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Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $60.29 per barrel, down from Tuesday’s close at $61.01. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.66 after its previous daily close at $64.36.Fxstreet
Wed, Apr 16
Japan's NHK Spring To Reconsider Plans To Cut Auto Parts Production In U.S. In Response To Tariffs, Nikkei Reports
April 16 (Reuters) - NHK Spring Co Ltd 5991.T:JAPAN'S NHK SPRING TO RECONSIDER PLANS TO CUT AUTO PARTS PRODUCTION IN U.S. IN RESPONSE TO TARIFFS, NIKKEI REPORTSSource text: https://www.nikkei.com/article/DGXZQOUC161F00W5A410C2000000/Reuters
Wed, Apr 16
METALS-London copper declines as US-China trade tensions rise
April 16 (Reuters) - London copper prices fell on Wednesday on escalating trade tensions between the U.S. and China, which overshadowed upbeat data from the world's top metals consumer.The benchmark three-month copper CMCU3 on the London Metal Exchange (LME) was down 1.2% to $9,059 a metric ton ...Reuters
Wed, Apr 16
GRAINS-Soybeans slip on tariff woes, ample South American supply
CANBERRA, April 16 (Reuters) - Chicago soybean futures fell for a third session on Wednesday, slipping further from Monday's seven-week high amid strong supply from South America and as tariffs strangle Chinese demand for U.S. beans. Corn and wheat futures also fell despite a renewed weakening o...Reuters
Wed, Apr 16
US softens calls for Ukraine payments on war aid, Bloomberg News reports
April 16 (Reuters) - The United States appears to have tempered demands for Ukraine to pay for aid received during its war with Russia during talks over an economic deal between the two nations, Bloomberg News reported on Wednesday, citing people familiar with the matter. Following a round of negoti...Reuters
Wed, Apr 16
VEGOILS-Palm oil falls for third day on weak rival oils, strong exports limit losses
JAKARTA, April 16 (Reuters) - Malaysian palm oil futures extended losses into a third session on Wednesday, dragged down by lacklustre performances in Chicago soyoil and Dalian vegetable oils, while strong export data and weakness in the ringgit currency limited losses.The benchmark palm oil contrac...Reuters
Wed, Apr 16
PRESS DIGEST-British Business - April 16
April 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Investors have approved a plan by Aviva AV.L to cancel 450 million pounds ($596.30 million) of supposedl...Reuters
Wed, Apr 16
Australia's Woodside hires Mexico Pacific CEO Bairstow for Louisiana LNG project
SINGAPORE, April 16 (Reuters) - Australia's top gas producer Woodside Energy WDS.AX said on Wednesday it had hired Sarah Bairstow, the chief executive of Mexico Pacific, for its Louisiana liquefied natural gas plant in the United States. Bairstow will join Woodside in early May as senior vice pr...Reuters
Wed, Apr 16
Honda to shift production of US-bound 5-door Civic hybrid to Indiana from Japan
TOKYO, April 16 (Reuters) - Honda Motor 7267.T will shift production of its U.S.-bound five-door Civic hybrid model from Japan to Indiana, a company spokesperson said on Wednesday.Production of the model in the Yorii factory, near Tokyo, is likely to end in June or July, the spokesperson said.Reuters
Wed, Apr 16
TECHNICALS-CBOT soybeans to retrace further to $10.16-1/4
For more technical analyses, please click SINGAPORE, April 16 (Reuters) - The CBOT soybean May contract SK25 is likely to retrace further to $10.16-1/4 per bushel, following its failure to break resistance at $10.45-1/2.The resistance is identified as the 61.8% retracement of the downtrend from $10....Reuters
Wed, Apr 16
Silver Price Forecast: XAG/USD edges higher to near $32.50 due to safe-haven demand
Silver price (XAG/USD) is inching higher after recent losses, trading around $32.30 per troy ounce during Wednesday’s Asian session. The uptick comes as lingering uncertainty over US trade policy continues to fuel safe-haven demand for the precious metal.
Fxstreet
Wed, Apr 16
VEGOILS-Palm falls for third day on weakness in Chicago soyoils, Dalian palm oil
JAKARTA, April 16 (Reuters) - Malaysian palm oil futures extended losses into a third straight session on Wednesday, dragged down by lacklustre performances in Chicago soyoil and Dalian palm oil, while weakness in the ringgit currency limited losses.The benchmark palm oil contract FCPOc3 for July de...Reuters
Wed, Apr 16
RUBBER-Japan futures decline as tariff uncertainty weighs on sentiment
TOKYO, April 16 (Reuters) - Japanese rubber futures declined on Wednesday as uncertainty over tariffs imposed by U.S. President Donald Trump and their potential impact on global economic growth and consumption weighed on sentiment.The Osaka Exchange (OSE) rubber contract for September delivery JRU...Reuters
Wed, Apr 16
Rio Tinto posts lowest Q1 iron ore shipments since 2019, tempers forecast
2025 shipments at lower end of forecast after cyclone woesImplementing A$150 million recovery to recoup weather lossesShares down 1.2%, in line with mining sector declineBy Roushni Nair and Melanie Burton April 16 (Reuters) - Rio Tinto RIO.AX, RIO.L on Wednesday reported its lowest first-quarter ...Reuters
Wed, Apr 16
WTI drifts lower below $61.00 amid uncertainty on Trump trade war
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.80 during the early Asian session on Wednesday. The WTI price remains on the defensive as traders continue to assess the latest headlines on US President Donald Trump's tariff.Fxstreet
Wed, Apr 16
GRAINS-Soybeans slip amid tariffs and plentiful South American supply
CANBERRA, April 16 (Reuters) - Chicago soybean futures fell for a third session on Wednesday, slipping further from Monday's seven-week high amid strong supply from South America and as tariffs strangle Chinese demand for U.S. beans. Corn and wheat futures were little changed as the U.S. dollar ...Reuters
Wed, Apr 16
Oil subdued as markets assess effects of trade war
By Yuka Obayashi TOKYO, April 16 (Reuters) - Oil prices were flat early on Wednesday, as shifting U.S. trade policies fuelled uncertainty while markets assessed the potential impact of the U.S.-China trade war on economic growth and energy demand. Brent crude futures LCOc1 rose 5 cents, or...Reuters
Wed, Apr 16
Indonesia to propose $10 billion US energy imports increase in tariff talks
JAKARTA, April 15 (Reuters) - Indonesia will propose increasing its imports of crude oil and liquefied petroleum gas from the United States by around $10 billion as part of its tariff negotiations, energy minister Bahlil Lahadalia told local media on Tuesday.Indonesian officials are set to leave for...Reuters
Wed, Apr 16
US fuel exports to Mexico by land halted by higher scrutiny, sources say
By Shariq Khan NEW YORK, April 15 (Reuters) - The Mexican government has halted U.S. fuel imports sent into the country by road, as it cracks down on illegal deals, three sources familiar with the matter said on Tuesday.Trucks carrying gasoline and diesel to Mexico from the U.S. Gulf Coast refini...Reuters
Wed, Apr 16