Oil heads for first weekly gain in three as US-Iran tensions rise
LONDON, Feb 20 (Reuters): Oil prices hovered near six-month highs on Friday, headed for their first weekly gain in three on growing concerns a conflict may erupt after Washington said Tehran will suffer if it does not agree a deal on its nuclear activity in a matter of days.Brent crude...
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Gold rises on US-Iran tensions and lower European bond yields
Gold prices rose on Friday, supported by lingering tensions between the United States and Iran and lower European bond yields while investors awaited US inflation data to assess the outlook for Federal Reserve monetary policy, reports Reuters.Spot gold was up 0.7 per cent at $5,032.49 an ounce by 0941 GMT,...
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US crude, fuel stocks fall on stronger demand from refineries, consumers: EIA
HOUSTON, Feb 20 (Reuters): US crude, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday, as demand rose from refineries to the fuel pump. Crude inventories fell by 9 million barrels to 419.8 million barrels in the week ended February 13, the EIA said, compared...
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Brazil seeks to broaden chicken trade with India
SAO PAULO, Feb 20 (Reuters): A Brazilian trade delegation in India is seeking opportunities to sell more Brazilian chicken to the Asian country in return for opening up its home market to some Indian fruit and nuts, Brazil's Agriculture Ministry and industry group ABPA said.While it is the world's largest...
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Indonesia secures 19pc tariff deal with US
JAKARTA, Feb 20 (Reuters): Indonesia and the United States finalised a trade deal to cut US levies to 19 per cent from 32 per cent on goods shipped from Southeast Asia's biggest economy, with Jakarta securing tariff exemptions for its top export, palm oil, and several other commodities.The agreement was...
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