Commodities and Energy Page Editor: David Gregorio, New York newsrom, 646-223-6225 Provided by: Reuters News Updated: 18 September 2008 4:09:47 (GMT+07:00)
Gold soars as safe haven from Wall Street NEW YORK, Sept 17 (Reuters) - Gold logged its biggest price advance ever on Wednesday and oil snapped a two-day rout as fears that the bailout of U.S. insurer AIG would not end the turmoil on Wall Street restored the luster of an established safe haven. Story ID: nN17240135 Oil rises $6 as hurricanes fray US stockpiles NEW YORK, Sept 17 (Reuters) - Oil prices shot up $6 on Wednesday, the largest one-day percentage gain in three months, as a U.S. government report showed nationwide energy inventories fell in the aftermath of the Gulf Coast hurricanes and the greenback slid against the euro. Story ID: nSP358395 US wheat rallies 5 pct as commodis bounce back CHICAGO, Sept 17 (Reuters) - U.S. wheat futures rallied more than 5 percent on Wednesday, recovering from the lowest level in more than a year as crude oil rebounded, gold soared and the dollar eased. Story ID: nSP254691 U.S. says may seek emergency gasoline supplies WASHINGTON, Sept 17 (Reuters) - The Bush administration was considering asking the International Energy Agency to release emergency gasoline and diesel fuel to the United States after hurricanes pushed gasoline stocks to their lowest level on record, a cabinet official said on Wednesday. Story ID: nN173018 US ethanol makers hit by cash crunch, corn prices SAN FRANCISCO/NEW YORK, Sept 17 (Reuters) - Shares of U.S. ethanol makers took a beating on Wednesday as they wrestle with unpredictable corn prices and dwindling cash piles at a time when capital markets look unlikely to provide easy financing. Story ID: nN17284282 Nigeria militants threaten broader "oil war" PORT HARCOURT, Nigeria, Sept 17 (Reuters) - Nigerian militants threatened on Wednesday to broaden their "oil war" to offshore oilfields and announced attacks on a crude oil pipeline in the Niger Delta and another Shell-operated facility. Story ID: nLH312392 Gold posts historic gains on flight to safety NEW YORK/LONDON, Sept 17 (Reuters) - Gold posted a record one-day gain in absolute dollar terms on Wednesday, hitting a near six-week high with investors fleeing to safety as they watched the carnage on stock markets and expected further losses. Story ID: nLH518535 Copper nears eight-month low on financial turmoil LONDON, Sept 17 (Reuters) - Copper dropped towards an eight-month low on Wednesday as demand worries and financial turmoil prompted risk-averse investors to reduce positions, while stock rises pulled aluminium to a 7-1/2-month low. Story ID: nLH423193 China demand caps copper, aluminium stocks up LONDON, Sept 17 (Reuters) - Copper gained slightly on Wednesday with sentiment capped by demand woes from top consumer China and prices took little notice of a U.S. bailout of troubled insurer American International Group (AIG). Story ID: nLH423193 Nigeria militants threaten broader "oil war" PORT HARCOURT, Nigeria, Sept 17 (Reuters) - Nigerian militants threatened on Wednesday to broaden their "oil war" to offshore oilfields and announced attacks on a crude oil pipeline in the Niger Delta and another Shell-operated facility. Story ID: nLH312392 Cost of Petro-Canada oil sands project balloons CALGARY, Alberta, Sept 17 (Reuters) - The cost of Petro-Canada's Fort Hills oil sands project has ballooned by 50 percent to as much as C$21 billion ($19.6 billion), putting the proposal's viability into question and hammering the shares of its smallest partner. Story ID: nN17503011 Copyright © 2008 Reuters News
