Andrey Kryuchenkov News
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Gold may decline a second day in London on concern physical demand remains slack amid a festival in India. Silver was near a three-month low after holdings in exchange-traded products fell the most since December.
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Oil rose for the first time in three days in New York, erasing this week’s decline, after German business confidence unexpectedly increased.
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Copper rose for a second day in London on speculation demand will improve in China, the biggest global consumer of the metal.
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Oil rose after the U.S. Energy Department said that fuel stockpiles declined and as a European Central Bank official signaled the lender may act to stem the spread of the region’s debt crisis.
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Oil rose from the lowest close in almost two months in New York after a European Central Bank official signaled the lender may act to stem the spread of the region’s debt crisis.
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Oil traders are paying scant attention to assurances from Saudi Arabia that it can raise production enough to cap crude’s advance, after the commodity climbed to the highest level for any quarter since 2008.
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Oil declined for the first time in three days as U.S. factory orders climbed less than expected in February and the Federal Reserve said it’s holding off on increasing monetary accommodation.
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Oil fell after the biggest gain in six weeks as a forecast for rising supplies in the U.S. signaled demand may be easing in the world’s biggest crude consumer.
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Oil rose, recovering earlier losses, after Federal Reserve Chairman Ben S. Bernanke said accommodative policy is needed to lower unemployment.
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Oil rose in New York, trimming this week’s decline as investors bet that fuel demand will increase with an economic recovery in the U.S., the world’s biggest crude consumer.
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