GLOBAL MARKETS-Shares capped as Fed offers no stimulus clue
TOKYO, July 12 (Reuters) - Asian shares barely budged as the U.S. Federal Reserve appeared to put off taking more aggressive stimulus steps until economic conditions worsen, offering investors few reasons to take risks with second-quarter earnings painting a globally gloomy picture.
"Investors will be disappointed by the prospects that there may likely be no decisive, growth-stimulating measures on the near horizon while worries of a slowing economy continue to nag," said Park Suk-hyun, an analyst at KTB Securities.
COMMODITIES-Oil jumps as stockpiles drop; corn, soy down
NEW YORK, July 11 (Reuters) - Crude oil closed up more than 2 percent on Wednesday to recover the previous session's losses after data showed a decline in U.S. crude stockpiles last week, while metals, sugar and coffee also posted gains.
"The Fed policymakers still don't know what to do and are waiting for more information. If the economy deteriorates, then they will act," said Jason Schenker at Prestige Economics in Austin, Texas.
US crude stocks fall modestly, products mixed-API
NEW YORK, July 10 (Reuters) - U.S. crude inventories fell less than analysts had expected last week, and oil product inventories were mixed as gasoline stocks rose and distillates fell, according data from the American Petroleum Institute showed on Tuesday.
Crude inventories fell by 695,000 barrels in the week to July 6, compared with a forecast for a 1.2 million barrel decline in a Reuters poll of analysts.
OIL-Oil up 2 pct, Brent paces on tight North Sea outlook
NEW YORK, July 11 (Reuters) - Crude oil futures surged on Wednesday, ending more than 2 percent higher after a volatile session despite a mixed message from the U.S. Federal Reserve that it may opt for more easing policies, but only if the economy weakens further.
"Today's FOMC meeting (minutes) weighed heaviliy on equities and the euro but was largely shrugged off by the energy complex," said Jim Ritterbusch, president of the Ritterbusch & Associates consultancy in Galena, Illinois.
NATURAL GAS- US natgas futures up 2 pct ahead of Thursday's EIA data
NEW YORK, July 11 (Reuters) - U.S. natural gas futures closed higher on Wednesday, lifted by technical buying ahead of Thursday's weekly inventory report and by forecasts for warmer weather later this week and next week that should increase air conditioning use.
"It's been a very choppy market, but I think we're going to test higher levels. The storage surplus, while still big, should continue to shrink with more hot weather ahead," a New England-based broker said, noting expectations that government data on Thursday will show another below average storage build.
EURO COAL-S.African prices slide as more offers seen
LONDON, July 11 (Reuters) - South African physical prompt coal prices fell sharply for the fourth day running as more sellers emerged and buyers withdrew, waiting for lower numbers.
"There were far more buyers a few weeks ago but for August cargoes in particular, it seems to be almost all sellers," one trader said.
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