuters
36 minutes ago
GRAINS-US soy rises after biggest drop since 2023 on potential Trump-Xi meeting delay
Beijing, March 17 (Reuters) - Chicago soybean futures climbed on Tuesday after hitting their biggest daily drop since 2023 in the previous session, as the market responded to a potential delay to U.S. President Donald Trump's meeting with Chinese President Xi Jinping.Wheat and corn also climbed ...Reuters
an hour ago
Hong Kong leader says he's very concerned about rise in oil prices
HONG KONG, March 17 (Reuters) - Hong Kong's leader John Lee said he was "very concerned" about a rise in oil prices due to the U.S.-Israeli war on Iran and said authorities will ensure a stable supply of oil and combat illegal oil imports into the financial hub from mainland China.Reuters
an hour ago
South Korea to decide about any Strait of Hormuz deployment under law, constitution, says minister
SEOUL, March 17 (Reuters) - South Korea’s government will make any decision on deploying military forces to the Strait of Hormuz in accordance with domestic law and the constitution, Foreign Minister Cho Hyun said on Tuesday.Reuters
an hour ago
South Korea's Lee calls for diplomatic push on finding more energy sources
SEOUL, March 17 (Reuters) - South Korean President Lee Jae Myung said on Tuesday that the worst-case scenario on energy must be considered in case the Middle East crisis is prolonged, and called for diplomatic efforts to be focused on finding stable alternative energy sources. Lee said South Korea s...Reuters
2 hours ago
Oil gains over 2% as market weighs Iran war supply risks
Brent, WTI climb on supply concernsUAE crude output drops by half with Strait of Hormuz mostly shutAllies rebuff US calls to help tankers transit the strait March 17 (Reuters) - Oil prices rose more than 2% in early trade on Tuesday, reversing some of the previous session's losses, on worries...Reuters
2 hours ago
US Average Diesel Prices Cross $5 a Gallon as Middle East War Tests Global Economy
NEW YORK, March 16 (Reuters) - U.S. average retail diesel prices crossed $5 a gallon for only the second time ever on Monday as the war in the Middle East squeezes supplies of the industrial fuel, according to fuel markets tracker GasBuddy.Reuters
3 hours ago
US Cash Grains-Soybean basis steady-weaker; corn bids mixed
CHICAGO, March 16 (Reuters) - Basis bids for soybeans were steady to lower in the U.S. Midwest on Monday, adding to steep declines in Chicago Board of Trade soybean futures, while corn basis bids were mixed, spot checks showed.Cash sales of both commodities slowed as CBOT soy, corn, and wheat future...Reuters
3 hours ago
Australia, EU signal progress in trade negotiations
SYDNEY, March 17 (Reuters) - Australian Trade Minister Don Farrell said on Tuesday he had "a productive call" overnight with European Union Trade Commissioner Maros Sefcovic, signalling progress in trade talks as both sides work toward a long-awaited agreement."I am confident we can do a...Reuters
3 hours ago
Rio Tinto gains control of Resolution Copper acreage after years-long court fight
Rio Tinto gains control of copper-rich acreage in ArizonaResolution to spend $500 million on new drilling Project has support of President Donald TrumpSupreme Court has not stepped in to block By Ernest Scheyder March 16 (Reuters) - Rio Tinto RIO.L said on Monday it has gained control of acreage ...Reuters
4 hours ago
LIVESTOCK-CME feeder cattle climb as CBOT corn futures fall
CHICAGO, March 16 (Reuters) - Chicago Mercantile Exchange feeder cattle futures were sharply higher on Monday as corn futures on the Chicago Board of Trade took a dive, according to Don Roose, president of U.S. Commodities. Most active Chicago corn Cv1 fell alongside soybean and wheat futures, as U....Reuters
4 hours ago
Cannabis shows little benefit for most mental disorders, data review finds
Medical cannabis use is growing in US, Canada and AustraliaCannabidiol and THC may help with cannabis use disorder, Tourette's ticsAnalysis includes results from 54 trials published over 45-year period By Sriparna RoyMarch 16 (Reuters) - Cannabis-based medicines have shown little evidence of eff...Reuters
4 hours ago
Gold drifts lower to near $5,000 as Fed rate-cut hopes fade
Gold price (XAU/USD) trades with mild losses near $5,000 during the early Asian session on Tuesday. The precious metal extends the decline as hopes fade for the US Federal Reserve (Fed) to lower interest rates this year. All eyes will be on the Fed interest rate decision later on Wednesday.
Fxstreet
4 hours ago
US Plains HRW Wheat-Basis flat as wheat futures dip, dry weather in focus
CHICAGO, March 16 (Reuters) - Basis bids for hard red winter (HRW) wheat held steady in the U.S. Plains on Monday while a retreat in K.C. HRW wheat futures KWK26 discouraged farmer grain sales after an uptick in cash sales last week.Protein premiums for railcar wheat to or through Kansas City were u...Reuters
4 hours ago
