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Commodities
Oil prices snap three-day losing streak
Major factor contributing to the decline in oil prices was the surge in the US crude oil inventories by 4.906 million barrels last week.
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Commodities
High commodity prices a challenge for Asian sovereigns: Fitch
Credit buffers among Asia Pacific (APAC) sovereigns to withstand risks from high commodity prices are generally strong, but have been eroded during Covid-19, Fitch revealed. According to Fitch Ratings the impact of…
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Commodities
Oil rises 1.25pc for eighth straight week on supply concerns
Crude oil prices surged up to 1.25 percent for the eighth consecutive week, hitting the eight-year highs amid supply concerns. The global oil prices were lifted by mounting worries about supply interjections;…
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Commodities
Crude oil prices rise on increased demand, fall in stock in US
Crude oil prices surged as demand in the US rises and Fed announces three hikes in interest rate in 2022. At 1210 hours GMT on Thursday, Brent, the international benchmark for two-thirds…
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Commodities
Crude oil prices witness steepest daily decline since July
Global crude oil prices recorded their steepest daily decline since July on Friday as reports of the new heavily-mutated coronavirus strain raised concerns of fresh travel restrictions that could cripple fuel demand.…
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Commodities
Gold price surges to Rs102,600 per 10gm amid Covid fears
Gold staged a decisive rebound on Friday with a gain of one percent amid fall in the US treasury yields. Gold in the international market was available at $1,807.40 per ounce after…
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Commodities
Crude oil prices inch down
Current position of crude oil price
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Commodities
Gold price surges to Rs100,900 per 10gm
Current gold price in Pakistan
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Commodities
Brent nears $86 as crude prices surge to multi-year highs
Crude oil prices surged to multi-year highs on Monday on increasing signs of robust demand as more utilities turn away from expensive natural gas and coal to oil and diesel for power…
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Commodities
Gold jumps to Rs97,700 per 10gm due to rupee devaluation
Gold price inched down in the international market on Monday, as the underlying narrative of sooner than expected US Federal Reserves’ monetary policy normalisation to counter inflationary risks continues to play out.…
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