GLOBAL MARKETS-ECB's Draghi warms risk appetite, lifts shares
TOKYO, July 27 (Reuters) - Asian shares rose and the euro held steady on Friday after the European Central Bank signalled its resolve to defend the euro zone, raising expectations it will move quickly to tackle skyrocketing borrowing costs in countries like Spain.
"Expectations have heightened after Draghi's remarks for the ECB to do something next week, along with an expected rate cut," said Yuji Saito, director of foreign exchange at Credit Agricole Bank in Tokyo.
COMMODITIES-ECB pledge lifts oil, metals; rain pressures grains
NEW YORK, July 26 (Reuters) - Oil rose for a third straight day on Thursday and most other commodities ended up as well after the European Central Bank pledged to do all it could to prevent a euro zone collapse.
"The comments by Draghi are likely to bring that confidence back," said Eugen Weinberg, head of commodities research at Frankfurt's Commerzbank.
UK natural gas future clouded by CO2
--Gerard Wynn is a Reuters market analyst. The views expressed are his own--
LONDON, July 26 (Reuters) - Natural gas has strong political support in Britain, shown by a tax break choreographed this week to balance support for wind power, but it is also on a collision course with the country's carbon emissions targets.
That pits the country's energy and climate change ministry against the Treasury, and ranges arguments for a green economy against affordability, splitting the coalition government and suggesting doubt will continue to cloud the fossil fuel's future.
OIL-Oil rises a third day on Draghi pledge, U.S. data
NEW YORK, July 26 (Reuters) - Oil futures rose for a third straight day on Thursday after a pledge by the European Central Bank to protect the euro zone eased some worries about the region's debt crisis.
"The comments by Draghi are likely to bring that confidence back," said Eugen Weinberg, head of commodities research at Commerzbank.
NATURAL GAS-US natural gas futures end up, 6th gain in 7 sessions
NEW YORK, July 26 (Reuters) - U.S. natural gas futures ended higher on Thursday in a seesaw session, underpinned by a slightly supportive weekly inventory report and fairly warm weather forecasts for the next two weeks that should continue to lift demand and slow storage builds.
"Above normal temperatures still are a positive for natural gas prices even though the current forecast is not as severe as the temperatures actually were back in June," said the Energy Management Institute's Dominick Chirichella.
EURO COAL-Prices steady, Oct ARA trades at $90/T
LONDON, July 26 (Reuters) - Physical prompt coal prices moved only slightly higher by around 25 cents on Thursday to touch $90.00 a tonne with an October DES trade, but activity remained minimal. "The indexes (of benchmark prices) are not accurate - the market is really weaker than they show," one European trader said.
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