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Commodities Futures

  • *Wall Street ended higher on Friday as a weak jobs report trimmed the prospects of a rate hike when the Fed meets on Sept. 20-21. The odds edged down to 50.6 percent from 53.6 percent for December, according to CME Group's FedWatch tool. *A reading of the Institute for Supply Management's index for non-manufacturing activity is expected to remain little changed at...

  • *Technicals point to spot gold moving back to $1,315. LONDON, Sept 6- Gold prices edged higher on Tuesday as the dollar weakened on expectations that the U.S. Spot gold rose 0.4 percent to $1,330.52 an ounce by 0955 GMT while U.S. gold futures were 0.5 percent higher at $1,332.70.

  • *Technicals point spot gold moving back to $1,315. Spot gold was slightly up at $1,327.80 per ounce by 0658 GMT. The fact that gold did not move much despite disappointing U.S. nonfarm payroll numbers reflects the extensive level of speculative position in the gold markets either through futures or exchange traded funds, said Dominic Schnider of UBS Wealth...

  • *Technicals point spot gold moving back to $1,315. Spot gold was slightly up at $1,327.46 per ounce by 0409 GMT. The fact that gold did not move much despite disappointing U.S. non farm payroll numbers reflects the extensive level of speculative position in the gold markets either through futures or exchange traded funds, said Dominic Schnider of UBS Wealth...

  • SYDNEY, Sept 6- U.S. wheat futures fell for the first time in three sessions on Tuesday, pressured by concerns about demand from Egypt, the world's largest buyer of the grain. *The most active wheat futures on the Chicago Board of Trade dropped 0.44 percent to $3.97-1/ 4 a bushel, having closed up 1.1 percent on Friday when prices hit their highest since Aug. 29 at $4.01-1/...

  • SYDNEY, Sept 6- U.S. wheat futures fell for the first time in three sessions on Tuesday, pressured by concerns about demand from Egypt, the world's largest buyer of the grain. *The most active wheat futures on the Chicago Board of Trade dropped 0.44 percent to $3.97-1/ 4 a bushel, having closed up 1.1 percent on Friday when prices hit their highest since Aug. 29 at $4.01-1/...

  • *Output freeze to be discussed in Algeria meeting- Russia. LONDON, Sept 5- Crude oil futures touched a one-week high before paring gains on Monday after top producers Russia and Saudi Arabia confirmed they had agreed to cooperate on stabilizing the oil market, and raised hopes of limiting output in the future. Saudi Arabia and Russia said on the sidelines of the G20...

  • *Output freeze to be discussed in Algeria meeting- Russia. LONDON, Sept 5- Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia confirmed they had agreed to cooperate on stabilizing the oil market, including limiting output. Saudi Arabia and Russia said on the sidelines of the G20 summit in China they had signed an agreement to set up a...

  • *Production freeze to be discussed in Algeria meeting- Russia. LONDON, Sept 5- Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia said they have agreed to cooperate on stabilizing the oil market, including limiting output. Saudi Arabia and Russia said on the sidelines of the G20 summit in China that they signed an agreement to set up...

  • *Production freeze to be discussed in Algeria meeting- Russia. LONDON, Sept 5- Crude oil futures rose sharply on Monday amid renewed speculation that major producers including Saudi Arabia and Russia could cooperate to tackle weak prices and rein in oversupply. Saudi Arabia and Russia later on Monday are due to make a joint statement during the G20 summit in...

  • *Production freeze to be discussed in Algeria meeting- Russia. *Iran ready to boost output- NIOC. LONDON, Sept 5- Crude oil futures rose sharply on Monday amid renewed speculation that major producers including Saudi Arabia and Russia could cooperate to tackle weak prices and rein in oversupply.

  • *Still, Richmond Federal Reserve Bank President Jeffrey Lacker said on Friday that the U.S. economy appears strong enough to warrant significantly higher interest rates. *Hedge funds and money managers reduced their bullish stance in COMEX gold contracts in the week to Aug. 30 to the lowest in nearly three months, U.S. Commodity Futures Trading Commission data...

  • MELBOURNE, Sept 5- London copper hovered near its weakest in two months on Monday as the dollar gained ground and as investors bet that more mine supply would drag on prices for the rest of the year. *Shanghai Futures Exchange copper ended the overnight session down 0.2 percent at 36,470 yuan a tonne. *Hedge funds and money managers reduced their net long positions...

  • WINNIPEG, Manitoba, Sept 2- Chicago corn and wheat futures prices rose for a second straight session on Friday with short-covering ahead of the U.S. "People taking profits who were short the market don't want to carry the positions into a long holiday weekend," said Terry Reilly, senior commodity analyst at Futures International. The Chicago Board of Trade most...

  • Drilling engineer

    RBC's Helima Croft gives her take on why oil is set to ride a bullish wave to $60.

  • *Russia's Putin supports OPEC production freeze efforts. NEW YORK, Sept 2- Oil prices rose 3 percent on Friday as a report showing weaker U.S. jobs growth in August suppressed the dollar, pushing up commodities, but crude futures remained on track for a big weekly loss on glut concerns. Brent crude futures were up $1.38, or 3 percent, at $46.83 a barrel by 11:44 a.m. EDT.

  • *Russia's Putin supports OPEC production freeze efforts. NEW YORK, Sept 2- Oil prices rose more than 2 percent on Friday as a report showing weaker U.S. jobs growth in August suppressed the dollar, pushing up commodities, but crude futures remained on track for a big weekly loss on glut concerns. Brent crude futures were up $1.25, or 2.8 percent, at $46.73 a barrel by...

  • NEW YORK, Sept 2- Oil prices rose about 2 percent on Friday as a report showing weaker U.S. jobs growth in August suppressed the dollar, pushing up commodities, but crude futures remained on track for a big weekly loss on glut concerns. Brent crude futures were up 95 cents, or 2 percent, at $46.40 a barrel by 8:59 a.m. EDT. Oil also rose earlier in the session on comments by...

  • Sept 2- U.S. stocks index futures added to gains on Friday after a report from the U.S. Labor Department showed employment growth slowed more than expected in August after two straight months of robust gains. Nonfarm payrolls rose by 151,000 jobs last month, which came in below the 180,000 additions expected by economists polled by Reuters.

  • U.S. SHORT-TERM INTEREST-RATE FUTURES RISE AFTER JOBS REPORT.

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