Oil prices edge higher as Middle East uncertainty persists
LONDON, Oct 16 (Reuters): Oil prices steadied on Wednesday as uncertainty looms over what may happen next in the Middle East conflict, while an outlook for ample supply next year added downward pressure.Crude fell more than 4 per cent to nearly a two-week low on Tuesday in response to a...
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Corn, soybeans regain ground after multi-week lows
PARIS/CANBERRA, Oct 16 (Reuters): Chicago corn and soybean futures edged higher on Wednesday, consolidating after multi-week lows in the previous session when forecast rain in Brazil and Argentina eased drought concerns.Wheat futures eased further to a three-week low, with rain expected in parched Russian and US winter wheat belts also...
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Gold prices extend gains
Gold prices extended gains to a second straight session on Wednesday, driven by weaker equities and bond yields, while traders eagerly await U.S. economic data to gauge the Federal Reserve's timeline on a potential interest rate reduction reports Reuters.Spot gold was up about 0.7 per cent at $2,678.70 per ounce,...
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London copper rebounds on short-covering
London copper rose on Wednesday as investors squared their bets on lower prices after a rebound from a key psychological support level and ahead of a Chinese conference on the property sector, reports Reuters.Three-month copper on the London Metal Exchange (LME) was up 0.7 per cent at $9,597.50 per metric...
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Palm snaps 2-day losing streak on short-term demand
KUALA LUMPUR, Oct 16 (Reuters): Malaysian palm oil futures edged higher on Wednesday, snapping a two-day losing streak, on expected supply outlook for next year and short-term demands.The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 74 ringgit, or 1.75 per cent, to 4,313...
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