GLOBAL MARKETS-Shares pressured by growth worries despite stimulus, focus on US jobs
TOKYO, July 6 (Reuters) - Asian shares paused, pressured by falls overnight in global shares as sentiment remained cautious despite new stimulus steps taken by three major central banks, with focus now pinned to the U.S. jobs data due later in the day.
"We expect to see fresh 2012 lows in the EUR/USD as the fundamental outlook for the region turns increasingly bleak," said David Song, currency analyst at DailyFX.
COMMODITIES-"Sell the fact" douses rally as central banks ease
LONDON/NEW YORK, July 5 (Reuters) - Commodities failed to get a boost on Thursday from efforts by the central banks of the UK, Europe and China to prop up flagging growth, with copper and gold sliding as the dollar spiked against the euro.
"You are getting a very strong 'sell the fact' move off these global rate moves this morning," said Mike Guido, managing director of hedge fund sales and energy markets at Macquarie in New York.
OIL-Brent up on Norway supply woes, some policy easing
NEW YORK, July 5 (Reuters) - Brent crude oil futures rose on Thursday, ending at a five-week high on worries about tighter supplies following a lockout of striking oil workers in Norway and hopes that some policy-easing steps by some central banks would improve oil demand.
"You are getting a very strong 'sell the fact' move off these global rate moves this morning," said Mike Guido, managing director of hedge fund sales and energy markets at Macquarie in New York.
POLL-US crude stocks drop sharply; Debby hits imports -EIA
July 5 (Reuters) - U.S. crude oil stocks dropped more sharply than expected last week after Tropical Storm Debby disrupted imports, while improving demand kept most refiners operating at high rates, government data showed on Thursday.
Domestic stocks of crude, excluding oil held in the Strategic Petroleum Reserve, dropped 4.27 million barrels to 382.9 million barrels in the week to June 29, the Energy Information Administration reported.
Iran losing billions as oil exports extend slump
SINGAPORE/TOKYO, July 5 (Reuters) - Iran will see its July oil exports more than halved from regular levels seen last year because tough new Western sanctions are stifling flows and costing Tehran more than $3 billion in lost revenue per month.
Declining oil exports, the lifeblood of the Iranian economy, will increase Tehran's struggle to contain spiralling inflation and mounting unemployment amid its standoff with the West over its nuclear programme.
Brazilian oil, gas output rises 1.89 pct in May
RIO DE JANEIRO, July 5 (Reuters) - Brazilian oil and natural gas output rose 1.89 percent i n May from April to 2.78 million barrels of oil and gas equivalent a day (boepd) as crude output from giant, new offshore fields increased, Brazil's oil agency ANP said on Thursday.
Production fell 0.5 percent compared with a year earlier, the ANP said in its monthly "Oil and Natural Gas Production Bulletin."
OPEC exports to rise in 4 weeks to July 21-analyst
LONDON, July 5 (Reuters) - Seaborne oil exports from OPEC, excluding Angola and Ecuador, will rise by 410,000 barrels per day (bpd) in the four weeks to July 21, an analyst who estimates future shipments said on Thursday.
Exports will reach 24.13 million bpd on average, compared with 23.72 million bpd in the four weeks to June 23, UK consultancy Oil Movements said in its latest weekly estimate.
NATURAL GAS-Sweltering heat boosts U.S. natgas
NEW YORK, July 5 (Reuters) - U.S. natural gas futures ended higher on Thursday buoyed by strong gas-fired power demand as scorching heat blazed through much of the U.S. and homes and businesses cranked up the air conditioning.
"It looks like around mid-month the Northeast trough will be replaced with another similar ridge building west from the mid Atlantic Ocean hooking up with the mid U.S. ridge to form another hot week," said Jerry Paul, senior meteorologist with Weather Insight, a Thomson Reuters company, in Houston.
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