Oil rises on upbeat China data, Middle East tensions
Oil prices rose more than 1 per cent on Monday, supported by strong factory activity in China, the world's second-largest oil consumer, and escalating tensions in the Middle East, where Israel resumed attacks on Lebanon despite a ceasefire deal, reports Reuters.Brent crude futures climbed 84 cents, or 1.17 per cent,...
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Gold drops 1pc after four sessions of gains as dollar strengthens
Gold dropped 1 per cent on Monday, ending a four-session winning streak, weighed down by a robust US dollar, as investors eyed upcoming economic data and remarks from Federal Reserve officials for clues on the future of US interest rates, reports Reuters.Spot gold was down 0.5 per cent to $2,640.93...
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Airbus deliveries top 80 aircraft in November
PARIS, Dec 2 (Reuters): Airbus deliveries rose sharply in November to more than 80 jets as the planemaker recovered from a downturn and made progress towards year-end targets, industry sources said.The world's largest planemaker declined comment on the monthly deliveries, which are due to be announced on Dec. 6 following...
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Palm oil snaps five-day rally
JAKARTA, Dec 2 (Reuters): Malaysian palm oil futures fell on Monday, snapping a run of five consecutive sessions of gain, dragged down by weakness in Dalian and Chicago soyoil prices and lower exports in November.The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange lost 62...
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Wheat falls on supply pressure -
SINGAPORE/HAMBURG, Dec 2 (Reuters): Chicago wheat fell on Monday, pressured by low prices in export markets offered for wheat from Argentina, Russia and other Black Sea producers, with dealers shrugging off new Russian export quotas.Soybeans were slightly weaker, with expectations of strong US export sales weighing against forecasts of record-large...
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