By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged higher on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. futures settled 29 cents, or 0.34%, higher at $85.18 a barrel, while U.S. West Texas Intermediate crude…

Copper prices saw a slight increase on Tuesday, with both the LME and SHFE 2312 copper contracts experiencing a rise in their overnight sessions. The LME copper closed up by 0.96% at $8247 per metric ton, while the SHFE 2312 copper contract rose by 0.36% to 67690 yuan per metric…

Investing.com– Gold prices fell further in Asian trade on Tuesday, hit by a rebound in the dollar and Treasury yields before a string of major Federal Reserve speakers this week. Among industrial metals, copper prices fell sharply after trade data from major importer China largely missed expectations.  The rebounded from…

on the COMEX division saw a 0.53 percent drop, settling the most active December contract at $1,988.60 per ounce, as U.S. Treasury yields continue to climb. This trend was mirrored in silver and for December and January delivery respectively, experiencing downturns in their prices. The financial market is closely watching…

By Ahmad Ghaddar, Natalie Grover and Robert Harvey LONDON (Reuters) -OPEC expects the global economy to grow and drive fuel demand, despite macro challenges, including high inflation and interest rates, the producer group’s secretary general said on Tuesday. The United States is doing well, while Europe is struggling, Haitham Al…

The KfW Development Bank, backed by the EU and German Federal Ministry, is investing $21 million in Mozambique’s renewable energy sector through the GET FiT program. The initiative aims to stimulate private sector investments in renewable energy infrastructure, with a focus on private solar projects and small-scale hydropower plants. Marco…

PARIS (Reuters) -World wine production is expected to fall to its lowest level in 60 years in 2023 due to poor harvests in the Southern Hemisphere and in some major European producers, the International Organisation of Vine and Wine (OIV) said on Tuesday. In initial projections, the OIV pegged world…

By Suzanne McGee (Reuters) – The weakening of a long-established correlation between the price of exchange-traded funds (ETFs) tied to gold and gold mining stocks have investors eyeing a range of potential causes, including massive buying from global central banks and shortfalls in gold production. The SPDR Gold Shares (NYSE:)…

Investing.com – “No, not again!” — the Saudis must be thinking. But that’s exactly what it was as crude prices hit near seven-month lows on Tuesday, plunging to $70 territory, as disappointing trade data from China raised fresh concerns about the economic health of the world’s largest crude importer. New…

By Catarina Demony and Sergio Goncalves LISBON (Reuters) – Portuguese Prime Minister Antonio Costa resigned on Tuesday, hours after prosecutors detained his chief of staff in an investigation into alleged corruption in his administration’s handling of lithium mining and hydrogen projects. Costa, who prosecutors said was the target of a…