Stock markets rebound supports base metals |
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Headlines Expectation that rate cuts may strengthen demand sends crude up Weakening greenback increases interest in gold Brent and Distillates Crude oil prices have reversed their trend and directed up as threats of further OPEC massive quota cuts increased worries ahead of the winter season and due to expectations that central banks cuts may improve demand. Crude oil stocks in U.S. rose last week by 0.5mln.bbl, but below the consensus forecast for a 1.4mln.bbl increase. Total US demand Read More...
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