Oil rises on China stimulus hopes, US inventory drop
LONDON, Dec 26 (Reuters): Oil rose almost 1% on Thursday in thin holiday trade driven by hopes for additional fiscal stimulus in China, the world's biggest oil importer, and supported by an industry report showing a decline in US crude inventories.Chinese authorities have agreed to issue 3 trillion yuan ($411...
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Gold prices steady in holiday-thinned trade
Gold prices rose on Thursday in holiday-thinned trade, while markets await clues on the Federal Reserve's 2025 rate plan and tariff policies from the incoming Trump administration, reports Reuters.Spot gold rose 0.5 per cent to $2,627.62 per ounce, as of 0953 GMT. US gold futures added 0.3 per cent to...
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Palm oil futures fall on heavy selling
KUALA LUMPUR, Dec 26 (Reuters): Malaysian palm oil futures fell on Thursday after the Christmas break, driven lower by heavy selling and weakness in Dalian palm olein.The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange slid 12 ringgit, or 0.26 per cent, to 4,546 ringgit...
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Global steel output edges up in Nov
LONDON, Dec 26 (Reuters): Global crude steel production in November rose 0.8 per cent from a year earlier to 146.8 million metric tons, World Steel Association data showed on Monday.Crude steel output from China, the world's top producer and consumer of the metal, rose 2.5 per cent to 78.4 million...
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