Commodities articles

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Oil hovers at 3 1/2-year high as investors look ahead to OPEC meeting

The U.S. Energy Information Administration on Wednesday said crude supplies fell by 1.1 million barrels for the week ended April 13. Analysts surveyed by S&P Global Platts had forecast a climb of 625,000 barrels, while the American Petroleum Institute on Tuesday reported a fall of roughly 1 million barrels. Traders were also looking ahead to

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Oil Prices Rise After Inventory Report, Could Reach $80 a Barrel, Citi Says

Oil prices, which rose on Wednesday after the U.S. reported a 4.9-million-barrel decline in crude inventories, could reach $80 a barrel due to some geopolitical risks that have not abated, such as tension in the Middle East, Donald Trump and the potential for global oil supply disruptions, analysts at Citigroup Inc. said. U.S. benchmark West

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BHP Billiton looks to cut more costs in Australia

MELBOURNE, Australia–BHP Billiton Ltd. (BHP.AU) aims to cut costs further across its Australian mining operations, targeting another 10% drop in unit costs over the medium term and US$1.6 billion in additional productivity gains over the next two years. In a presentation to investors in Adelaide on Tuesday, BHP minerals Australia president Mike Henry said large,

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Oil prices move lower as doubts creep in over OPEC outcome

Oil prices continued to pull back on Tuesday amid investor doubts over what the Organization of the Petroleum Exporting Countries meeting later this week might actually achieve. January light, sweet crude on the New York Mercantile Exchange CLF8, -0.41%  was recently down 36 cents, or 0.6% , at $57.75 a barrel. February Brent LCOF8, +0.03% was

Metals and Minerals,Metal Exchange,U.S. Stocks,Markets,Gold,Silver,Copper

Gold bounces back as dollar slips

Gold futures inched higher while the dollar slipped in Monday trading as financial markets looked to potentially key developments this week on tax changes and interest-rate policy. Gold failed to gain much ground last week even as the dollar struggled. The two assets unhinged from their typically inverse relationship last week as the dollar extended

Metals and Minerals,Metal Exchange,U.S. Stocks,Markets,Gold,Silver,Copper

Gold eases but clings to weekly gain ahead of jobs report

Gold futures traded in a defensive posture early Friday ahead of a monthly U.S. jobs report that could could help cement already solid expectations for a metals-negative Federal Reserve rate hike next month. The marquee event on Friday is that report, which is expected to show a sharp rebound in nonfarm payrolls after the hurricane-distorted

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