GLOBAL MARKETS-Shares, euro capped by Greek deal, Portugal
TOKYO, Jan 31 (Reuters) - Asian shares and the euro struggled on Tuesday as stumbling talks on Greek debt restructuring reignited concerns over funding in other highly indebted countries, with markets starting to worry that Portugal might need a second bailout.
"Even if the Greece secures a Private Sector Initiative deal and meets its 14.5 billion euro payment on March 20, the fiscal and growth objectives of the austerity efforts in Athens and Rome have yet to be mulled by IMF monitors, not to mention the liquidity difficulties encountered by Portuguese sovereign bonds," he said.
Oil falls on euro zone worry, eyeing Iran
NEW YORK, Jan 30 (Reuters) - Oil prices fell on Monday as stalled negotiations on a deal to restructure Greece's debt revived concerns about the economy while the risk that Iran might quickly halt crude exports to Europe limited losses.
"Today's downdraft was largely explained by a renewed risk-off trade that saw both the euro and the equities slide," Jim Ritterbusch, president at Ritterbusch & Associates, said in a note.
POLL-U.S. crude stocks seen up as imports rise
Jan 30 (Reuters) - U.S. crude oil inventories were expected to have risen last week for the second straight time due to a further recovery in imports, a preliminary Reuters poll of analysts showed on Monday.
Ahead of the weekly inventory reports, four of the six analysts polled expected a build in crude stockpiles for the week to Jan. 27, with the average forecast coming to 1.5 million barrels.
OPEC says EU ban on Iran oil to boost prices
LONDON, Jan 30 (Reuters) - The EU's embargo on Iranian oil exports will add upward pressure to oil prices, OPEC's secretary general said on Monday, even though there is no shortage of oil on the market.
Abdullah al-Badri also said he was not concerned about too much oil in the market, even though the Organization of the Petroleum Exporting Countries is pumping about 600,000 barrels per day (bpd) more than its new target of 30 million bpd.
China, Japan scramble for oil as Sudan shuts fields
SINGAPORE, Jan 30 (Reuters) - The shutdown in Sudanese oil supply could drive up already record premiums on spot crude markets as top Sudan customers China and Japan scramble for alternatives even as they weigh the impact on oil flows of international sanctions on Iran.
South Sudan has shut down its oil output, estimated at around 350,000 barrels per day (bpd), as it and neighbour Sudan row over how to disentangle their oil industries, borders and debt.
US natgas finishes lower on mild weather forecasts
NEW YORK, Jan 30 (Reuters) - U.S. natural gas futures reversed course and ended down slightly on Monday, as mild midweek weather forecasts offset some early follow-through buying and short covering after last week's strong gains.
"I think we saw a little short-covering after last week, but there's still a lot of doubt about how quickly producers will cut and how much of an impact that will have," said Steve Platt, analyst at Archer Financial in Chicago.
Euro Coal-Cold weather boosts coal, power, gas
LONDON, Jan 30 (Reuters) - Freezing weather across much of Europe boosted gas, coal and power futures prices on Monday while technical indicators suggest that the downtrend of the past few months may be over, utilities and traders said.
"It's all anticipation of what this cold weather could do to demand and prices across the markets, it's self-reinforcing," said Emmanuel Fages, analyst with Societe Generale in Paris.
COMMODITIES-Markets sink on dollar rally; soy, cocoa tumble
NEW YORK, Jan 30 (Reuters) - Most commodities closed lower on Monday as a strong dollar crushed raw materials priced in the currency, while crops such as soybeans and cocoa were further hurt by potential oversupplies and by demand concerns.
"It's difficult to see how this rally can continue," Jesper Dannesboe, a senior commodities strategist for Societe Generale, said, referring to copper.
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