Oil plunges 4pc as Iran supply disruption concerns ease
LONDON, Oct 15 (Reuters): Oil prices tumbled more than 4 per cent to a near two-week low on Tuesday due to a weaker demand outlook and after a media report suggested Israel would not strike Iranian oil targets, easing fears of a supply disruption.Brent crude futures fell $3.29, or 4.3...
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Corn and soybeans dive on good supplies
CHICAGO, Oct 14 (Reuters): US corn and soybean futures fell on Monday on supply pressure after the US government reiterated its bumper crop forecast while improving rains in Brazil eased concerns that a dry start to the planting season would dent its harvest prospects.Wheat futures declined as the dollar strengthened...
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France raises risk level of bird flu
PARIS, Oct 15 (Reuters): France has raised its risk level of bird flu to 'moderate' from 'negligible', it said in a decree published in the official journal on Tuesday, a move that will reinforce security measures around poultry farms.The ministry said the change in status was linked to a rise...
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Gold prices steady __
Gold prices held steady on Tuesday as the US dollar remained near two-month highs, with markets caught between profit-taking and prospects for further rate cuts by the Federal Reserve, reports Reuters.Spot gold was steady at $2,652.72 per ounce at 1108 GMT while US gold futures nudged up 0.1 per cent...
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Cocoa hits one-month high on supply jitters
LONDON, Oct 15 (Reuters): London cocoa futures on ICE rose to their highest in a month on Tuesday amid renewed worries over supply, while coffee also gained.March London cocoa edged up 0.3 per cent at 5,093 pounds a metric ton, having hit a one-month high of 5,200.The International Cocoa Organization...
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