Wednesday 22 November 2017
 
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Commodities

Harvey misery hits oil, gold breaks higher

Commodities traded higher during the past week with all sectors, not least energy and metals, rising strongly in response to multiple events. The biggest of them all has been the catastrophic impact of Hurricane Harvey across the Texas Gulf Coas

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Commodities slump on growth worries, gold shines

Two weeks of steep losses have seen the Bloomberg Commodity Index once again trade close to a one-year low with all sectors apart from precious metals suffering  losses this past week, not least energy and soft commodities, not least energy

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Oil longs lose faith, China worries hit metals

Most major commodities managed to stabilise on Friday following a week of heavy selling. Steep losses were seen across the major sectors of energy together with industrial and precious metals. The Bloomberg Commodity index fell to a nea

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DGCX volumes surge 40pc

Volumes on the Dubai Gold and Commodities Exchange (DGCX) touched close to 14.76 million contracts, growing 40 per cent from the same period last year. This year, the exchange recorded an average volume of 75,148 contracts a day,

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Platts to launch Fujairah oil products price assessments

Platts, a leading provider of information and benchmark prices for the commodities and energy markets, will publish independent, outright price assessments for a range of oil products for the Middle East market on a free-on-board Fujairah basis

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World food prices post biggest rise for four years

World food prices posted their biggest monthly rise for four years in June, buoyed by a surge in sugar and increases for most other edible commodities, the United Nations food agency said on Thursday. Food prices have been gaining

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Louis Dreyfus eyes investment in port logistics

Commodity trading group Louis Dreyfus Company said on Wednesday it is looking for investments in port logistics in the Middle East, especially Egypt, as the sector continues to lag behind market growth. "The markets are growi

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Oil hits 4-month high on Doha meeting, commodities rally

Brent crude prices rose to a four-month high on Monday as a rally in wider commodities markets encouraged buying ahead of a meeting of oil producers in Doha next Sunday, aimed at freezing current output levels. Brent crude futures

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Emerging markets favoured for further gains

Emerging markets are back in the spotlight after some years of underperformance, said an industry expert, adding that the stabilisation of commodity prices is creating the momentum for equities, bonds and currencies. “We are

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Oil holds above $40 as producers back market

Brent crude oil prices dipped early on Tuesday, but remained over $40 a barrel after jumping to a 2016-high the previous session as more producers announced talks to support the market and investors opened new bets on further price rises.

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