US oil prices climbing back above $64 a barrel. The situation in Libya escalated surprisingly quickly last week when the Libyan National Army, a formation affiliated with the eastern Libyan government, launched an attack on the UN-recognized cabinet in Tripoli. The attack followed a statement by LNA…
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Commodities
Asian shares held near an eight-month peak on Thursday as investors awaited developments on Sino-U.S. trade talks, with both sides appearing closer to signing a deal and improved risk appetite weighing on safe-haven assets like the yen.
Asian shares
Chinese shares started firm with the…
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The rout in commodities worsened as the prospect of higher U.S. interest rates sent gold to the lowest level in more than five years and oil beneath $50 a barrel.
Bullion lost 2.2 percent to settle at $1,106.80 an ounce by 4 p.m. in New York, sending the Bloomberg Commodity Index to a 13-year low.…
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