OPEC+ delays oil output hike until April, extends cuts into 2026
LONDON/MOSCOW/DUBAI, Dec 5 (Reuters): OPEC+ has agreed to delay plans to raise oil output until April from January 2025 and the group will also take one extra year to fully unwind the cuts by the end of 2026, OPEC sources said.OPEC+, which pumps about half the world's oil, had been...
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Palm oil rises on forecasts of lower end-Nov stocks
JAKARTA, Dec 5 (Reuters): Malaysian palm oil futures climbed on Thursday, helped by estimated lower November stocks in the country, the world's second-largest palm oil exporter.The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange gained 106 ringgit, or 2.11%, to 5,138 ringgit ($1,161.13)a metric ton...
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Cocoa hits over five-month high, coffee steadies
LONDON, Dec 5 (Reuters): New York cocoa hit its highest in 5-1/2 months on Thursday with industry taking any price dip as a buying opportunity as the market remains doubtful there will be enough of a supply recovery this year.COCOANew York cocoa rose 4 per cent to $9,770 a metric...
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Gold holds steady as spotlight shifts to US payrolls data
Gold prices steadied on Thursday as investors held back from placing big bets ahead of US non-farm payrolls data that could influence the Federal Reserve's interest rate trajectory as markets awaited this year's final policy-setting meeting, reports Reuters.Spot gold held its ground at $2,649.69 per ounce, as of 1221 GMT....
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Soybean, wheat prices steady
PARIS/SINGAPORE, Dec 5 (Reuters): Chicago soybean futures inched up on Thursday, underpinned by a lower dollar and higher crude oil as traders assessed broadly favourable crop weather in South America.Corn ticked down while wheat rose, with the latter supported by mixed crop conditions in Australia and Russia.Prices remained in a...
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