Oil up 2pc on Ukraine war escalation
LONDON, Nov 21 (Reuters): Oil prices climbed more than 2 per cent on Thursday as Russia and Ukraine launched missiles at each other, overshadowing the impact of a bigger-than-expected increase in US crude inventories.Brent crude futures rose $1.48, or 2.03 per cent, to $74.29 by 1158 GMT. US West Texas...
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Copper slips on uncertainties over China, Ukraine, Trump
LONDON, Nov 21 (Reuters): Copper prices retreated on Thursday on concerns about the latest developments in the war in Ukraine, a firmer dollar and worries about demand in China.Three-month copper on the London Metal Exchange (LME) was down 0.4 per cent at $9,052.50 per metric ton by 1100 GMT.LME copper...
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Gold rises for fourth day with elevated safe-haven demand
LONDON, Nov 21 (Reuters): Spot gold price rose for the fourth consecutive day on Thursday, with safe-haven demand for the precious metal supported by global stocks under pressure after AI bellwether Nvidia's revenue growth forecast failed to excite investors.Spot gold was up 0.7 per cent at $2,669.30 per ounce by...
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Palm oil edges lower
KUALA LUMPUR, Nov 21 (Reuters): Malaysian palm oil futures closed lower for a second consecutive session on Thursday, as fears of US tariffs imposed on China and muted demand for palm sparked a sell-off in the vegetable oils market.The benchmark palm oil contract for February delivery on the Bursa Malaysia...
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