Commodities Futures

  • International benchmark Brent futures were trading at $50.50 per barrel at 0840 GMT, down 39 cents from their last close. West Texas Intermediate crude futures were down 20 cents at $48.02 a barrel after reaching $48.75, their highest since July 5. Iraq has resumed pumping oil from fields operated by the state-run North Oil Company via a Kurdish pipeline to...

  • *Tighter aluminum supply in China amid slow output from restarts. MANILA, Aug 19- London aluminum futures held near their strongest level in 13 months on Friday, propped up by firm demand and tighter supply in top market China. Aluminum production among restarted aluminum smelters in China following production curbs last year has been slow, causing supply to...

  • NEW YORK, Aug 18- The U.S. Commodity Futures Trading Commission on Thursday said it filed a civil lawsuit against retail broker Forex Capital Markets LLC, saying it was under-capitalized in January, 2015, and failed to report its capital shortfall in a timely manner. New York- based FXCM is the largest U.S.-based retail foreign exchange broker, with...

  • NEW YORK, Aug 18- Deutsche Bank AG on Thursday agreed to retain a monitor to ensure it reports swaps data properly, to resolve U.S. regulatory charges over its handling of an April 16 system outage that has yet to be fully addressed. The U.S. Commodity Futures Trading Commission said the bank was unable to report swap data for multiple asset classes for five days...

  • "Flash Boys" hero IEX will finally launch as a stock exchange on Friday.

  • CHICAGO, Aug 18- An online U.S. cattle auction that ranchers and traders hope will restore transparency to livestock pricing and reduce volatility in futures contracts is set to resume operations in September following a three-month halt, its owner said on Thursday. Government Accountability Office aim to address concerns that cash and futures prices do not...

  • Why crude is headed to $63: Technician

    Ari Wald, head of technical analysis at Oppenheimer, says he sees crude oil headed even higher.

  • *While traders have almost completely ruled out a hike in September, they have priced in a 41.7 percent chance for a move in December- down from 45.1 percent on Wednesday, according to CME Group's FedWatch tool. *New York Fed President William Dudley, who on Tuesday unnerved the markets by saying a rate hike was possible in September, is scheduled to give a press...

  • Ona Carbonell and Gemma Mengual of Spain compete in the Synchronised Swimming Duets Free Routine final on Day 11 of the Rio 2016 Olympic Games

    The world is coming together for the first time in many years, and it's not just for the Olympic games, says strategist James Paulsen.

  • *WTI crude supported by U.S./ Europe arbitrage window. International Brent crude oil futures were trading at $49.67 per barrel at 0050 GMT, down 18 cents from their last close. Yet prices remain 20 percent higher than in early August and hit almost $50 a barrel the previous day, supported by a potential freeze or even cut in output following a meeting between the...

  • Federal Reserve Chairman Janet Yellen answers a reporter's question during a news conference in Washington December 16, 2015.

    The Fed's July minutes confirmed what the markets already believed - that a rate hike in September is unlikely.

  • Crude futures have gained as much as 13 percent since Thursday after Saudi Arabia, the kingpin in the Organization of the Petroleum Exporting Countries, stoked speculation that OPEC was ready for an output freeze deal with producers outside the group. On Wednesday, Brent crude settled up 62 cents, or 1.3 percent, at $49.85 a barrel after touching five-week highs...

  • CHICAGO, Aug 17- U.S. soybean futures rose to their highest in nearly four weeks on Wednesday on strong demand from China, the world's top buyer of the oilseed, traders said. "We had some short-covering, got a little bit of a technical bounce," said Karl Setzer, market analyst at MaxYield Cooperative. The U.S. Agriculture Department said on Wednesday morning that...

  • *Saudis output seen at new record high despite OPEC overtures. NEW YORK, Aug 17- Oil's near week-long rally was under pressure on Wednesday after an unexpected drawdown in U.S. crude and gasoline stocks was offset by worries that Saudi Arabia was cranking output to record highs even as OPEC talked of ways to ease a global glut. West Texas Intermediate crude futures...

  • The world is in a 'synchronized recovery': Paulsen

    Global stock markets will continue to rise, says Wells Capital Management's James Paulsen.

  • CHICAGO, Aug 17- U.S. soybean futures rose to their highest in nearly four weeks on Wednesday on strong demand from China, the world's top buyer of the oilseed, traders said. The U.S. Agriculture Department said on Wednesday morning that private exporters reported the sale of 381,000 tonnes of soybeans to China for delivery during the 2016/ 17 marketing year.

  • U.S. HEATING OIL FUTURES UP 0.7 PCT AFTER EIA DATA.

  • GASOLINE FUTURES TURN POSITIVE, UP ABOUT 1 PCT AFTER EIA DATA SHOWS BIGGER-THAN-EXPECTED DRAW IN INVENTORIES.

  • NEW YORK, Aug 17- U.S. crude futures fell nearly 1 percent on Wednesday ahead of important inventory data while Brent steadied near 5- week highs on speculation that the world's crude producers might still be able to strike a deal to support the market. Analysts expect the U.S. Energy Information Administration to announce a fourth straight weekly rise in...

  • *Investors will parse the minutes of the meeting for hints about when the Fed could next raise rates, especially in light of New York Fed President William Dudley's hawkish comments on Tuesday. *Dudley, a permanent voting member and a close ally of Fed Chair Janet Yellen, said a rate hike as soon as September was possible given evidence of wage gains and a tighter...

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