Oil slides as demand concerns offset Libya supply risks

Oil prices fell by around 1 per cent on Wednesday due to persistent concerns over Chinese demand and elevated risks of a broader economic slowdown, though losses were capped by supply risks in the Middle East and Libya, reports Reuters.Brent crude futures were down 76 cents, or 0.96 per cent,...

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Gold down 1pc on stronger dollar

LONDON, Aug 28 (Reuters): Gold prices fell on Wednesday under pressure from a stronger dollar and uncertainty ahead of a key US inflation report that could provide more clarity about the Federal Reserve's September policy meeting.Spot gold was down 1 per cent at $2,500.03 an ounce by 1205 GMT. Prices...

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