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Energy: Prices off to a strong start – ING
The oil market is off to a strong start in 2025 with ICE Brent trading above $76/bbl. This is despite the oil balance for 2025 looking comfortable. The strength in the market appears to be on the back of a stronger physical market in the Middle East.Fxstreet
Mon, Jan 6
Gold falls as focus shifts to US data for economic cues
Jan 6 (Reuters) - Gold prices dipped on Monday on profit-booking after gaining last week, while investors awaited a slew of U.S. economic data including the December nonfarm payrolls report for further guidance on the Federal Reserve's stance on interest rates.
METALS-Most base metals trade lower as firmer US dollar weighs
Updates prices and adds quoteBy Violet Li and Mei Mei Chu SHANGHAI, Jan 6 (Reuters) - Most base metals traded lower on Monday, pressured by a strong U.S. dollar and potential cues from U.S. economic data, although optimism from China's policy meeting last week helped limit the losses.China's ...Reuters
Mon, Jan 6
UPDATE 1-Goldman Sachs pushes back $3,000/troy ounce gold forecast to Q2 2026
Adds details and background after paragraph 1 Jan 6 (Reuters) - Goldman Sachs pushed back its gold price forecast of $3,000 per troy ounce from December 2025 to the second quarter of 2026, citing expectations of fewer U.S. Federal Reserve rate cuts in 2025."Specifically, our U.S. economists now e...Reuters
Mon, Jan 6
UPDATE 4-Nippon Steel could face growth challenges after U.S. Steel purchase blocked, analysts say
Nippon Steel shares fall 0.75%, down less than Japan's Topix indexBiden's opposition to deal was well-flagged before rejectionShares could rise in near-term as financing concerns removed -analystsUpdates stock prices in paragraph 4, adds details, comments from paragraphs 15-sBy Noriyuki Hirata, Yuka...Reuters
Mon, Jan 6
BRIEF-Saudi Arabia Sets Feb Arab Light Crude Oil OSP to US at Plus $3.50/bbl
Jan 6 (Reuters) - SAUDI ARAMCO:SAUDI ARABIA SETS FEBRUARY ARAB LIGHT CRUDE OIL OSP TO NW EUROPE AT PLUS $0.05/BBL TO ICE BRENT SETTLEMENT- ARAMCOSAUDI ARABIA SETS FEBRUARY ARAB LIGHT CRUDE OIL OSP TO UNITED STATES AT PLUS $3.50/BBL VERSUS ASCI- ARAMCORELATED: Saudi Arabia raises Arab Light February ...Reuters
Mon, Jan 6
GRAINS-Chicago soybeans, corn reverse Friday's losses on dry Argentine weather
Updates at 0540 GMT BEIJING, Jan 6 (Reuters) - Chicago soybean and corn futures gained on Monday, recouping losses from the previous session, as dry weather in key exporter Argentina impacted crop growth and raised supply concerns.The most-active soybean contract Sv1 on the Chicago Board of Trade...Reuters
Mon, Jan 6
TECHNICALS-CBOT soybeans may retest support at $9.89-1/4
For more technical analyses, please click TECH/CSINGAPORE, Jan 6 (Reuters) - The CBOT soybean March contract SH25 may retest support at $9.89-1/4 per bushel, following its failure to break resistance at $10.14-3/4.The failure suggests a false break above a falling trendline. Due to this false break,...Reuters
Mon, Jan 6
RPT-US plans more sanctions on tankers carrying Russian oil, sources say
Repeats earlier story for wider readership with no change to textBy Timothy Gardner and Nidhi Verma WASHINGTON/NEW DELHI, Jan 5 (Reuters) - The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carryin...Reuters
Mon, Jan 6
METALS-Most base metals trade lower as firmer dollar weighs
Recasts paragraph 1 and updates pricesBy Violet Li and Mei Mei Chu SHANGHAI, Jan 6 (Reuters) - Base metal prices traded mostly lower on Monday, pressured by a strong dollar and potential cues from U.S. economic data, although optimism from China's policy meeting last week helped limit the losses....Reuters
Mon, Jan 6
US plans more sanctions on tankers carrying Russian oil, sources say
By Timothy Gardner and Nidhi Verma WASHINGTON/NEW DELHI, Jan 5 (Reuters) - The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, two sources with knowledge of the matter said on...Reuters
Mon, Jan 6
UPDATE 3-Nippon Steel could face growth challenges after U.S. Steel purchase blocked, analysts say
Nippon Steel shares fall 0.5%, down less than Japan's Topix indexBiden's opposition to deal was well-flagged before rejectionShares could rise in near-term as financing concerns removed -analystsRecasts, updates shares, adds analyst comments in paragraph 5, 7, 12-14By Noriyuki Hirata and Yuka Obayas...Reuters
Mon, Jan 6
GRAINS-Chicago soybeans, corn climb on Argentina weather concerns
BEIJING, Jan 6 (Reuters) - Chicago soybean and corn futures rose on Monday, supported by concerns over dryness in key exporter Argentina hurting the growth of crops, while wheat also edged higher.FUNDAMENTALS* The most-active soybean contract Sv1 on the Chicago Board of Trade (CBOT) was up 1.29% atReuters
Mon, Jan 6
METALS-Base metals mixed; dollar hinges on US economic data
By Violet Li and Mei Mei Chu SHANGHAI, Jan 6 (Reuters) - Base metals were mixed on Monday, trading in a narrow range, influenced by the optimism stemming from China's policy meeting last Friday, but the potential for gains was tempered by a robust U.S. dollar awaiting directional cues from U.S. e...Reuters
Mon, Jan 6
UPDATE 1-Winter storm hits central US, barrels toward Washington
Adds conditions in Kansas and Missouri, school closures, paragraphs 5-7Jan 5 (Reuters) - A winter storm brought snow, ice and freezing temperatures to a broad swath of the U.S. on Sunday, with some 60 million people across more than a dozen states from Kansas to New Jersey under winter weather warni...Reuters
Mon, Jan 6
UPDATE 2-Nippon Steel shares down after US government blocks U.S. Steel purchase
Recasts with share price movement, adds news conference plan and other details TOKYO, Jan 6 (Reuters) - Shares in Nippon Steel 5401.T fell more than 1% on Monday after U.S. President Joe Biden blocked its proposed $14.9 billion acquisition of U.S. Steel X.N, dampening growth prospects for Japan's...Reuters
Mon, Jan 6
Oil hovers at highest since Oct on cold weather, China stimulus
By Florence Tan SINGAPORE, Jan 6 (Reuters) - Oil prices hovered at their highest since October on Monday as investors eyed the impact on global fuel demand from colder weather in the Northern Hemisphere and Beijing's economic stimulus measures.Brent crude futures LCOc1 rose 15 cents, or 0.2%, to ...Reuters
Mon, Jan 6
PRECIOUS-Gold steady as investors await US economic data
Jan 6 (Reuters) - Gold prices held steady on Monday as investors awaited a slew of U.S. economic data due out this week for guidance on the Federal Reserve's interest rate stance.FUNDAMENTALS* Spot gold XAU= was steady at $2,639.56 per ounce, as of 0034 GMT. U.S. gold futures GCcv1 fell 0.1% to $2,6Reuters
Mon, Jan 6