Enbridge Earnings Rise With Favorable -2-

0902 GMT - Oil prices are headed for weekly losses on expectations of rising global supply and easing fears of imminent disruptions in the Middle East. Brent crude and WTI each rose 0.2% to $67.67 and $62.33 a barrel, respectively, though both benchmarks remain on track to post weekly losses of more than 0.5%. The International Energy Agency lowered its forecast for oil-demand growth this year and said supply is set to rebound following January's losses due to the U.S. winter storm. Meanwhile, comments from U.S. President Trump that he would prefer to secure a nuclear agreement with Iran and intends to continue negotiations helped ease fears of possible U.S. military involvement and any consequent disruption to oil supplies, market watchers say. ([e-mail])

--

Gold Rebounds Ahead of U.S. Inflation Data -- Market Talk

0841 GMT - Gold prices rebound after Thursday's slide as investors await the release of U.S. inflation data later on Friday for more cues on the path of interest-rate cuts this year. "Gold recovered part of its recent losses as dip-buyers returned ahead of key U.S. inflation data, rising as much as 1.4% after 3.2% drop in the previous session, its largest one-day fall in a week," says Soojin Kim from MUFG. "The earlier decline coincided with broader market jitters and was likely amplified by margin calls, algorithmic trading, and profit-taking." In early trading, futures in New York gain 1.1% to $5,002.10 a troy ounce and are on track for a modest weekly gain. Meanwhile, silver futures also recovered from the previous session's fall, rising 4% to $78.71 an ounce. ([e-mail])

--

Chinese Oil and Gas Majors Offer Effective Hedges Against Geopolitical Risks -- Market Talk

0816 GMT - Chinese oil and gas stocks remain effective hedges against geopolitical risks and offer attractive dividend yields, Morningstar equity research director Chokwai Lee says in a note. The oil and gas majors have outperformed the broader market alongside rising oil prices, though Lee expects crude to ease in the coming quarters as geopolitical risks subside. Morningstar maintains its valuations on Cnooc, PetroChina and Sinopec, noting their H shares appear fairly valued. Cnooc is the preferred pick, supported by its cost efficiency and production growth, with investors likely to focus on its capex plans and three-year outlook. Markets will also watch for guidance from PetroChina and Sinopec. While EV adoption pressures refined fuel demand, China's refinery output cap should aid industry consolidation and help offset headwinds.([e-mail])

-

Comex Gold Futures May Stage Rebound, Chart Shows -- Market Talk

0639 GMT - Comex gold futures may stage a rebound near the 20-day simple moving average, based on the daily chart, RHB Retail Research's Joseph Chai says in a research report. The 50-day simple moving average seems to be sloping upward, providing additional downside support, even though bullish momentum appears to be decelerating, the analyst says. If the commodity can stay above the $4,800/oz level, the technical setup continues to favor gold bulls, Chai adds. Spot gold is 0.7% higher at $4,956.89/oz. ([e-mail])

--

Bayer CropScience Likely a Pure Play on Agrochemical Consumption in India -- Market Talk

0621 GMT - Bayer CropScience is likely a pure play on agrochemical consumption in India, Elara Securities (India)'s analysts say in a research report. The Indian agricultural solutions provider plans to prioritize product launches, which would help it regain lost market share in some crops, the analysts say. The company's strategic initiatives such as portfolio prioritization and timely lifecycle management should improve profitability through its crop protection portfolio. The brokerage lifts its FY 2026-2028 earnings forecasts for the company by around 11%-17%. It revises the stock's rating to buy from accumulate and raises the target price to INR6,100.00 from INR5,167.00. Shares are 1.2% lower at INR4,775.00. ([e-mail])

--

Upside Momentum in WTI Oil Futures Likely Fading, Technical Analysis Shows

0219 GMT - The upside momentum in WTI crude oil futures appears to be fading, technical analysis shows, according to StoneX's Matt Simpson in commentary. A lower high formed on Wednesday with a shooting star candlestick pattern, followed by a bearish daily close beneath trend support on Thursday, says the senior market analyst. A three-wave correction could be unfolding against the futures' rally from $54.70/bbl, he says. There's a cluster of prior highs around $62.88/bbl, which could act as near-term support, though a sustained break below $62/bbl would expose the $60/bbl handle, Simpson adds. Front-month WTI crude oil futures are 0.1% higher at $62.88/bbl. ([e-mail])

Write to Barcelona Editors at [e-mail]

(END) Dow Jones Newswires

02-13-26 0908ET