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By John Kemp LONDON, May 10 (Reuters) – Hedge funds boosted their position in petroleum for the fourth week running, as bullishness about oil consumption and prices rebounded after the setback in March. Hedge funds and other money managers purchased the equivalent of 40 million barrels in the six most important petroleum futures and options...
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SAO PAULO, May 7 (Reuters) – The new chief executive of state-controlled power holding company Eletrobras said the company may lead the energy transition movement in Brazil with new technology and capex after its privatization. During his swearing in ceremony, Rodrigo Limp said the company needs to raise capital to keep being a leader in...
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By Rollo Ross May 6 (Reuters) – In the desert just north of Las Vegas, a long white metal tube sits at the base of the mountains, promising to one day revolutionize travel. That is where Virgin Hyperloop, whose partners include Richard Branson’s Virgin Group, is developing the technology for passenger pods that will hurtle...
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May 5 (Reuters) – Orioles pitcher John Means said he felt the presence of his late father as he clinched his team’s first no-hitter since 1969 on Wednesday, after an exhausting and near-perfect 12-strikeout performance. After firing off 113 pitches to seal the 6-0 victory over the Seattle Mariners, Means’ teammates swarmed him near the...
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By John Kemp LONDON, May 4 (Reuters) – Hedge funds boosted their position in petroleum for the third week running, confirming increasing confidence over rising prices for the rest of the year. Though the increases were small, with money managers purchasing the equivalent of 30 million barrels in the six most important petroleum futures and...
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Ethereum bulls may curb enthusiasm as potential correction looms Troubling signs dog EUR/USD ahead of Friday’s US jobs report Haven dollar firms vs yen amid risk aversion and before key U.S. data Sterling bulls see red above 1.3900, reduce longs ahead of BoE May 4 (Reuters) – The dollar rose on Tuesday, as sharp losses...
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By Clyde Russell LAUNCESTON, Australia, May 4 (Reuters) – The price of spot liquefied natural gas (LNG) for delivery to north Asia has started its traditional summer rally early this year as buyers fret about the potential for supply shortages when the peak demand season arrives. The spot price LNG-AS rose to $8.85 per million...
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EUR/USD shorts might have to rethink after ISM disappointment Sterling bulls working overtime, break 10-DMA resistance by 1.3901 Dollar finds buyers vs yen by 21-day moving average after ISM rethink May 3 (Reuters) – The dollar fell broadly on Monday, reversing early gains and halting the previous session’s month-end rebalancing rally as below-forecast U.S. manufacturing...
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Health care stocks were extending their Monday advance, with the NYSE Health Care Index this afternoon rising 1.1% while the SPDR Health Care Select Sector ETF also was up 1.1%. The Nasdaq Biotechnology index was climbing 0.2%. In company news, Brooklyn (BTX) rose almost 30% after saying it acquired a license for an mRNA gene...
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