Carsten Fritsch News
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West Texas Intermediate fell for a second day after industry data showed U.S. inventories rose for a fourth week, the longest run of gains since February. China’s oil stockpiles climbed for a second month.
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West Texas Intermediate crude fell a second day, reversing a third weekly gain, as rising supplies countered signs of economic growth.
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West Texas Intermediate fell, heading for a monthly decline before a report that may show U.S. crude inventories at a two-decade peak.
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Sugar climbed for a fourth day in New York, the longest winning streak since March 7, gaining support from rising grain prices just before the expiry of the May futures contract. Cocoa fell.
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West Texas Intermediate crude advanced to the highest in more than a week amid speculation that the European Central Bank will cut its key interest rate to a record low next week.
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Brent crude rose from a nine-month low and West Texas Intermediate advanced for the second time in six days, on speculation that losses were exaggerated.
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Robusta coffee futures rose in London as farmers in Vietnam, the biggest grower of the variety, are hanging onto their beans to obtain better prices. Sugar gained.
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Wheat rose in Paris on speculation global grain supplies will shrink as drought threatens to reduce crops in the U.S., the world’s biggest exporter.
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West Texas Intermediate rose after its steepest plunge in a month, while Brent futures rebounded from their lowest level since December, as policy makers weighed bailout options for Cyprus.
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Cocoa fell for a third day in London on speculation rain is helping boost crop prospects in Ivory Coast, the world’s largest grower. Sugar also declined.
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