World oil market may be tighter than it looks: IEA

VIENNA, July 12 (Reuters): The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand.The IEA, which advises industrialised countries, expects global supply to...

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Coffee prices hit 10-day high

NEW YORK, July 12 (Reuters): Arabica coffee prices hit a 10-day high on Friday as investors focussed on Brazil's threat to retaliate should the Trump administration proceed to impose 50% tariff on Brazilian imports, but receded late in the trading session to end lower.Brazil is the world's largest grower and...

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Cotton prices extend losses on higher output forecast

ICE cotton futures extended their decline on Friday, weighed down by a stronger US dollar and a US Department of Agriculture (USDA) report projecting higher production and ending stocks of the natural fiber for the 2025/26 crop year, reports Reuters.Cotton contracts for December fell 0.36 cent, or 0.5%, to 67.37...

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