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Commodities Futures

  • NEW YORK, June 23- Oil futures edged higher on Friday with a lift from a weaker dollar, but finished a fifth straight week lower as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures settled up 32 cents, or 0.7 percent, to $45.54 a barrel. "The higher rig count this week reflects decisions made a couple of months ago when oil...

  • NEW YORK/ LONDON, June 23- Arabica coffee futures vaulted higher on Friday, notching their largest one-day gain in a year, as options-related dealings spurred short-covering following Thursday's sharp decline. *September arabica coffee settled up 6.5 cents, or 5.58 percent, at $1.23 per lb, rebounding from the previous session's plunge of more than 5 percent.

  • *Many U.S. shale drillers profitable at $40/ barrel- Cenkos. NEW YORK, June 23- Oil futures edged higher on Friday with a lift from a weaker dollar but remained down for a fifth week in a row and close to a 10- month low as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures were up 15 cents, or 0.3 percent, at $45.37 a barrel by...

  • NEW YORK, June 23- Oil futures climbed almost 1 percent on Friday on lift from a falling dollar but remained down for a fifth week in a row and close to a 10- month low as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures were up 40 cents, or 0.9 percent at $45.62 a barrel by 11:52 a.m. EDT, pushing the front-month out of...

  • SAO PAULO, June 23- Yields paid on Mexican interest-rate future contracts fell on Friday after the central bank signaled it would not increase borrowing costs any longer. While there is merit in arguments that real rates may be already quite high, Mexico is still not out of the inflation woods. " Oil-heavy Colombia's peso firmed 0.6 percent.

  • Gartman: Oil is heading 'egregiously' lower

    Dennis Gartman of The Gartman Letter tells CNBC's Jackie DeAngelis why the crude crush is far from over.

  • *Many U.S. shale drillers profitable at $40/ barrel- Cenkos. LONDON, June 23- Oil traded flat on Friday, hovering near a 10- month low in U.S. prices hit earlier this week, and remained on course for its biggest first-half decline in almost two decades as production cuts have failed to reduce oversupply. Brent crude futures were down 8 cents at $45.14 a barrel at 1337 GMT.

  • *Many U.S. shale drillers profitable at $40/ bl- Cenkos. Brent crude futures were up 14 cents at $45.36 a barrel at 1138 GMT. Bearish factors like higher output in Libya or Nigeria result in lower oil prices but bullish factors, like the really high OPEC commitment, are ignored, "said Frank Schallenberger, head of commodity research at LBBW in Stuttgart.

  • June 23- U.S. stock index futures were little changed on Friday as oil prices edged up and ahead of economic data and speeches by Federal Reserve policymakers. *Wall Street ended flat on Thursday, but healthcare stocks rallied as Senate Republicans unveiled legislation that would replace Obamacare with a plan that scales back aid to the poor and kills a tax on the...

  • Employees assist customers at the checkout counter of a J.C. Penney store.

    Friday is set to be the year's heaviest volume day as the Russell indexes get rebalanced, meaning some stocks will be added and others demoted.

  • *Many U.S. shale drillers profitable at $40/ bl- Cenkos. Brent crude futures were up 28 cents at $45.50 a barrel at 0830 GMT. Bearish factors like higher output in Libya or Nigeria result in lower oil prices but bullish factors, like the really high OPEC commitment, are ignored, "said Frank Schallenberger, head of commodity research at LBBW in Stuttgart.

  • SYDNEY, June 23- Copper rallied late on Friday as the dollar weakened, forcing shorts to cover positions ahead of the weekend, while zinc fell on profit-taking following this week's surge on supply concerns. *COPPER: London Metal Exchange copper rallied by 1.4 percent to $5,820 a tonne by 0753 GMT. *Shanghai Futures Exchange copper rallied 1.5 percent to 46,690...

  • SYDNEY, June 23- U.S. soybean prices edged up on Friday but were still near a 17- month low touched the session before, with forecasts for favourable crop weather pushing the oilseed towards its biggest weekly fall in six months. *The most active soybean futures on the Chicago Board of Trade are down nearly 3.5 percent for the week, in what would be their biggest...

  • *COPPER: Three-month copper on the London Metal Exchange stood at $5,741 a tonne by 0100 GMT, $2 below the close of the last session. *The most-traded copper contract on the Shanghai Futures Exchange opened 0.20 percent higher at 46,070 yuan a tonne. *ZAMBIA COPPER: Copper production in Zambia, Africa's No.2 producer of the metal, is expected to rise to 850,000 tonnes...

  • LONDON, June 22- Oil traders have become increasingly doubtful that OPEC will manage to cut crude stocks down to the five-year average in 2018 and keep them there. Calendar spreads for Brent futures throughout the rest of 2017 and 2018 have weakened significantly since OPEC agreed to roll over its production allocations at the end of May. Calendar spreads are...

  • WASHINGTON, June 22- Once confirmed as permanent chairman of the U.S. Commodity Futures Trading Commission, J. Christopher Giancarlo, now the regulator's acting chair, will keep the heat on derivatives and commodities markets with tough policing, he said on Thursday. Giancarlo told a confirmation hearing before the Senate Agriculture Committee that his...

  • NEW YORK, June 22- Oil rose on Thursday, a day after hitting 10- month lows, but market sentiment remained negative because the global crude glut has persisted despite OPEC- led output cuts. Brent crude futures ended 40 cents higher to $45.22 a barrel, after falling as low as $44.53. Crude has dropped around 20 percent since late February, erasing gains after OPEC and...

  • Too much fear in market, strategist says

    Richard Bernstein Advisors’ Joe Zidle predicts investors will get caught in a ‘real painful trade’ in 2017’s second half.

  • An investor looks at an electronic board showing stock information in Hangzhou, China.

    Stocks in China take a hit after regulators tighten their grip on buying activity and video services.

  • "We're looking at better weather in the Midwest- that's been the big driver," said Price Futures Group broker Jack Scoville. CBOT July soybean futures eased 12 cents to $9.06-1/ 2 per bushel, the lowest since March 2016. CBOT July corn was down 5-1/ 4 cents at $3.63-1/ 2 per bushel and CBOT July wheat was off 3-1/ 4 cents to $4.61-1/ 4 at 12:45 p.m. CDT.

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