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Lithium Prices Steady Amid Sluggish Chinese Demand; Miners Secure Floor-Price Contracts
Spot lithium carbonate prices in China held near 136,000 yuan per ton as buying activity slowed. Australian miner PLS Group signed a two-year supply deal with Canmax Technologies featuring a $1,000 per ton floor price.
Oil Prices Dip Amid Strait of Hormuz Tensions, Traders Await U.S. Inventory Data
Brent crude declined 0.35% to $68.80 per barrel as geopolitical risks in the Strait of Hormuz persisted. Market participants are focused on upcoming U.S. stockpile figures and developments regarding Iran and EU sanctions.
Heating Oil Futures Dip as Geopolitical Tensions Ease, Traders Eye Inventory Data
NYMEX heating oil futures declined 0.7% to $2.3996 per gallon, tracking a pullback in crude oil. Market focus shifts to Wednesday's U.S. distillate inventory report for direction.
Gasoline Futures Gain Amid Geopolitical Tensions, Traders Eye Inventory Data
RBOB gasoline futures rose over 1% as U.S.-Iran tensions near the Strait of Hormuz kept traders cautious. The national average pump price increased to $2.921 per gallon.
Mortgage Rates Hold Steady Near 6.3% as Key Economic Data Awaited
U.S. 30-year fixed mortgage rates remained near 6.28% early Tuesday, with markets focused on upcoming employment and inflation reports. Rocket Companies shares gained in premarket trading.
Oil Prices Retreat as Hormuz Tensions Offset by Supply Resilience
Brent crude edged lower Tuesday, paring gains from a geopolitical risk rally sparked by U.S. warnings near Iran. Market focus shifts to inventory data and OPEC's monthly report.
Oil Prices Retreat as Geopolitical Tensions Maintain Supply Risk Premium
Brent and WTI crude declined Tuesday amid heightened U.S.-Iran tensions and new maritime guidance for the Strait of Hormuz. Traders await U.S. inventory data for further market direction.
Markets Await Retail Sales Data and Treasury Auction Amid Flat Futures
U.S. stock futures held steady early Tuesday as investors braced for December retail sales figures and a $58 billion 3-year Treasury note auction. The Dow closed at a record high for a second consecutive session on Monday.
Natural Gas Futures Extend Losses on Milder Weather Outlook, Storage Data Awaited
U.S. natural gas prices declined further early Tuesday, pressured by forecasts for warmer late-February weather reducing heating demand. Market attention turns to Thursday's storage report for signs of inventory trends.
XRP Gains 2.5% to $1.42 Amid Binance Fee Waiver and Ripple Custody Expansion
XRP rose 2.5% to $1.42, recovering from last week's 12% drop, as Binance launched zero-fee trading and Ripple expanded custody partnerships. Traders await Ripple's Community Day and key U.S. economic data.
Bitcoin Retreats Below $70K Amid ETF Inflows and Strategy Purchase
Bitcoin trades near $68,900 as spot ETFs attract $144.9 million in net inflows. Strategy adds $90 million in BTC, while gold holds above $5,000 ahead of key U.S. economic data.
Cisco Unveils AI Networking Chip, Intensifying Competition with Nvidia and Broadcom
Cisco Systems introduced its new Silicon One G300 networking chip for AI data centers, aiming to challenge incumbents Nvidia and Broadcom. The announcement comes as Cisco's stock hit a 52-week high ahead of its quarterly earnings report.