Oil climbs 3pc as price drop triggers buying
LONDON, May 6 (Reuters): Oil gained more than $1.50 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ to boost output sent prices down in the previous session, although concerns about a market surplus persisted.Brent crude futures were up $1.80, or 3%, to...
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Palm oil futures fall for sixth day
JAKARTA, May 6 (Reuters): Malaysian palm oil futures reversed gains on Tuesday, continuing their decline for the sixth straight session, weighed down by weaker rival oils at the Dalian and Chicago markets, while the market focus shifted to the production outlook for May.The benchmark palm oil contract for July delivery...
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Gold rises nearly 2.0pc, spotlight on Fed meet
Gold prices rose to a two-week high on Tuesday, supported by post-holiday buying from China and concerns over potential US tariffs on pharmaceutical imports, while investors await the outcome of the Federal Reserve's policy meeting, reports Reuters.Spot gold rose 1.8 per cent to $3,394.39 an ounce, as of 0936 ET...
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Copper buoyed by softer dollar, focus on tariff tensions
LONDON, May 6 (Reuters): Copper prices rose on Tuesday as the dollar eased but weighing on sentiment was the prospect of slowing global growth and demand due to US import tariffs and a trade war between China and the United States.Benchmark copper on the London Metal Exchange (LME) traded 1.1%...
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Thermal coal prices hit 4-yr low in Asia as China imports wane
LAUNCESTON, Australia, May 6 (Reuters): Asia's seaborne thermal coal prices have slumped to four-year lows as the region's heavyweight buyers China, India and Japan all import less of the power-station fuel.Prices for the main grades of thermal coal shipped from top exporters Indonesia and Australia have been on a sustained...
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