Commodities & Futures News

By Henning Gloystein

By Brendan Pierson

By Richard Leong and Trevor Hunnicutt

(Bloomberg) -- To replicate the kind of shale boom taking place in America’s Permian Basin, Argentina first needs to convince investors it can avoid another financial crisis.

By Barani Krishnan

Gold prices lost ground on Tuesday as a wave of better-than-expected earnings stateside supported risk sentiment and investors opted for equities.

By Rania El Gamal

By Noah Browning

(Reuters) - The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran's Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Islamic Republic News Agency (IRNA) reported.

Oil prices pressed higher on Tuesday, marking fresh 2019 highs, after the White House confirmed that it will not extend waivers for countries that had previously allowed them to purchase Iranian crude.

BEIJING (Reuters) - China's Foreign Ministry said on Tuesday it has formally complained to the United States over its decision to end waivers on sanctions on Iranian oil imports, adding another fault line to already complicated Beijing-Washington ties.

Oil prices rallied to near six-month highs on Tuesday, after the United States said it was ending all sanctions waivers for countries buying Iranian crude.

By Noah Browning

By Henning Gloystein

DUBAI (Reuters) - Saudi Arabia's foreign minister on Tuesday welcomed a U.S. decision to end all Iran sanction waivers by May, saying it was a necessary step to halt Tehran's "destabilizing" policy in the region.

(Bloomberg) -- Saudi Arabia will coordinate with other crude producers to ensure that adequate supplies are available and the market “does not go out of balance,” Energy Minister Khalid Al-Falih said, after the U.S. ended waivers for buyers of Iranian oil.

(Bloomberg) -- The outlook for commodities is bullish, according to Citigroup Inc (NYSE:C)., which expects raw materials to be supported by a confluence of positive factors including the agreement of a trade deal between Washington and Beijing, improved demand from China, and a weaker dollar.

BEIJING (Reuters) - China's Foreign Ministry said on Tuesday it has lodged representations with the United States over Washington's plan to end waivers for Iranian oil imports.

By Henning Gloystein

Prices of the safe-haven gold failed to sustain early-session gains following news that the U.S. will end Iran sanctions waivers.

Oil prices traded higher on Tuesday in Asia and are near six-month highs following reports that White House decided not to extend waivers for all oil buyers that previously allowed them to purchase of some Iranian crude.

By Stephanie Kelly and Jarrett Renshaw

By Henning Gloystein

(Bloomberg Opinion) -- The price of oil surged as much as 3 percent Monday after the Trump administration said it would not renew waivers that let countries buy Iranian oil without facing U.S. sanctions. Logically, this should have hit the equity markets pretty hard. After all, with all the talk about a looming recession, companies and consumers surely wouldn’t be able to weather a rise in energy prices. But in a sign that perhaps the economy is doing just fine, equities managed to hold up fairly well.

(Bloomberg) -- A deal ending the trade spat between the U.S. and China would boost container shipments of grain, wheat and soybeans, according to the head of Japan’s largest container-shipping company.