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Archive for the January 6, 2018

    • News Desk
    • Jan 6th, 2018
    • Comments Off on Oil retreats on US output rise after hitting near two-year high

    Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring US production undermined a 10 percent rally from December lows that was driven by tightening supply and political tensions in Opec

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  • Benchmark Tokyo rubber futures dipped to a two-week low on Friday, ending the first week of the new year with a nearly 1 percent decline, as investors took profits ahead of a long weekend in

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  • The following were Friday's Rotterdam vegetable oil prices at 1700 GMT: SOYOIL EU degummed: euro tonne fob exmill January 2018 750.00 +0.00 February 2018 740.00 +0.00 March 2018 730.00 +0.00 April 2018 715.00 +0.00 May

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  • The following were Friday's Rotterdam vegetable oil prices at 1700 GMT: SOYOIL EU degummed: euro tonne fob exmill January 2018 750.00 +0.00 February 2018 740.00 +0.00 March 2018 730.00 +0.00 April 2018 715.00 +0.00 May

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  • Malaysian palm oil futures climbed over 1 percent on Friday before paring gains at the close of trade, buoyed by expectations of strong exports and falling production. The benchmark palm oil contract for March delivery

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  • Raw sugar and arabica coffee futures fell on Friday with a firmer dollar and a retreat in crude oil helping to halt recent run-ups, while cocoa prices also weakened. March raw sugar was off 0.11

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  • Gold steadied around a 3-1/2-month high on Thursday as prospects for further US interest rate increases put the brakes on a recent rally, while palladium touched record highs on tight supplies. Spot gold rose 0.5

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  • Gold prices dipped on Friday from the previous session's 3-1/2 month high, ahead of US non-farm payroll data, but remained on track for their fourth straight weekly gain. Spot gold was down 0.3 percent at

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  • Gold fell in choppy trading on Friday as the dollar rose in the wake of US non-farm payrolls data for December, prompting traders to cash in gains from the metal's rally to 3-1/2 month highs

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  • US soyabean futures rose to their highest in more than three weeks on Friday, with traders focused on the South American weather outlook amid signs of weak demand for US exports. Wheat futures fell as

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