Oil extends gains for fifth session on Mideast tensions and US data
LONDON, Aug 12 (Reuters): Oil prices rose for a fifth consecutive session on Monday, extending gains from the previous week's more than 3 per cent rise, as US recession fears eased and Middle East supply risks provided support.Brent crude futures were up 88 cents, or 1.1 per cent, at $80.54...
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Airlines suspend flights as Middle East tensions rise
Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space, reports Reuters.Following are some of the airlines that have adjusted services to and from the region:The Greek airline cancelled all its flights to and from...
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Ukrainian wheat offered lowest at $244 per tonne at Egypt tender
CAIRO, Aug 12 (Reuters): Ukrainian wheat has been offered lowest at $244 per tonne at Egypt's largest single tender, a price traders say is at a premium due to delayed payment terms and long shipping periods.Around 102 offers were submitted by 15 suppliers in the tender, which seeks 3.8 million...
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Gold firms as traders brace for key US inflation data
Gold prices inched higher on Monday on US interest rate cut optimism and brewing geopolitical tensions, while traders looked to key US inflation data due later this week for more monetary policy cues, reports Reuters.Spot gold rose 0.6 per cent to $2,444.79 per ounce as of 1234 GMT. US gold...
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Palm oil closes lower on weak August export
BEIJING/SINGAPORE, Aug 12 (Reuters): Malaysian palm oil futures ended lower on Monday, ending a two-session rise as softening exports in early August and a stronger ringgit outweighed tightening inventories.The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange closed 38ringgit, or 1.01 per cent, lower at...
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