Oil set for second straight weekly decline on supply outlook
LONDON, Dec 19 (Reuters): Oil prices were little changed on Friday and poised for a second straight weekly decline as a potential supply glut and prospects of a Russia-Ukraine peace deal offset concern over disruptions from a blockade of Venezuelan oil tankers.Brent crude futures were up 3 cents, or 0.05...
Read more
Copper nears record high as supply tightness back in focus
Copper inched up on Friday to move within $25 of the record high after another bullish forecast by Goldman Sachs highlighted mine supply constraints, reports Reuters.Benchmark three-month copper on the London Metal Exchange was up 0.5 per cent at $11,837 in official open outcry activity. It hit a session-high of...
Read more
Gold eases on dollar strength, but heads for weekly gain
Gold prices edged lower on Friday, pressured by a stronger dollar and year-end investor positioning, but were poised to end the week higher as softer US inflation data boosted bets of interest rate cuts, reports Reuters.Spot gold fell 0.1 per cent to $4,326.37 an ounce as of 1111 GMT, but...
Read more
Botswana's economy seen shrinking almost 1pc in 2025 due to diamond sector woes
GABORONE, Dec 19 (Reuters): Botswana's government now forecasts an economic contraction of almost 1 per cent this year as its key diamond sector continues to struggle, its finance minister said in a budget review on Friday.When the main budget was presented in February the Southern African country's government had hoped...
Read more
US coffee drinkers face higher prices even after Trump's tariff reset
LONDON, Dec 19 (Reuters): US coffee lovers hoping President Donald Trump's tariff rollbacks last month will soon lower the cost of their daily caffeine hit had better think again.The widespread import tariffs imposed by Trump mostly over the summer, which included top coffee producers such as Brazil, boosted the price...
Read more
