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Oil slips towards $60, Saudi Arabia sees steady market
Published on Wednesday, March 4, 2015 11:13 PM

By David Sheppard

LONDON - Brent crude oil slipped towards $60 a barrel on Wednesday as a stronger dollar pressured commodity prices, while Saudi Arabia's oil minister said he expected the market to balance itself and for prices to recover.

Oil Minister Ali al-Naimi said he expected supply and demand would soon match and oil prices, whic ...

Oil slips towards $60, Saudi Arabia sees steady market
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Reducing inventories lifts Lead future
Published on Wednesday, March 4, 2015 5:08 PM

Lead prices rose by 0.37 per cent on Wednesday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 350 metric tonnes to 214250 metric tonnes as on March 4, 2015.

At the MCX, Lead futures, for the March 2015 contract, is trading at Rs 109.20 per kg, up by 0.37 ...

Reducing inventories lifts Lead future
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Copper dips ahead of China NPC meeting
Published on Wednesday, March 4, 2015 11:38 AM

Copper prices fell by 0.01 per cent on Wednesday at the domestic markets as investors looked ahead to the start of China’s National People’s Congress annual meeting on Thursday. The latest meeting of the legislature, the second to be overseen by President Xi Jinping and Premier Li Keqiang, comes amid lingering concerns over the health of the country’s economy.

At ...

Copper dips ahead of China NPC meeting
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Zinc gains on upbeat euro zone data
Published on Wednesday, March 4, 2015 5:05 PM

Zinc prices rose by 0.20 per cent on Wednesday at the domestic markets after retail sales in the euro zone rose much more than expected in January, easing concerns over the region’s economic outlook which raised the demand outlook for the metal.

Eurostat said retail sales increased by a seasonally adjusted 1.1 per cent in January, blowing past forecasts for a gain of 0.1 per ...

Zinc gains on upbeat euro zone data
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LME Inventories Data: March 04, 2015
Published on Wednesday, March 4, 2015 3:34 PM

Copper stocks +10725 MT to 308125, Aluminum Stocks -7050 MT to 3925700 MT, Nickel Stocks +342 MT to 431274 MT, Zinc Stocks -3950 MT to 556175 MT, Lead Stocks -350 MT to 214250 MT.

...

LME Inventories Data: March 04, 2015
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Lower arrivals lift Mentha oil future
Published on Wednesday, March 4, 2015 3:33 PM

Mentha oil prices rose by 1.31 per cent on Wednesday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts.

At MCX, Mentha oil futures for March 2015 contract, at MCX, were trading at Rs. 805.60 per kg, up by 1.31 per cent after opening at Rs. 798.10 against the previous closing price of Rs. 795.20 ...

Lower arrivals lift Mentha oil future
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Brent dips, holds above $60 after Saudi price increases
Published on Wednesday, March 4, 2015 2:50 PM

By David Sheppard

LONDON  - Brent dipped on Wednesday but held above $60 a barrel, supported by a rise in Saudi crude prices and air strikes and militant raids on oil facilities in Libya.

In a move widely seen as showing Saudi Arabia's confidence in a demand recovery, the OPEC kingpin raised official selling prices (OSPs) for its oi ...

Brent dips, holds above $60 after Saudi price increases
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Copper gains on positive US data
Published on Wednesday, March 4, 2015 2:39 PM

Copper prices rose by 0.25 per cent on Wednesday at the domestic markets after manufacturing activity in the New York region surged in February while consumer confidence in the US rose this month, signaling a pickup in the world’s biggest economy, lifting the demand outlook for the metal.

The gauge measuring New York manufacturing rose to 63.1 in February from 44.5 in Januar ...

Copper gains on positive US data
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Gold gains as India, China demand eyed
Published on Wednesday, March 4, 2015 2:38 PM

Gold prices rose by 0.12 per cent on Wednesday at the domestic markets with investors focused on demand prospects in China and India, the world's two largest importers.

However, gains were limited as a strong dollar reduced the appeal of the bullion as an alternative asset. Stronger dollar makes the precious metal expensive for those holding other currencies, thus reducing dem ...

Gold gains as India, China demand eyed
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