Oil climbs after Trump cancels Chevron's Venezuela licence
Oil prices rose more than 1 per cent on Thursday as supply concerns resurfaced after US President Donald Trump's revoked a licence granted to US oil major Chevron to operate in Venezuela, reports Reuters.Gains were capped, however, by signs of a potential peace deal in Ukraine, which could result in...
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EU steel industry needs more protection
PARIS, Feb 27 (Reuters): Europe's ailing steel sector needs to be better protected from cheap imports as current measures are insufficient, French industry minister Marc Ferracci said on Thursday.European steel producers are struggling to cope with depressed demand and an influx of cheap imports from Asia where vast Chinese overcapacity...
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Gold falls more than 1pc as dollar firms
Gold prices fell over 1 per cent to their lowest level in more than a week on Thursday, as the US dollar firmed, while investors awaited a key inflation print that could offer clues on the Federal Reserve's monetary policy, reports Reuters.Spot gold was down 1 per cent at $2,889.13...
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Palm oil falls on weak rival oils
JAKARTA, Feb 27 (Reuters): Malaysian palm oil futures plunged on Thursday, snapping two sessions of gains, as weakness in rival oils and abearish outlook from industry analysts weighed down the contract.The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange lost 96 ringgit, or 2.21 per...
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