Oil edges up after days of losses
LONDON, Aug 21 (Reuters): Oil prices rose slightly on Wednesday, regaining some ground after steady sell-offs driven by expectations of reduced Chinese demand and diminishing concerns over the potential for Middle East conflict to spread and disrupt supply.Brent crude futures were up 47 cents, or 0.6 per cent, at $77.67...
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Indian flour mills urge govt to release wheat stocks as prices surge
NEW DELHI, Aug 21 (Reuters): Indian wheat prices rose to their highest level in nearly nine months on Wednesday and could surge further during the festival season unless the government starts releasing stocks from its warehouses, industry figures told Reuters."Wheat supplies are falling by the day and the overall supply...
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Gold pauses after record rally as mkt consolidates
Gold prices eased on Wednesday, a day after hitting record highs, as investors awaited US Federal Reserve meeting minutes and Chair Jerome Powell's speech for clues to the central bank's potential rate-cutting path, reports Reuters.Spot gold was down 0.1 per cent at $2,510.15 per ounce as of 1126 GMT. US...
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Palm oil climbs to two-week high
SINGAPORE, Aug 21 (Reuters): Malaysian palm oil futures rose to a two-week high on Wednesday, buoyed by prospects of weakening supply in the world's largest producer Indonesia, although softer exports data capped gains.The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed up 39 ringgit,...
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