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February 28, 2020

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Commodities News (3rd Party)

Reuters - Business

Aramco secures unconditional EU okay for $69 billion SABIC deal

Reuters
by Reuters01
FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed BRUSSELS (Reuters) – World No. 1 oil producer Saudi Aramco has gained unconditional......
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Reuters - Business

Oil prices on track for biggest weekly fall in four years

Reuters
by Reuters07
SINGAPORE (Reuters) – Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand. FILE PHOTO: A seagull flies in front of an......
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Reuters - Business

Oil prices fall again, on track for biggest weekly drop in over 4 years

Reuters
by Reuters05
SINGAPORE (Reuters) – Oil prices fell for a sixth straight session on Friday and were on track for about a 12% weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand. FILE PHOTO: A seagull flies in......
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Reuters - Business

World stocks set for worst week since 2008 as virus fears grip markets

Reuters
by Reuters02
TOKYO (Reuters) – Global share markets were headed for the worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and derail economic growth. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index......
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Reuters - Business

Global shares head for worst week since 2008 financial crisis

Reuters
by Reuters04
TOKYO (Reuters) – Global share prices headed for the worst week since the darkest days of the world financial crisis in 2008 as investors braced for the coronavirus to become a pandemic and rapidly spread around the world. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei......
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Reuters - Business

Virus-hit stocks shed $3 trillion; safe havens thrive

Reuters
by Reuters06
LONDON (Reuters) – Stocks resumed their plunge, wiping out more than $3 trillion in value this week alone, and U.S. Treasuries yields hit record lows on Thursday as the coronavirus spread faster outside China and investors fled to safe havens. FILE PHOTO: A man wearing a surgical mask walks past......
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Reuters - Business

Oil prices fall for fifth day to lowest in a year

Reuters
by Reuters07
LONDON (Reuters) – Oil prices fell 2% on Thursday, plunging for fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude. FILE PHOTO: A view shows the......
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Reuters - Business

Oil falls for fifth day on demand concerns as coronavirus spreads

Reuters
by Reuters05
TOKYO (Reuters) – Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand. FILE PHOTO: A view shows the......
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Reuters - Business

Asian stocks slide deeper as pandemic fears grow

Reuters
by Reuters03
SINGAPORE (Reuters) – Oil and Asian share markets extended losses on Thursday as the rapid global spread of the coronavirus kept investors on edge and seeking safety in gold and bonds. FILE PHOTO: A man wearing a surgical mask walks past a screen showing Shanghai Composite index and Nikkei index......
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Reuters - Business

Oil falls for fifth day as coronavirus spreads outside of China

Reuters
by Reuters012
TOKYO (Reuters) – Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China deepened fears that the global economy will slow and lower crude demand. FILE PHOTO: A view shows the Gazprom Neft’s oil......
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Reuters - Business

Oil prices drop to lowest in more than a year as coronavirus spreads

Reuters
by Reuters011
NEW YORK (Reuters) – Oil prices fell to their lowest in more than a year on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline, and on concerns that the virus could spread across the United States. FILE......
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Reuters - Business

Oil inches up on U.S. crude inventories, coronavirus limits gains

Reuters
by Reuters02
NEW YORK (Reuters) – Oil prices edged up on Wednesday after U.S. crude in storage grew less than expected and gasoline inventories dropped, but hundreds of new coronavirus cases reported in Asia, Europe and oil-producing countries in the Middle East limited gains. FILE PHOTO: Pumpjacks are seen against the setting......
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Reuters - Business

World shares slump for fifth day, bets grow on interest rate cuts to counter damage

Reuters
by Reuters010
LONDON (Reuters) – World stocks tumbled for the fifth straight day on Wednesday, while safe-haven gold rose back towards seven-year highs and U.S. bond yields held near record lows after governments and health authorities warned of a possible coronavirus pandemic. FILE PHOTO: A passerby walks past in front of a......
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Reuters - Business

Pandemic fears jolt stock markets, bonds rally

Reuters
by Reuters012
TOKYO (Reuters) – Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic jolted Wall Street yet again and pushed yields on safe-haven Treasuries to record lows. FILE PHOTO: A passerby walks past in front of a stock quotation board......
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Reuters - Business

Oil rises on short-covering, hopes for deeper output cut by OPEC+

Reuters
by Reuters04
TOKYO (Reuters) – Crude prices inched higher on Wednesday as investors covered short positions after three sessions of losses and eyed potential supply cuts, even as fears of a coronavirus pandemic deepened. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China......
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Reuters - Business

Asian shares slump, bonds rally as virus fears grow

Reuters
by Reuters03
TOKYO (Reuters) – Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on safe-haven Treasuries to record lows. FILE PHOTO: A passerby walks past in front of a stock quotation board......
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Reuters - Business

Oil rises on short-covering despite growing fears over coronavirus

Reuters
by Reuters05
TOKYO (Reuters) – Crude prices edged up on Wednesday as investors covered short positions after three sessions of losses, even as fears deepened that the rapid spread of the coronavirus will lead to a global pandemic. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field......
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Reuters - Business

Asian stocks, Treasury yields fall as pandemic fears intensify

Reuters
by Reuters05
TOKYO (Reuters) – Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on safe-haven Treasuries to record lows. FILE PHOTO: A man walks past an electronic display showing Asian markets indices......
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Reuters - Business

Oil slips for 3rd day as virus fears outweigh supply cuts

Reuters
by Reuters04
LONDON (Reuters) – Oil slipped towards $56 a barrel on Tuesday, falling for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February......
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Reuters - Business

Oil steadies above $56 as supply constraints counter virus fears

Reuters
by Reuters05
LONDON (Reuters) – Oil steadied above $56 a barrel on Tuesday after two days of declines as OPEC output cuts and Libyan supply losses balanced concerns about the spread of the coronavirus and its impact on oil demand. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February......
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