Commodities Futures

  • *Rising U.S. shale output could counter OPEC curbs. SINGAPORE, Jan 13- Oil prices inched up on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market. Brent crude futures, the international benchmark for oil prices, were trading at $56.04 per barrel at 0632...

  • The level the gold ‘must’ hold to prevent prices from slipping

    Trader Todd Colvin breaks down gold prices as they trade around seven week highs.

  • Not enough evidence economy is back on feet: Trader

    Todd Colvin Of Ambrosino Brothers wants to see proof economy is recovering in first quarter earnings before making any big moves.

  • Gold to grind higher on uncertainty: Trader

    Gold is a good place to park money because stock prices are too elevated right now, according to Ambrosino Brothers’ Todd Colvin.

  • *NY, London cocoa make biggest 1- day jumps since 2012. NEW YORK/ LONDON, Jan 12- New York cocoa futures on ICE rebounded sharply above the prior session's 2013 low on Thursday, marking their biggest one-day jump in nearly five years on a flurry of short covering and on support from a weaker dollar. "It started off as what could have been a day of consolidation, it has...

  • A man is reflected in a sign outside of the JPMorgan Chase headquarters in New York City.

    The market is a "coiled spring" right now and bank earnings could push stocks past the tipping point.

  • LONDON, Jan 12- Gold surged above $1,200 an ounce to its highest level in seven weeks on Thursday as the dollar fell following U.S. Spot gold was up 0.9 percent at $1,202.42 per ounce since Nov. 23, while U.S. gold futures rose 0.5 percent to $1,202.50 per ounce. "It's a mess frankly, which is a reflection of the fact that there's no clarity on U.S. economic policy," said Tom...

  • SAO PAULO, Jan 12- Yields on Brazilian interest rate futures tightened sharply on Thursday after the central bank cut rates more aggressively than expected to fight a deep recession. After markets closed on Wednesday, the central bank reduced its benchmark Selic overnight lending rate by 75 basis points to 13.00 percent, the lowest in two years.

  • PARIS/ SINGAPORE, Jan 12- Chicago wheat futures fell for a third session on Thursday as favorable weather forecasts in U.S. and Black Sea growing belts kept prices under pressure ahead of a raft of U.S. government crop data later in the day. The USDA will release reports on U.S. grain stocks, U.S. annual crop production, U.S. winter wheat seeding and world supply and...

  • Jan 12- U.S. stock index futures fell on Thursday after President-elect Donald Trump gave little clarity on his campaign-trail promises of boosting economic growth that had powered Wall Street for two months. *Trump, in his first news conference on Wednesday, gave no details on tax cuts or infrastructure spending, and instead lashed out at U.S. spy agencies and...

  • SAO PAULO, Jan 12- Yields on Brazilian interest rate future contracts tightened sharply on Thursday after the central bank cut rates more aggressively than expected to fight a deep recession. After market close on Wednesday, the central bank reduced the benchmark Selic overnight lending rate by 75 basis points to 13.00 percent, its lowest in two years.

  • *Chicago wheat eases, trades near last session's one-week low Corn falls for 3rd day ahead of key U.S. reports, soybeans down. SINGAPORE, Jan 12- Chicago wheat futures slid for a third session on Thursday, trading near one-week lows as the market faced pressure from forecasts of favorable weather in the U.S. The Chicago Board of Trade most-active wheat contract had...

  • SYDNEY, Jan 12- U.S. wheat held steady on Thursday, lingering near a one-week low, as forecasts for crop friendly weather continued to weigh on prices ahead of a widely watched U.S. Department of Agriculture report later in the session. *The most active wheat futures contract on the Chicago Board of Trade was little changed at $4.19 a bushel, having closed down 1.9...

  • SINGAPORE, Jan 12- Oil prices dipped on Thursday on the back of rising U.S. crude inventories and plentiful supplies, despite emerging output cuts from OPEC and other producers. West Texas Intermediate crude oil futures were trading at $52.18 a barrel at 0141 GMT, down 7 cents from their last settlement. Prices for Brent crude futures, the international benchmark...

  • SINGAPORE, Jan 12- Oil prices were steady early on Thursday after U.S. crude and refined product stocks sent mixed messages to the market, with ongoing uncertainty over OPEC compliance with planned output reductions also in focus. West Texas Intermediate crude oil futures were trading at $52.24 a barrel at 0040 GMT, virtually unchanged from their last...

  • NEW YORK, Jan 11- Oil prices jumped more than 2.5 percent on Wednesday, their biggest daily rise in more than a month, lifted as the U.S. dollar weakened following a news conference by U.S. President-elect Donald Trump and on news that Saudi Arabia cut exports to Asia. Brent futures rose $1.46, or 2.7 percent, at $55.10 a barrel, while U.S.

  • President-elect Donald Trump, and on news that Saudi Arabia had cut exports to Asia. "The main reason for the oil price rise was that the dollar was down," said Phil Davis, managing partner at PSW Investments in Woodland Park, New Jersey. Brent futures were up $1.76, or 3.3 percent, at $55.40 a barrel by 2:06 p.m. EST.

  • ULSD FUTURES PARE GAINS AFTER EIA DATA SHOWS MUCH BIGGER-THAN-EXPECTED BUILD IN STOCKPILES.

  • GASOLINE FUTURES PARE GAINS AFTER EIA DATA SHOWS MUCH BIGGER-THAN-EXPECTED BUILD IN INVENTORIES.

  • Marc Faber

    President-elect Trump's policies will help the U.S. economy, but they won't be enough to save stocks long term, Faber said.

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