CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Following the Fed's statement, oil and gold both sold off, as Bernanke struck a more upbeat tone on the economy, she says.» Read More
*Ukraine uses Chinese loan to buy grain for exports. *Ukraine firm sees high flour exports to Middle East. KIEV, June 19- A Chinese state company has started a programme of purchasing grain from Ukraine's state-run grain corporation for export to clients in China, the Middle East and markets further afield, the Ukrainian chief executive said on Wednesday.
Fed Chairman Ben Bernanke, in an effort to keep the bond yields from spiking, will likely emphasize the difference between tapering and tightening when it comes to monetary policy ( USA- FED/, moved, by Alister Bull, 760 words). -USA- FED/POLL, expect by 2100 GMT/ 5 PM ET.
*Libya looking at diversifying revenues via tourism. SABRATHA, Libya, June 19- The ruins of a grandiose Roman theatre behind them, two foreigners taking pictures in the Libyan coastal city of Sabratha make a rare sight these days. The two European visitors touring the UNESCO World Heritage site on this quiet day are geologists on a work trip to Libya.
ENNISKILLEN, Northern Ireland, June 18- Following are the opening sections of a communique agreed by the leaders of the G8 powers at a two-day summit in Northern Ireland. To read the full text, click: https://www.gov.uk/government/uploads/system/uploads/attachmenttdata/file/207583/ L o u g h t E r n e t 2 0 1 3 t G 8 t L e a d e r s t C o m m u n i q u e t t 2 t. p d f.
ZARAGOZA, Spain, June 17- At military exercises in northern Spain, French and Spanish fighters fly alongside Swedish and Czech transport aircraft while a multinational team of mechanics changes the engine on a Belgian plane.
LONDON, June 17- Even without a relaxation of the ban on U.S. crude oil exports, the ripples of the shale revolution have already reached Asia. More than half of Saudi Arabia's crude exports head to refineries in China and the rest of Asia.
LONDON, June 14- Brent oil futures rebounded above $106 a barrel on concern over the war in Syria and expectations U.S. monetary stimulus would continue after a report showed underlying inflationary pressures were muted.
CHICAGO-- As she considers another White House bid, Hillary Rodham Clinton intends to work in the nonprofit world on issues like improving early childhood education, promoting the rights of women and girls, and finding ways to improve the economy _ a set of priorities that could inform a 2016 presidential campaign.
NEW YORK, June 13- Brent crude oil rose on Thursday, tracing gains in U.S. equities in late-session trading after U.S. data showed stronger-than-expected retail sales and a fall in jobless claims. Front month July Brent crude, which expired on settlement on Thursday, rose 76 cents to settle at $104.25 a barrel, after falling as low as $102.75.
*U.S. data boosts Wall Street, oil prices. NEW YORK, June 13- Brent crude oil rose on Thursday, reversing an earlier decline after U.S. data showed stronger-than-expected retail sales and a fall in jobless claims, although subdued global energy demand limited oil's rebound.
NEW YORK, June 13- Brent crude oil reversed an earlier loss to trade slightly higher on Thursday as a higher-than expected rise in U.S. retail sales and fall in jobless claims boosted the U.S. economic outlook, although subdued global demand limited the rebound. Brent crude rose 38 cents to $103.87 a barrel by 11:44 a.m. EDT, having traded as low as $102.75.
*Weaker dollar, Libya supply disruption lend support. LONDON, June 13- Oil reversed an earlier loss to trade above $103 a barrel on Thursday as a higher-than expected rise in U.S. retail sales and a fall in jobless claims boosted the economic outlook, although subdued global demand limited the rebound.
SINGAPORE, June 13- Brent futures slipped towards $103 a barrel on Thursday as a jump in U.S. gasoline stocks with the summer driving season already underway stoked worries about demand, but a weak dollar helped stem the slide. Brent crude had slipped 23 cents to $103.26 a barrel by 0701 GMT, after settling 53 cents higher.
*U.S. East Coast gasoline stocks at highest since Feb 2012. SINGAPORE, June 13- Brent futures slipped towards $103 a barrel on Thursday as a jump in gasoline stocks in the United States with the summer driving season already underway stoked worries about demand, but a weak dollar helped stem the slide.
NEW YORK, June 12- Crude oil prices ended modestly higher on Wednesday, but gains were capped by lower oil demand growth estimates and ample supplies. Spot Brent crude oil futures settled 53 cents higher at $103.49 after trading as high as $104.10. August Brent crude oil futures ended the day at $103.56, up 59 cents.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Natural gas rebounded today, ahead of tomorrow's storage report.
*OPEC to keep pumping more oil than output target. NEW YORK/ LONDON, June 12- Crude oil prices were marginally higher on Wednesday, supported by worry over global supply disruptions but capped by an unexpected jump in oil inventories in the United States and a cut in estimates for oil demand growth.
TRIPOLI, June 12- Libya is struggling to keep its oil output stable- let alone increase it- as protests cut crude exports in the sector that supplies 95 percent of state revenue.
LONDON, June 12- The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force less advanced competitors in developed countries to close, the West's energy agency said on Wednesday.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Concerns over central bank policies drove down commodities prices today. Rising interest rate environments put pressure on gold, as well.