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UPDATE 8-Oil heads for weekly gains on colder weather, Chinese policy support
Colder weather in Europe and US expected to boost oil demandChinese economic frailties heighten hopes of further stimulus U.S. crude stockpiles fell last weekUpdates with settlement pricesBy Arathy Somasekhar HOUSTON, Jan 3 (Reuters) - Oil prices rose on Friday, closing the week higher on the...Reuters
Fri, Jan 3
UPDATE 2-US natgas prices drop 8% on milder weather forecasts, small storage draw
US weekly gas storage draw below analysts' expectationsUS LNG export feedgas on track to hit daily, monthly record highsEuropean gas prices trading at 13-month highsAdds closing pricesBy Scott DiSavino Jan 3 (Reuters) - U.S. natural gas futures plunged about 8% to a two-week low on Friday on a sm...Reuters
Fri, Jan 3
CBOT wheat tumbles on strong U.S. dollar
CHICAGO, Jan 3 (Reuters) - Chicago Board of Trade wheat futures took a dive as the U.S. dollar .DXY headed for its best weekly performance since November, said analysts.CBOT March soft red winter wheat WH25 settled down 16-1/2 cents at $5.29-1/4, having hit life-of-contract lows at $5.27-1/2. K.C. M...Reuters
Fri, Jan 3
California targets ultra-processed foods in new health initiative
Jan 3 (Reuters) - California Governor Gavin Newsom on Friday issued an executive order aiming to crack down on ultra-processed foods including packaged snacks and sugary beverages, and further investigate the health effects of synthetic food dyes.The order directs exploring the use of public funds f...Reuters
Fri, Jan 3
PRECIOUS-Gold slips from three-week high as strong dollar weighs
Bullion up 0.8% this week so farU.S. central bank projects two rate reductions in 2025 Dollar set for strongest weekly performance since mid NovemberUpdates for market closeBy Sherin Elizabeth Varghese Jan 3 (Reuters) - Gold prices retreated from a three-week high on Friday, pressured by a robust...Reuters
Fri, Jan 3
US biofuel producers ramped up in Oct as profitability improved, data shows
Renewable diesel producers utilization at 77%, highest since July - AEGISBiodiesel producers utilization rate hit 89% in Oct, highest since June 2023Better credit prices, stronger diesel demand spurred higher activity - analystBy Shariq Khan NEW YORK, Jan 3 (Reuters) - U.S. renewable diesel and b...Reuters
Fri, Jan 3
GRAINS-Chicago soybeans, corn and wheat futures stumble on farmer sales, weekly dollar gains
Corn and soybeans slump after matching earlier multi-month highsExports pressured by strong dollar, even as the currency retreatsHeavy farmer selling pressures futures Updates with U.S. tradingBy Renee Hickman CHICAGO, Jan 3 (Reuters) - Chicago soybean, wheat and corn futures tumbled on Friday as...Reuters
Fri, Jan 3
UPDATE 1-US oil and gas rigs unchanged for fourth straight week
Adds year ago numbers, paragraph 3By Scott DiSavinoJan 3 (Reuters) - U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the fourth week in a row, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an ear...Reuters
Fri, Jan 3
US oil and gas rigs unchanged for fourth straight week
By Scott DiSavinoJan 3 (Reuters) - U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the fourth week in a row, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, sta...Reuters
Fri, Jan 3
EU wheat slides with Chicago as holiday rally stalls
PARIS, Jan 3 (Reuters) - Euronext wheat fell sharply on Friday to retreat from a six-month peak as losses in Chicago grains and a rebound in the euro encouraged profit-taking after a holiday rally seen as overdone, dealers said.Benchmark March milling wheat BL2H5 on Paris-based Euronext settled 2.6%...Reuters
Fri, Jan 3
UPDATE 8-Oil heads for weekly gains on colder weather, Chinese policy support
Colder weather in Europe and US expected to boost oil demandChinese economic frailties heighten hopes of further stimulus U.S. crude stockpiles fell last weekUpdates with mid-session tradingBy Arathy Somasekhar HOUSTON, Jan 3 (Reuters) - Oil prices edged higher on Friday and were on track for wee...Reuters
Fri, Jan 3
North Sea Crude-Forties on offer
LONDON, Jan 3 (Reuters) - North Sea Forties crude differentials were stable on Friday as sellers were again looking to offload cargoes in the Platts window, albeit at slightly higher levels than in the previous session. PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless...Reuters
Fri, Jan 3
Europe Gasoline/Naphtha-Gasoline margins soften on high stocks
LONDON, Jan 3 (Reuters) - Northwest European gasoline refining profit margins fell slightly to $6.13 per barrel on Friday, weighed down by a rise in inventories and slower export demand. About 4,000 metric tons of Eurobob E5 barges traded, which BP sold to Trafigura and ExxonMobil.Shell sold 10,000...Reuters
Fri, Jan 3
METALS-Copper drifts higher on Chinese economic support pledge
Chinese economic support boosts copper despite tariff concernsLME copper up 0.8%, holding above five-month lowDollar set for strongest week in more than a monthUpdates prices at 1700 GMTBy Eric Onstad LONDON, Jan 3 (Reuters) - Copper prices held in positive territory on Friday after China pledged...Reuters
Fri, Jan 3
UPDATE 1-Moscow-backed enclave in Moldova feels pain from lack of Russian gas
Transdniestria hit hard by severing of gas routeIndustry shut down, people left without heat and hot waterResidents queue to buy electric stoves and heatersMoldova says Russia is creating security crisisEmbeds locator map and adds GRAPHIC flag, no changes to textBy Mark Trevelyan, Lucy Papachristou ...Reuters
Fri, Jan 3
PRECIOUS-Gold slips from three-week high as strong dollar weighs
Bullion up 0.8% this week so farU.S. central bank projects two rate reductions in 2025 Dollar set for strongest weekly performance since mid NovemberUpdates with U.S. midday hoursBy Sherin Elizabeth Varghese Jan 3 (Reuters) - Gold prices retreated from a three-week high on Friday, pressured by a ...Reuters
Fri, Jan 3
UPDATE 7-Oil heads for weekly gains on colder weather, Chinese policy support
Colder weather in Europe and US expected to boost oil demandChinese economic frailties heighten hopes of further stimulus U.S. crude stocks fell last weekUpdates with mid-session trading, changes byline, dateline, previous LONDONBy Arathy Somasekhar HOUSTON, Jan 3 (Reuters) - Oil prices ticked up...Reuters
Fri, Jan 3
Moscow-backed enclave in Moldova feels pain from lack of Russian gas
Transdniestria hit hard by severing of gas routeIndustry shut down, people left without heat and hot waterResidents queue to buy electric stoves and heatersMoldova says Russia is creating security crisisBy Mark Trevelyan, Lucy Papachristou and Filipp Lebedev Jan 3 (Reuters) - The severing of one ...Reuters
Fri, Jan 3
US Cash Grains-Corn, soy basis mostly steady-weaker; weekend storm eyed
CHICAGO, Jan 3 (Reuters) - Spot basis bids for corn softened at grain elevators along U.S. Midwest rivers on Friday but held steady elsewhere following a flurry of farmer grain sales in recent days as Chicago Board of Trade corn futures Cv1 hovered near six-month highs.* The spot basis for corn fell...Reuters
Fri, Jan 3
CORRECTED-Ford's US sales rise 4.2% in 2024
Corrects keyword used by media clients to AUTOS-SALES/FORD MOTORJan 3 (Reuters) - Ford Motor F.N reported a 4.2% rise in its 2024 U.S. sales on Friday, driven by higher demand for gasoline and hybrid vehicles.The automaker posted total annual sales of 2,078,832 units, compared with the 1,995,912 uni...Reuters
Fri, Jan 3
UPDATE 1-US natural gas prices drop 7% on milder weather forecasts, small storage draw
Adds EIA storage report, latest pricesUS weekly gas storage draw below analysts' expectationsUS LNG export feedgas on track to hit daily, monthly record highsEuropean gas prices trading at 13-month highsBy Scott DiSavino Jan 3 (Reuters) - U.S. natural gas futures dropped about 7% to a two-week lo...Reuters
Fri, Jan 3
BRIEF-U.S. Steel Corp Co, Nippon Steel Issues Statement On Decision To Block Proposed Transaction
Jan 3 (Reuters) - UNITED STATES STEEL CORP:UNITED STATES STEEL CORP: CO, NIPPON STEEL ISSUED STATEMENT ON DECISION TO BLOCK PROPOSED TRANSACTIONUNITED STATES STEEL CORP: "COMPANIES WILL TAKE ALL APPROPRIATE ACTION TO PROTECT THEIR LEGAL RIGHTS"Source text: ID:nBw3bSc6haFurther company coverage: 5401...Reuters
Fri, Jan 3
METALS-Copper edges higher on Chinese economic support pledge
Chinese economic support boosts copper despite tariff concernsLME copper up 0.1%, holding above five-month lowDollar set for strongest week in more than a monthUpdates prices at 1525 GMT, adds news on Indonesia nickelBy Eric Onstad LONDON, Jan 3 (Reuters) - Copper prices held in positive territor...Reuters
Fri, Jan 3