News
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Oil heads for weekly gain on China stimulus hopes
LONDON, Dec 27 (Reuters) - Oil prices rose almost 1% on Friday and was on track for a weekly gain, spurred by expectations of a stimulus-driven economic recovery in China, the world's biggest oil importer, and by forecasts of lower U.S. inventories.
Reuters
Fri, Dec 27
Ukraine sends food aid to Syria, says Zelenskiy
KYIV, Dec 27 (Reuters) - Ukraine, a global producer and exporter of grain and oilseeds, has sent its first batch of food aid to Syria, President Volodymyr Zelenskiy said on Friday.Zelenskiy said that 500 metric tons of wheat flour were already on their way to Syria as part of Ukraine's humanitarian...Reuters
Fri, Dec 27
METALS-Copper steady as tight supply counters strong dollar
Updates prices Dec 27 (Reuters) - Copper prices were little changed on Friday, with tightness in concentrate supply offsetting pressure from a firm U.S. dollar, while most other base metals drifted lower. Three-month copper CMCU3 on the London Metal Exchange (LME) steadied at $8,954.00 a metric t...Reuters
Fri, Dec 27
Kremlin says Finland's seizure of ship suspected of cable damage is not an issue for it
MOSCOW, Dec 27 (Reuters) - The Kremlin said on Friday that Finland's boarding of a ship carrying Russian oil on suspicion the vessel caused an outage of the Estlink 2 undersea power cable was not a matter for it. Estonia's armed forces have launched a naval operation to protect the parallel Estlink ...Reuters
Fri, Dec 27
UPDATE 2-Estonia's navy to protect Baltic Sea power link after cable damage
Estonia moves to protect power cable after damage to parallel one Finland seizes ship suspected of damaging Estlink 2 cableBaltic Sea nations on alert for sabotage after cable outagesEstonia deploys patrol ship, seeks NATO support for protectionAdds background on damaged cables in paragraphs 2 and ...Reuters
Fri, Dec 27
UPDATE 3-Oil heads for weekly gain on China stimulus hopes
China to ramp up fiscal support next yearUS crude stocks down 3.2 million barrels, market sources sayStrong dollar caps gainsComing up: EIA supply report on FridayUpdates prices, adds analyst and changes dateline to LONDONBy Alex Lawler LONDON, Dec 27 (Reuters) - Oil rose slightly on Friday and w...Reuters
Fri, Dec 27
UPDATE 1-Estonia's navy to protect Baltic Sea power cable
Adds minister quote in paragraph 3, background in paragraph 3 STOCKHOLM, Dec 27 (Reuters) - Estonia's armed forces have launched a naval operation to protect the Estlink 1 undersea power cable in the Baltic Sea, Foreign Minister Margus Tsahkna said on Friday. Finland on Thursday seized a ship ...Reuters
Fri, Dec 27
Estonia's navy to protect Baltic Sea power cable
STOCKHOLM, Dec 27 (Reuters) - Estonia's armed forces have launched a naval operation to protect the Estlink 1 undersea power cable, Foreign Minister Margus Tsahkna said on Friday. (Reporting by Anna Ringstrom, editing by Terje Solsvik) ((anna.ringstrom@thomsonreuters.com;))Reuters
Fri, Dec 27
UPDATE 2-Oil prices set for weekly gain on China expectations
Updates prices Dec 27 (Reuters) - Oil prices rose slightly on Friday and were on track for a weekly rise, spurred by expectations economic stimulus efforts will prompt a recovery in China, while a stronger dollar capped gains.Brent crude futures LCOc1 rose 14 cents to $73.40 a barrel by 0750 GMT....Reuters
Fri, Dec 27
METALS-Base metals all down barring copper
Update pricesBy Violet Li and Mei Mei Chu SHANGHAI, Dec 27 (Reuters) - All base metal prices dipped on Friday due to the strong dollar exerting pressure, although copper found support from a tightness in concentrate supply. The three-month copper on the London Metal Exchange (LME) CMCU3 rose...Reuters
Fri, Dec 27
Turkey aims to provide power to Syria, collaborate on oil, gas, newspaper says
ISTANBUL, Dec 27 (Reuters) - Turkey aims to provide electricity to Syria and strengthen its power infrastructure, Energy Minister Alparslan Bayraktar was quoted on Friday as saying, adding that Ankara may also work with Syria's new leadership on oil and natural gas.After backing the Syrian rebels wh...Reuters
Fri, Dec 27
UPDATE 1-Oil prices set for weekly gain on China stimulus optimism
Adds details on dollar weighing on gains, updates prices Dec 27 (Reuters) - Oil prices were little changed on Friday but were set for a weekly rise amid optimism that economic stimulus efforts will prompt a recovery in China, but a stronger dollar capped gains.Brent crude futures LCOc1 fell 2 cen...Reuters
Fri, Dec 27
GRAINS-Chicago wheat ticks up on Algeria purchase, tight supply
Updates at 0424 GMT BEIJING, Dec 27 (Reuters) - Chicago wheat gained on Friday, underpinned by a big purchase from Algeria and tight global supply, while soybean eased as a record crop in Brazil weighed on the market. Corn prices also slipped.The most-active wheat contract on the Chicago Board of...Reuters
Fri, Dec 27
METALS-Base metals mixed, copper supported by tight supply
By Violet Li and Mei Mei Chu SHANGHAI, Dec 27 (Reuters) - Base metal prices were mixed on Friday, moving within tight ranges with the strong dollar limiting gains, although copper found support from supply tightness in copper concentrate.The three-month copper on the London Metal Exchange (LME) CReuters
Fri, Dec 27
PRECIOUS-Gold set for weekly rise; eyes on Fed, Trump's 2025 policies
Bullion up 0.3% so far this weekSilver, platinum and palladium on track of weekly gainsIsrael strikes Houthi targets in YemenUpdates with Asia morning tradeBy Daksh Grover Dec 27 (Reuters) - Gold edged lower in light trading on Friday and was poised for a weekly gain, as investors awaited cues on...Reuters
Fri, Dec 27
GRAINS-Chicago wheat firms on Algeria purchase, but logs weekly fall
BEIJING, Dec 27 (Reuters) - Chicago wheat gained on Friday after a big purchase from Algeria, but was set for a weekly decline, while soybean eased as a record crop in Brazil weighed on the market. Corn also slipped.FUNDAMENTALS* The most-active wheat contract on the Chicago Board of Trade Wv1 gaine...Reuters
Fri, Dec 27
Oil prices set for weekly gain on China stimulus optimism
Dec 27 (Reuters) - Oil prices were little changed on Friday but were set for a weekly rise amid optimism economic stimulus efforts will prompt a recovery in China, the world's biggest oil importer.Brent crude futures LCOc1 fell 1 cent to $73.25 a barrel by 0145 GMT. U.S. West Texas IntermediateReuters
Fri, Dec 27