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Precious metals: copper in London is rising

23/09/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Ce lundi, les prix du pétrole ont légèrement augmenté in choppy trading after the fall in US interest rates last week.

American crude oil futures for November rose 21 cents, or 0.30%, to $71.21. Brent crude oil futures for November rose 16 cents, or 0.21%, to $74.65 per barrel at 10:11am GMT. Charalampos Pissouros, a senior investment analyst at brokerage firm XM, says that oil prices were supported last week by the decision of the US Federal Reserve to cut interest rates by 50 basis points and to announce further declines by the end of the year, although weak Chinese demand was limiting the rise. The two benchmark oil indexes rose by more than 4% last week. For Harry Tchilinguirian, head of research at Onyx Capital Group, “Oil seems to be trading within a narrow range despite the rise in risky asset prices due to a cut in Fed interest rates last week

.”
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