Commodities News
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Palm Oil Drops, Set for Biggest Monthly Gain This Year on Weather Outlook
Palm oil futures are set for first monthly gain this year on speculation that supply from the world’s biggest producing nations may be less than expected on La Nina weather and as soybean oil climbed.
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Oil Falls, Poised for Weekly Decline, on Weaker Global Economic Concern
Oil fell in New York, poised for its biggest weekly decline in four, on concern that faltering global economic growth will curtail a recovery in fuel demand.
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Chalco Shares Rise on $1.35 Billlion Investment in Guinea Iron Ore Project
Aluminum Corp. of China Ltd. , the nation’s biggest producer of the metal, rose the most in more than four months in Shanghai trading after agreeing to buy a stake in Rio Tinto Group’s Simandou iron ore project in Guinea.
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Rubber Futures in Tokyo Advance in July, First Monthly Gain Since March
Rubber futures rose 1.3 percent in July, the first monthly advance since March.
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COMMODITIES
| BRENT CRUDE | 76.93 | -0.66 | -0.85% |
| NATURAL GAS | 4.84 | 0.01 | 0.31% |
| Gold | 1171.00 | -0.20 | -0.02% |
| CMCI Composite USD Price Index | 1292.30 | -2.45 | -0.19% |
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