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The latest commodity market moves as well as developments in the futures markets. Stay up-to-date with breaking commodities news and specifics on major commodities such as crude oil and gold.
By Ahmad Ghaddar, Shariq Khan and Trixie Yap LONDON/NEW YORK/SINGAPORE (Reuters) – The worldwide diesel market will possible discover value assist in 2025 from the closure of about 1% of refining capability, merchants and analysts stated, offsetting present weak point…
Investing.com — The rally in gold costs “isn’t over simply but,” in line with ING. The valuable steel has loved a record-breaking rally in 2024, surging 25% year-to-date pushed by a mix of Federal Reserve charge cuts, elevated central financial…
The Worldwide Vitality Company (IEA) has revised its oil demand projections upward for 2025, attributing the rise to the financial stimulus measures in China. The Paris-based group now expects international oil demand to increase by 1.1 million barrels per day…
NEW DELHI/MOSCOW (Reuters) – Russia’s state oil agency Rosneft has agreed to provide practically 500,000 barrels per day (bpd) of crude to Indian non-public refiner Reliance within the largest ever power deal between the 2 nations, three sources aware of…
(Reuters) – The U.S. photo voltaic business unveiled its lobbying technique for the incoming Trump administration on Thursday, selling itself as a home jobs engine that may assist meet hovering energy demand, with out referencing its function in combating local…
Investing.com– Gold costs fell from a more-than two-week excessive in Asian commerce on Thursday as buyers gauged the implications of in-line U.S. client inflation knowledge on the outlook for rates of interest. Amongst industrial metals, copper costs rose additional on…
(Reuters) – Oil costs had been little modified in early Asian commerce on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed positive factors from an extra spherical of European Union sanctions…
Investing.com– Oil costs have been largely muted on Thursday as merchants digested a storm of things, together with extra U.S. oil sanctions, recent stimulus measures in China and a dour outlook on oil demand from the OPEC. Costs steadied after…
By Nia Williams (Reuters) – Some Canadian premiers are urging Ottawa to reply robustly to the specter of tariffs from incoming U.S. President Donald Trump and have highlighted essential minerals and metals as merchandise that the U.S. depends on, Canada’s…
Invesing.com — Crude oil costs had a rocky trip this 12 months as issues about oversupply and timid demand remained entrance and heart, with boosts from geopolitical tensions proving fleeting, however UBS believes subsequent 12 months could possibly be extra…
