GLOBAL MARKETS-Markets gain modestly as Greece passes austerity bill
TOKYO, Feb 13 (Reuters) - Asian shares and the euro gained modestly on Monday, relieved by the Greek parliament's passage of austerity measures which put the country a step closer to securing a much-needed bailout fund and avoiding a messy default. "Given that the recent risk-taking sentiment has been based on an assumption that a disorderly default will be avoided, the approval confirms that this assumption is still valid and will support sentiment," Junya Tanase, chief currency strategist at JPMorgan Chase in Tokyo.
COMMODITIES-Markets retreat as dollar rises on Greek bailout woes
NEW YORK, Feb 10 (Reuters) - Oil and copper fell sharply on Friday, snapping their run this week to multi-month highs, and crop prices extended a bearish streak after the dollar rose on doubts over Greece's latest bailout deal.
"The market has paused for breath after its sustained rally," Mark Thomas, energy trader for Marex Spectron in London, said, referring to Friday's retreat in both U.S. crude and London's Brent oil.
NYMEX-Crude falls on Greek, oil demand worries
NEW YORK, Feb 10 (Reuters) - U.S. crude oil futures fell on Friday for the first time in four sessions after a far-right party in Greece refused to sign off on austerity measures, denting the country's efforts to secure an EU-IMF bailout package to avoid a crippling debt default.
"The market appears to be pricing in a worst-case scenario that would include the possibility of further slippage in the euro back to below the $1.30 area," said Jim Ritterbusch, president of Ritterbusch & Associates in Galena, Illinois.
Italy sees gas shortfall from Russia on Sunday
MILAN, Feb 12 (Reuters) - Italy, a major consumer of Russian gas in Europe, expects to inject 93.5 million cubic metres (mcm) of gas from Russia into the national network on Sunday compared with the 107.5 mcm requested, data from gas transport network Snam showed.
The 13 percent shortfall in Russian gas flows compares with the 13.7 percent shortfall seen on Saturday.
US oil demand to be sluggish for years: Lee Raymond
boost domestic oil demand in the short term, the former head of oil supermajor ExxonMobil told Reuters.
Lee Raymond, 73, is renowned in the industry as the chief executive and chairman of Exxon from 1993 to 2005, including after its merger with Mobil in 1999 to form the world's largest listed oil company. The South Dakota native is today a director of bank JPMorgan Chase , among other positions.
US natgas futures mostly end higher ahead of cold wkend
NEW YORK, Feb 10 (Reuters) - U.S. natural gas futures mostly ended higher on Friday, with chilly weekend forecasts and reports of some production cuts underpinning prices despite a light weekly inventory withdrawal and a milder extended weather outlook.
"Producers have created some support by talking about shut ins, and we've got a cold spell moving across the country now, but the weather outlook is not very supportive after Tuesday," said Steve Mosley at SMC Advisory Services in Arkansas.
Euro Coal-Prices dip again, stockpile space fills
LONDON, Feb 10 (Reuters) - Prompt physical coal prices slipped by around 75 cents for the third day running, despite freezing European weather that has boosted gas and power values due to a surge in heating demand, because utilities have little available storage space.
"If anybody was to be buying actively right now, it ought to be the big utilities who can play the contango, if they've got space to stockpile," one European trader said.
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