* Mercuria cancels nearly 100,000 tons aluminium in LME warehouses * Aluminium premiums soar in US and Europe due to shortages By Pratima Desai LONDON, March 11 (Reuters) - Commodity trader Mercuria plans to withdraw large volumes of aluminium from LME warehouses, according to three sources, as the shutdown of the Strait of Hormuz freezes Middle East shipments and further...

12:12 PM EDT, 03/11/2026 (MT Newswires) -- (Updates with additional information in the second and third paragraphs.) The International Energy Agency's 32 member countries agreed to release a record 400 million barrels of oil from their emergency reserves to combat disruptions in markets stemming from the war in Iran, the IEA said Wednesday. The UK government said Wednesday it will...

Prediction market traders correctly bet Oracle Corp. ( ORCL ) would beat earnings. They were dead wrong about what was said on the earnings call. ORCL shares are up roughly 12% today after the company posted $1.79 in adjusted EPS against the $1.71 consensus, on revenue of $17.19 billion versus $16.91 billion expected. Polymarket traders had priced a 77% chance...

March 11 (Reuters) - A sale of drilling rights in the Gulf of Mexico on Wednesday ended with $46.98 million in high bids from oil and gas companies, with a single bid from BP accounting for nearly half of the total, according to a livestreamed U.S. government auction. The sale, conducted by the U.S. Bureau of Ocean Energy Management, yielded...