Commodities

Commodities News

Oil rises 1% as markets await OPEC+ decision

By Robert Harvey LONDON (Reuters) -Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the second quarter while.

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Exxon to adjust trader salaries in latest pay overhaul

(Reuters) -U.S. energy major Exxon Mobil (NYSE:XOM) said on Thursday that trader salaries would be adjusted based on benchmarking and will include performance bonuses at the end of the year and long-term.

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Oil inches down as US inflation data, rising OPEC output weigh

By Laila Kearney NEW YORK (Reuters) -Oil prices edged lower on Thursday as U.S. inflation data implied a softening of the world’s biggest economy that could weaken crude demand, with.

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With spears and shields, India’s Nihang Sikh warriors join farmers’ protest

By Sunil Kataria SHAMBHU, India (Reuters) – Thousands of protesting Indian farmers facing off with security forces have come under the protection of the Nihang Sikhs, a warrior sect dating.

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Analysis-Europe, Africa oil markets tighten, lending support to futures

By Alex Lawler, Natalie Grover and Noah Browning LONDON (Reuters) – Red Sea shipping delays and OPEC+ supply cuts are tightening physical oil markets in Europe and Africa as well.

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Oil set to snap winning streak after Fed says in no rush to cut US rates

SINGAPORE (Reuters) -Oil prices were on track on Friday to snap a two-week winning streak after the U.S. central bank indicated interest rate cuts could be delayed by at least.

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Crude oil extends losses in early Asian trade

Brent crude futures fell 34 cents to $81.28 a barrel by 0121 GMT, while U.S. West Texas Intermediate crude futures (WTI) declined 33 cents to $76.16 a barrel. Oil prices fell.

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US diesel exports to Europe dip on plummeting refining output

By Shariq Khan and Laura Sanicola NEW YORK/WASHINGTON (Reuters) -A slump in U.S. refining activity and disruptions to global trade have tightened diesel supplies in recent weeks, dampening historically high.

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US imposes sanctions on Russia’s leading tanker group Sovcomflot

By Timothy Gardner and Daphne Psaledakis WASHINGTON (Reuters) -The U.S. has imposed sanctions on Russia’s leading tanker group Sovcomflot as Washington seeks to reduce Russia’s revenues from oil sales it.

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Gold price hits near 1-week peak on softer dollar, safe-haven demand

Spot gold was up 0.4% at $2,021.09 per ounce, as of 0335 GMT, hitting its highest since Feb. 13. U.S. gold futures also rose 0.4% to $2,032.40 per ounce. Gold.

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