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WTI Price Forecast: Retakes $95.00 amid supply concerns and bullish technical setup
West Texas Intermediate (WTI) Crude Oil prices regain some positive traction during the Asian session on Tuesday and recover a part of the previous day's retracement slide from the vicinity of the $100.00 psychological mark.
Fxstreet
8 minutes ago
India File: Cooking gas crunch hits home
March 17 - By Nidhi C Sai, Editor Online Production, with global Reuters staffWar in the Middle East is straining supply of a fuel that has become indispensable to millions of Indian homes, laying bare how deep an impact geopolitics can now have on everyday lives anywhere in the world.This week, Ind...Reuters
22 minutes ago
UAE suspends Shah gas field operations after drone attack
CAIRO, March 17 (Reuters) - Operations at the United Arab Emirates' Shah gas field remained suspended on Tuesday following a drone attack, while a fresh attack caused a fire in the Fujairah Oil Industry Zone. No injuries were reported in either incident, the local media offices said. ...Reuters
45 minutes ago
Rubio, South Korea's Cho agree Strait of Hormuz key to global economy, Seoul says
South Korea among countries called on by U.S. President Trump to join naval operation in Strait of HormuzForeign Minister Cho declines to reveal discussions with U.S.South Korea operates one of the world's top naval fleetsBy Jack Kim and Kyu-seok Shim SEOUL, March 17 (Reuters) - U.S. Secretar...Reuters
47 minutes ago
Thailand seeking to buy crude oil from Russia, minister says
BANGKOK, March 17 (Reuters) - Thailand has discussed with the Russian government the possibility of purchasing crude oil, a deputy prime minister said on Tuesday.Phiphat Ratchakitprakarn said Thailand's foreign minister raised the issue at a meeting in Europe on Monday and it was understood nego...Reuters
58 minutes ago
METALS-Aluminium rises on Guinea quota fears, oil caps gains
March 17 (Reuters) - Aluminium rose on Tuesday as Guinea considered imposing bauxite export quotas, stoking feedstock supply concerns amid Middle East conflict-driven disruptions, though gains were capped by growth fears fuelled by rising oil.The most-active aluminium contract SAFcv1 added 0.14% to ...Reuters
an hour ago
TECHNICALS-CBOT corn may test resistance at $4.60-3/4
SINGAPORE, March 17 (Reuters) - CBOT corn CK26 may test a resistance at $4.60-3/4 per bushel, a break above which could lead to a gain to $4.64-1/4.The contract seems to be consolidating within a triangle. Following its failure to break the support at $4.52-1/2, it bounced toward the upper trendline...Reuters
an hour ago
GRAINS-Soybeans rise 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 climbed more ...Reuters
an hour ago
PRECIOUS-Gold firms as investors assess Middle East fallout ahead of policy decisions
Iran's Araqchi says Strait of Hormuz is only closed to 'enemies'Several allies decline US call to escort shipping in HormuzFed expected to hold rates steady in policy meeting this weekBy Noel John March 17 (Reuters) - Gold prices edged higher on Tuesday, buoyed by easing fears of prol...Reuters
an hour ago
TECHNICALS-CBOT soybeans may revisit Monday low of $11.45-1/4
For more technical analyses, please click SINGAPORE, March 17 (Reuters) - The CBOT soybean May contract SK26 may revisit its Monday low of $11.45-1/4 per bushel, as suggested by its wave pattern.The market is riding on a wave 3, which consists of five small waves. The small wave iv drove the bounce ...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
2 hours 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
2 hours 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
2 hours 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
3 hours ago
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
3 hours 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
3 hours 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
3 hours 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
3 hours ago
