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#Commodities News (3rd Party)

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Oil rises as outages balance trade dispute, OPEC

LONDON (Reuters) – Oil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts between the United States and other major economies. Bench... More »

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Europe claws higher after China enters bear territory

LONDON (Reuters) – Modest gains from Europe’s main bourses relieved nervy investors on Tuesday, after the latest escalation in an increasingly global trade storm pummeled Wall Street and sent China into ‘bear’ market territory. A 0.3 percent rise from the FTSE... More »

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Oil down as U.S. supply grows, OPEC considers higher output

LONDON (Reuters) – Oil prices fell on Monday as U.S. production hit a record high and OPEC members considered boosting supply. Benchmark Brent crude oil LCOc1 lost $1.26 a barrel, or 1.6 percent, to a low of $75.53 before recovering to $75.89, down 90 cents, b... More »

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Shares fall on Italian turmoil, euro near 6-1/2 month lows

SYDNEY (Reuters) – Asian shares fell on Tuesday and the euro hovered near 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North Korea and a retreat in oil prices from recent highs supported sentiment. MSCI’s broadest... More »

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Businesses turn up heat on Mexican government over crime surge

MEXICO CITY (Reuters) – Mexican business leaders called out the government on Monday over a recent wave of criminal activity that has terrorized large swaths of Latin America’s second-largest economy and led some prominent firms to cut back operations. Two of ... More »

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Oil hits multi-week lows on fears of growing supplies

LONDON (Reuters) – Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains showed no sign of slowing. Brent crude futures LCOc1 stood at $75.32 a barrel at 1805 GMT, down $1.12 from the previo... More »

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Italian concerns knock stocks, euro off early highs

LONDON (Reuters) – European stocks gave up early gains and bond yields recovered from lows as early elections loomed in Italy after the anti-establishment 5-Star and League parties abandoned plans to form a government. European stocks were a mixed bag, after A... More »

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New Zealand to spend $600 million to eradicate cattle disease

WELLINGTON (Reuters) – New Zealand, the world’s biggest dairy exporter, will spend more than NZ$880 million ($610 million) in a bid to eradicate the mycoplasma bovis cattle disease, Prime Minister Jacinda Ardern said on Monday. About 126,000 cows are expected ... More »

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Oil rises as U.S. says trade war with China is ‘on hold’

LONDON (Reuters) – Oil rose on Monday, lifted by a rally across stocks and other commodities, after the United States said it had put a possible trade war with China “on hold”. Brent crude futures were up 35 cents at $78.86 a barrel at 0845 GMT, having hit a h... More »

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Stocks, oil and dollar rise as trade war put ‘on hold’

LONDON (Reuters) – Stocks, oil prices and the dollar were on the rise on Monday after the U.S.-China trade war was declared “on hold” while in Europe, Italy’s borrowing costs climbed and the Milan bourse fell as two anti-establishment parties got closer to pow... More »

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Asia stocks pull back after soft China data- oil higher

TOKYO (Reuters) – Asian stocks pulled back on Tuesday, brushing off a firmer lead from Wall Street, as investors turned cautious after soft Chinese economic data and awaited fresh developments on U.S.-China trade talks and North Korea. Crude oil prices held ne... More »

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Asia shares mostly higher, U.S. crude powers past $70

SYDNEY (Reuters) – Most Asia markets firmed on Monday after a tame reading on U.S. wages lessened the risk of faster rate hikes by the Federal Reserve, although Sino-U.S. trade tensions and a looming deadline for an Iranian nuclear deal lurked in the backgroun... More »

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China vows to open up more futures markets as iron ore goes…

DALIAN/MANILA (Reuters) – China plans to open more of its futures contracts to foreign investors, a senior official said on Friday, as Beijing launched its “internationalised” iron ore contract as part of a bid to boost its sway over pricing of major commodity... More »

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Asia stocks ease, dollar off highs before U.S. payrolls

SINGAPORE (Reuters) – Asian shares stepped back on Friday while the dollar ran into some profit-taking after a strong week of gains as financial markets turned their attention to looming U.S. payrolls data for fresh catalysts. Investors were cautious after a l... More »

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World stocks set for positive April as big ticket M&As return

SYDNEY (Reuters) – World stocks are set to notch up a positive month for the first time since January, as a slew of positive earnings from U.S. technology firms and marquee M&A deals help soothe memories of February tremors. A seemingly successful Korean summi... More »

Asian stocks rise after U.S. tech shares bounce

SINGAPORE (Reuters) – Asian shares rose on Friday after U.S. equities were buoyed by a rebound in technology stocks, while markets in Seoul were underpinned by optimism as leaders of North and South Korea held their first summit in over a decade. MSCI’s broade... More »

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Stocks stumble as U.S. yields near the 3 percent barrier

LONDON (Reuters) – World stocks slipped on Monday ahead of a blizzard of earnings from the world’s biggest firms and as wary investors watched U.S. bond yields approach peaks that have triggered market spasms in the past. The yield on 10-year U.S. Treasuries U... More »

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Oil dips as rising U.S. yields steer bulls

LONDON (Reuters) – Oil eased on Monday on rising U.S. borrowing costs and the prospect of further output rises after another increase in the weekly rig count, although the overall picture for crude remained bullish. Brent crude futures were down 49 cents at $7... More »

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Oil recoup some Syria-related losses- focus switches to Iran

LONDON (Reuters) – Oil recovered some ground on Monday, but prices were still down on the day as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend. The United States, France and Britain launched... More »

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Trump to lift legal threat to states that permit marijuana use

WASHINGTON (Reuters) – President Donald Trump will lift his administration’s plans for a possible crackdown on states that have legalized marijuana after talks with a Colorado senator, the White House said on Friday, an action that undercuts U.S. Attorney Gene... More »

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Trade war backfire: Steel tariff shrapnel hits U.S. farmers

KANE COUNTY, Ill. (Reuters) – Lucas Strom, who runs a century-old family farm in rural Illinois, canceled an order to buy a new $71,000 grain storage bin last month – after the seller raised the price 5 percent in a day. The reason: steel prices jumped right a... More »

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U.S. to export pork to Argentina under new rules after 26 years

WASHINGTON (Reuters) – U.S. pork will be imported into Argentina for the first time since 1992 under newly finalized technical and safety rules, the U.S. Department of Agriculture (USDA) and U.S. Trade Representative’s (USTR) office said on Friday. The technic... More »

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Stocks jump as Xi calms jitters over U.S.-China trade row

SINGAPORE (Reuters) – U.S stock futures rallied, Asian equities bounced and the safe haven yen fell on Tuesday, as Chinese President Xi Jinping promised to lower import tariffs on products including cars, helping soothe investor jitters over an escalating U.S.... More »

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Oil prices rise on hopes U.S. trade spat with China may ease

SINGAPORE (Reuters) – Oil markets rose for a second day on Tuesday, with Brent rising above $69 per barrel on hopes a trade dispute between the United States and China, the world’s two biggest crude consumers, may be resolved without greater damage to the glob... More »

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U.S. investors retreat from stock funds for third week: Lipper

NEW YORK (Reuters) – U.S. fund investors pulled back from the stock market for a third straight week, withdrawing $11.6 billion in cash in the week ended Wednesday, in the face of a potential full-blown trade war between the United States and China, Lipper dat... More »

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Saudi Arabia seen cutting May crude prices to Asia: survey

SINGAPORE (Reuters) – Top oil exporter Saudi Arabia is expected to cut prices for all crude grades it sells to Asia in May to reflect weaker prices for its Middle East benchmark Dubai crude, trade sources said on Monday. The official selling price (OSP) for fl... More »

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Asia stocks start new quarter on front foot, dollar steady

TOKYO (Reuters) – Asian stocks began the new quarter on Monday with modest gains following a strong performance by global equities last week, while the dollar held steady ahead of key economic indicators. MSCI’s broadest index of Asia-Pacific shares outside Ja... More »

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Oil stumbles as U.S. supply growth offsets OPEC optimism

LONDON (Reuters) – Brent oil lingered below this week’s highs on Thursday, as optimism over OPEC’s commitment to controlling its output was partly offset by another rise in U.S. inventories. The oil price touched $71 a barrel on Tuesday, near its high for the ... More »

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Russian billionaire Potanin buys 2 percent of Nornickel from…

MOSCOW (Reuters) – Russian billionaire Vladimir Potanin’s Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2 percent stake in Norilsk Nickel, which has been the subject of a legal battle. Abramovich struck a provisiona... More »

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Bangladesh plane carrying 71 people crashes in Nepal

Wreckage of an airplane is pictured as rescue workers operate at Kathmandu airport, Nepal March 12, 2018. REUTERS/ Navesh Chitrakar KATHMANDU (Reuters) – A Bangladeshi aircraft carrying 67 passengers and four crew crashed on Monday while coming in to land at t... More »

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Rescue workers pull bodies out of plane wreckage in Nepal

KATHMANDU, (Reuters) – Rescue workers recovered badly burnt bodies from the wreckage of a Bangladeshi aircraft that crashed while coming in to land at Nepal’s Kathmandu airport on Monday, a Reuters witness said. There were 71 people on board the plane and 17 h... More »

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World stocks bask in U.S. jobs data glow

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 7, 2018. REUTERS/Staff/Remote LONDON (Reuters) – World stocks surged to a two-week high on Monday after strong U.S. jobs data at the end of last week helped tak... More »

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Tariff tantrum hits U.S. stock funds in latest week

NEW YORK (Reuters) – U.S. fund investors pulled $9.8 billion from stocks during the latest week, Lipper data showed on Thursday, halting the investments’ budding momentum after February’s selloff. The withdrawals, recorded during the seven days through March 7... More »

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Markets clear German hurdle, Italy up next

Traders work at Frankfurt’s stock exchange in Frankfurt, Germany, February 6, 2018. Picture taken with a fisheye lens. REUTERS/Ralph Orlowski LONDON (Reuters) – The revival of Germany’s grand coalition should aid stability and keep the euro zone’s plans for ti... More »

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Asian stocks tumble as Trump sparks global trade war fears

Investors look at computer screens showing stock information at a brokerage house in Shanghai, China February 9, 2018. REUTERS/Aly Song TOKYO (Reuters) – Stock markets in Asia extended Wall Street’s overnight rout on Friday, with investors spooked by the spect... More »

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U.S. fund investors creep back in to market: Lipper

NEW YORK (Reuters) – U.S. fund investors inched back in to the markets during the most recent week, putting $2.5 billion into bonds and $1.1 billion into stocks, Lipper data showed on Thursday. Yet wounded investors were reluctant to wade back in to their home... More »

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Asian shares extend global recovery as volatility subsides

TOKYO (Reuters) – Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that was sparked by fears of creeping inflation and higher borrowing costs. MSCI’s broadest index of Asia-Pacif... More »

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Oil hits highest in nearly two weeks on Asian equity recovery

TOKYO (Reuters) – Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and as worries grew over tensions in the Middle East. Prime Minister Benjamin Netanyahu said... More »

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Global stocks set for best week in six years, dollar sags

FILE PHOTO: Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany February 28, 2017. REUTERS/Staff/Remote/File Photo LONDON (Reuters) – World shares were set for their best week of gains in... More »

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Oil near one-week high on weak dollar, stocks rally

FILE PHOTO – Pump jacks drill for oil in the Monterey Shale, California, U.S. on April 29, 2013. REUTERS/Lucy Nicholson/File Photo LONDON/TOKYO (Reuters) – Oil prices gained on Friday as the dollar slipped to a three-year low and global stocks headed for their... More »

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Stocks try a tentative bounce, bonds fret on U.S. inflation

A visitor is seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai SYDNEY (Reuters) – Asian share markets found a semblance of calm on Monday as S&P futures extended their ... More »

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Oil prices rise 1 percent as stocks markets steady

FILE PHOTO: An offshore oil platform is seen in Huntington Beach, California, U.S., September 28, 2014. REUTERS/Lucy Nicholson/File Photo SINGAPORE (Reuters) – Oil prices rose by 1 percent on Monday, recovering at least some of last week’s steep losses as Asia... More »

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Stocks punished as inflation shadow spooks bonds

A man walks past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan February 5, 2018. REUTERS/Toru Hanai SYDNEY (Reuters) – Asian shares fell the most in over a year on Monday as fears of resurgent inflation battered bonds, ... More »

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Oil prices fall amid market sell off, Brent near one-month low

FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. Picture taken May 3, 2017. REUTERS/Ernest Scheyder/File Photo TOKYO (Reuters) – Oil prices on Monday extended declines from the end of last week amid a wid... More »

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Texas shale challenges North Sea crude as world oil benchmark

FILE PHOTO: Workers hired by U.S. oil and gas company Apache Corp drill a horizontal well in the Wolfcamp Shale in west Texas Permian Basin near the town of Mertzon, Texas, U.S., October 29, 2013. REUTERS/Terry Wade/File Photo NEW YORK (Reuters) – Surging shal... More »

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U.S. fund investors ‘buy the dip’ in stock, bond markets

NEW YORK (Reuters) – U.S. fund investors cashed out of cash funds and stocked up on stocks in the latest week, ignoring a setback in markets and taking on more risk, Lipper data showed on Thursday. Relatively low-risk money-market funds recorded $26 billion in... More »

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Goldman loses more commodities traders in broader overhaul

NEW YORK (Reuters) – Several key commodities traders are leaving Goldman Sachs Group Inc, sources said on Wednesday, the latest wrinkle as the Wall Street firm seeks to turn around its struggling commodities unit. Those leaving include Don Casturo, operating c... More »

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Asia shares extend bull run, dollar crawls off lows

Asian shares extended their bull run on Monday amid upbeat corporate earnings and strong global economic growth, while the dollar tried to bounce even as the White House continued to complain of "unfair" trade practices by competitors. More »

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World stocks set for 10th straight week of gains, euro jumps

Pedestrians walk past an electronic board displaying the Nikkei average outside a brokerage in Tokyo, Japan January 4, 2018. REUTERS/Kim Kyung-Hoon LONDON (Reuters) – World stocks were set for their 10th straight week of gains on Friday, while the euro jumped ... More »

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U.S. tech stock funds attract most cash since 2000: Lipper

NEW YORK (Reuters) – U.S. technology stock funds took in more cash in the week ended Jan. 24 than in any week since the turn-of-the-century bubble, Lipper said on Thursday, offering further evidence that investors’ wariness about markets has given way to exube... More »

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Exclusive: Commodities fund Jamison Capital to shut – source

NEW YORK/LONDON (Reuters) – Jamison Capital Partners LP, a New York-based macro commodity hedge fund run by former Morgan Stanley trader Stephen Jamison, will shut its nearly $1.5 billion fund by the end of the month, according to a source familiar and an inve... More »

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Euro hits three-year high as Europe leads global optimism

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, January 10, 2018. REUTERS/Staff/Remote LONDON (Reuters) – The euro hit a fresh three-year high on Monday as optimism around growth buoys expectations of tighter polic... More »

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Oil retreats from $70 highs but set for fourth week of gains

FILE PHOTO: An offshore oil platform is seen in Huntington Beach, California, U.S. September 28, 2014. REUTERS/Lucy Nicholson/File Photo LONDON (Reuters) – Oil prices fell on Friday after hitting a three-year high of more than $70 a barrel the previous day, bu... More »

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Euro soars to three-year high, stocks shatter records

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, January 11, 2018. REUTERS/Staff/Remote LONDON (Reuters) – Record high world stocks headed for an eighth straight week of gains on Friday, while the euro sailed to a t... More »

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New Zealand to test dairy farms nationally for cattle disease

WELLINGTON (Reuters) – New Zealand will roll out a nationwide program to test dairy farms for the cattle disease mycoplasma bovis as the number of affected properties steadily grows, the Ministry for Primary Industries said on Friday. Fourteen farms in the wor... More »

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Asian shares step back from 2007 peak, oil at three-year high

Men exchange greetings in front of an electronic board displaying the Nikkei average outside a brokerage in Tokyo, Japan January 4, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Asian shares flinched from testing their 2007 record peak on Wednesday, as invest... More »

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U.S. grain companies fear harm from new tax law

FILE PHOTO: An early wheat crop in the Central Valley in Davis, California, U.S., May 1, 2017. REUTERS/Hyungwon Kang – File Photo CHICAGO (Reuters) – The new U.S. tax law is poised to drive more control over the nation’s grain supply to farmer-owned cooperativ... More »

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U.S. crude hits three-year high as prices climb in tight market

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma, U.S., September 15, 2015. REUTERS/Nick Oxford/File Photo NEW YORK (Reuters) – Oil prices edged higher on Tuesday, with U.S. crude touching its hig... More »

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Rising tide in U.S. markets helps bonds, global stocks

NEW YORK (Reuters) – Investors sitting on U.S. stock returns need a place to put the money, and the big winners are international markets and high-rated debt issuers from corporations to governments. U.S. fund investors pulled $8.4 billion from stocks and funn... More »