Oil price steadies as US interest rate cut counters weak demand
Oil prices were little changed on Monday after last week's cut in U.S. interest rates and a dip in U.S. crude supply in the aftermath of Hurricane Francine countered weaker demand from top oil importer China, reports Reuters.Brent crude futures for November were down by 6 cents, or 0.1 per...
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US rate cut, geopolitical woes lift gold to record high
Gold extended gains to scale a record high on Monday, driven by the momentum generated by the Federal Reserve's interest rate cut and safe-haven demand due to geopolitical risks in the Middle East, reports Reuters.Spot gold was up 0.2 per cent to $2,628.25 per ounce as of 0524 GMT, after...
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Indian state coal producer looks to sell surplus coal at discount
NEW DELHI, Sept 23 (Reuters): Indian state government-run Odisha Coal and Power Ltd (OCPL) is looking to sell surplus coal from its mine in eastern India at a discount, an auction document showed, indicating lower demand for the fuel in the country.OCPL will auction 3 million tons of its surplus...
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EU grain lobby Coceral cuts its 2024 grain crop estimates
SINGAPORE, Sept 23 (Reuters): Chicago wheat futures gained more ground on Monday, with prices supported by dry weather curbing production prospects in Europe and other exporting countries. Soybeans rose for the first time in three sessions, underpinned by dry weather delaying planting in the world's biggest exporter Brazil, while corn...
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