Oil slips as strong supply counters Middle East and hurricane risk
LONDON, Oct 9 (Reuters): Oil extended losses on Wednesday as weak demand and rising US inventories countered the risk of supply disruption from conflict in the Middle East and Hurricane Milton in the United States.Brent crude futures were down $1.12, or 1.5%, at $76.06 a barrel at 1324 GMT, while...
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Wheat up for third day, corn and soybean regain ground
PARIS/SINGAPORE, Oct 9 (Reuters): Chicago wheat futures extended gains into a third session on Wednesday, supported by concern over poor weather in top exporter Russia and a run of demand from importers.Soybeans rose after hitting a two-week low on Tuesday while corn also turned higher. The most-active wheat contract on...
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Gold prices ease for sixth session as dollar marches upward
Gold retreated for the sixth straight day on Wednesday on an advancing dollar and diminished expectations for a larger rate cut in November while markets awaited minutes from the Federal Reserve's September policy meeting for further insights, reports Reuters.Spot gold fell 0.4% to $2,612.88 per ounce by 1324 GMT, having...
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Palm oil futures edge down
KUALA LUMPUR, Oct 9 (Reuters): Malaysian palm oil futures fell on Wednesday, reversing earlier gains, as market participants awaited key official domestic supply and demand data for further direction.The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 20 ringgit, or 0.47%, to 4,251...
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Russia considers diesel export ban for non-producers
MOSCOW, Oct 9 (Reuters): Russian oil companies have held talks with the government on whether firms that do not produce diesel should be banned from exporting it because of concern the refiners may be losing subsidies, Interfax news agency reported on Tuesday.Russia is the world's biggest seaborne exporter of diesel,...
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