Commodities & Futures News

MONTREAL (Reuters) - The Quebec government on Wednesday said it would spend C$863 million ($657 million) over five years to mitigate the impact of U.S. tariffs on companies and the Canadian province's agriculture sector.

(Bloomberg) -- Copper plunged into a bear market as concerns mount that Turkey’s financial crisis and the U.S.-China trade spat will stymie global economic growth.

MONTREAL (Reuters) - The Quebec government on Wednesday said it would invest C$863 million ($657.32 million) over five years to help mitigate the impact of U.S. tariffs on companies, including the Canadian province's agriculture sector.

Metal prices were hurt by an ongoing rise in the dollar and worries that an economic crisis in Turkey could spread to emerging markets which would hit already fragile demand for commodities.

U.S. crude prices plunged further on Wednesday, hitting an eight-week low after data showed that U.S. oil stockpiles rose unexpectedly last week.

MEXICO CITY (Reuters) - Mexico's government said on Wednesday it has set a sugar export quota to the United States of 750,876.9 tonnes for the cycle that runs from Oct. 1, 2018 to Sept. 30, 2019.

Gold prices fell to fresh one-and-a-half year lows on Wednesday as the broadly strong dollar continued to weigh on demand for bullion.

By Henning Gloystein

MOSCOW (Reuters) - Russia's President Vladimir Putin will hold "a possible energy dialogue" amid other bilateral issues with his Turkmen counterpart Kurbanguly Berdymukhamedov later on Wednesday, Kremlin spokesman Dmitry Peskov told a conference call with reporters.

By Christopher Johnson

BEIRUT (Reuters) - Iranian Oil Minister Bijan Zanganeh will attend a meeting of an OPEC/non-OPEC committee that monitors output compliance, known as the JMMC, in Algeria in September, the Iranian Students' News Agency (ISNA) reported on Wednesday.

By Henning Gloystein

By Jessica Jaganathan and Chen Aizhu

Gold prices fell below the $1,200 mark on Wednesday as the demand for U.S. dollar went up amidst the Turkish lira contagion crisis.

By Henning Gloystein

Oil prices fell on Wednesday after data from the American Petroleum Institute (API) showed increased U.S. crude inventories in the week to Aug 10.

BEIJING (Reuters) - China will keep its economic growth within a reasonable range in the second half of the year, and will ensure that its full-year growth target is achieved, the country's state planner said on Wednesday.

By Henning Gloystein

By Keith Coffman

By Keith Coffman

DENVER (Reuters) - Nine people were injured, one of them critically, on Tuesday when a natural gas explosion leveled a Denver apartment building on Tuesday, a fire department spokesman said.

DENVER (Reuters) - A natural gas explosion leveled a Denver apartment building on Tuesday, injuring several people and trapping an unknown number of residents in the rubble, local media reported.

(Bloomberg) -- The giant rocky outcrop known by locals as La Cobaltera offers a glimpse into northern Chile’s mining past, and a hint of its future.

Metal prices remained under pressure Tuesday as gold hovered just above $1,200, while copper fell sharply after the dollar printed fresh intraday highs for the year.

Oil prices traded higher on Tuesday as Saudi Arabia cut production by more than originally thought and traders awaited weekly data on U.S. output.