Oil prices rise 1pc as supply risks remain in focus
LONDON, Jan 16 (Reuters): Oil prices rose slightly on Friday as supply risks remained in focus despite the receding likelihood of a US military strike against Iran.Brent crude gained 66 cents, or 1.04 per cent, to $64.42 a barrel by 1302 GMT, on course for a fourth consecutive weekly gain....
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Copper hits one-week low
BEIJING, Jan 16 (Reuters): Copper prices hit a one-week low on Friday on profit-taking after a rally led by speculative funds while demand from physical buyers in China was muted. Benchmark three-month copper on the London Metal Exchange was down 1.4 per cent at $12,925 a metric ton in official...
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Gold eases as strong US data, easing geopolitical tensions sap momentum
Gold prices extended losses from the previous session on Friday, as stronger-than-expected US economic data and easing geopolitical tensions in Iran hampered bullion's bullish momentum, reports Reuters.Spot gold eased 0.1 per cent to $4,610.86 per ounce by 1217 GMT. However, the metal is poised for a weekly gain of about...
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New York cocoa rises from two-year lows
LONDON, Jan 16 (Reuters): New York cocoa futures on the ICE exchange recovered on Friday from near two-year lows hit in the prior session as demand weakness was seen as already priced in following data from Asia.CocoaNew York cocoa rose 1.2 per cent to $5,026 a metric ton at 1310...
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Asia spot LNG prices rise as cold weather forecasts lift demand
SINGAPORE, Jan 16 (Reuters): Asia spot liquefied natural gas rose this week on the back of a colder weather outlook that spurred some demand, lifting prices to their highest levels in six weeks.The average LNG price for March delivery into Northeast Asia was estimated at $10.10 per million British thermal...
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