Oil prices end week lower on China demand fears
HOUSTON, July 27 (Reuters): Oil futures fell about 1.5 per cent on Friday, finishing the week lower on declining Chinese demand and hopes of a Gaza ceasefire agreement that could ease Middle East tensions and accompanying supply concerns.Brent crude settled down $1.24, or 1.5 per cent, at $81.13 a barrel....
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Wheat up as French crop conditions worsen
HAMBURG, July 27 (Reuters): European wheat futures rose on Friday as new data showed France's harvest has suffered damage from repeated rain this summer, traders said.But gains were limited by cheap export prices offered by Black Sea exporters, especially for Russian wheat, coupled with positive news about the Russian and...
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Gold rises as yields slip after US data lifts rate-cut hopes
Gold prices rose 1 per cent on Friday as US Treasury yields fell on optimism for an interest rate cut by the Federal Reserve in September after data showed US prices rose modestly in June, reports Reuters.Spot gold rose 0.8 per cent to $2,382.98 per ounce by 1741 GMT, after...
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Indonesia's cocoa output seen lower as El Nino effects linger
JAKARTA, July 27 (Reuters): Indonesia's cocoa output is set to fall again this year as the effects of last year's El Nino weather pattern linger, the cocoa farmers' association said on Thursday.Last year's dry season was the most severe since 2019 as the El Nino phenomenon lasted longer than usual,...
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