Brent crude eases after surprise rise in US inventories
LONDON, Jan 24 (Reuters): Brent oil prices eased on Wednesday, under pressure from a rise in US crude and gasoline inventories although crude prices remained near three-year highs.Benchmark Brent futures dipped 8.0 cents to $69.88 a barrel at 0930 GMT, after climbing above $70 this month for first time since...
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Gold hits highest in over five months
BENGALURU, Jan 24 (Reuters): Gold prices hit the highest in more than five months on Wednesday after a US official welcomed a weaker dollar and investors sought insurance against uncertainty.The dollar index touched fresh three-year lows after US Treasury Secretary Steven Mnuchin said a softer dollar was good for the...
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Market witnesses lower prices
Tea prices fell following less demand from buyers at the tea market on Tuesday, according to a press statement.Buyers were more selective this week and closely followed quality. A fair weight of end of season types on offer and less demand from buyers, resulted in prices dropping further this week...
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US tightens rules on Middle East air cargo after 2017 Australia bomb plot
WASHINGTON, Jan 24 (AFP): The United States (US) has ordered more stringent inspections of air cargo from five Middle East countries, citing a June 2017 attempt in Australia to bring down a plane as evidence that extremist groups continue to target civilian aviation.The Transportation Security Administration (TSA) said Monday it...
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ROK steelmaker sees higher 2018 sales after Q4 profit jump
SEOUL, Jan 24 (Reuters): South Korean steelmaker POSCO expects sales to rise in 2018 as Chinese steel prices should remain strong early this year thanks to Beijing's efforts to cut production, the company said during the release of its fourth quarter results.POSCO said on Wednesday its consolidated operating profit for...
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Qatar sees rush for gas projects to help beat crisis
DAVOS, Switzerland, Jan 24 (Reuters): US and European oil majors are piling in with offers to help Qatar develop new gas projects, the country's energy minister said, despite a protracted crisis in the Gulf region and pressure on firms to chose between Qatar and its neighbors.Mohammed al-Sada told Reuters Doha...
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