Oil prices set for 2nd annual loss
LONDON, Dec 31 (Reuters): Oil prices were on track to end 2024 with a second consecutive year of losses on Tuesday, but were steady on the day as data showing an expansion in Chinese manufacturing was balanced by Nigeria targeting higher output next year.Brent crude futures fell by 7 cents,...
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Copper gains 4.1pc in 2024 as positive China data counters strong dollar
SHANGHAI, Dec 31 (Reuters): Most base metal prices rose within tight ranges on the last trading day of 2024, with copper posting a 4.1 per cent year-on-year increase, driven by encouraging factory activity data from China that outweighed pressure from a stronger US dollar.China's manufacturing activity expanded for a third...
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Soy, wheat on track for 2nd annual drop
PARIS/SINGAPORE, Dec 31 (Reuters): Chicago soybean, wheat and corn futures were set for second straight annual declines on Tuesday as world supplies remained ample, though weather concerns helped prices regain some ground at the year's end.Forecasts of dry conditions for corn and soy crops in Argentina as well as poor...
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Palm oil futures posts 19.4pc annual gain
JAKARTA, Dec 31 (Reuters): Malaysian palm oil futures closed with a 19.43 per cent annual gain on Tuesday, snapping two consecutive years of losses, although the market traded lower for the day due to a lack of fresh buying at the year-end.The benchmark palm oil contract for March delivery on...
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Cocoa set to post strong gains in 2024
LONDON, Dec 31 (Reuters): New York cocoa futures rose on Tuesday and were set to be the strongest performing commodity in 2024, driven by poor crops in Africa, which accounts for about 70 per cent of production.Coffee prices have also risen strongly this year but sugar futures were set to...
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