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economy

Oil prices surged nearly 3% following OPEC+ production hike delay
05 Nov 2024 OPEC+ stated over the weekend that its 2.2 million bpd production cut, initially postponed from October to bolster prices and address weakening demand, will now extend through December.
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05 Nov 2024

economy

OPEC+ postpones output hike amid unfavorable demand-supply conditions

The planned OPEC+ increase in oil output, originally scheduled for December 1, has been postponed as concerns mount over global market instability, which could exacerbate the anticipated decline in prices after the production hike.
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05 Nov 2024

economy

Dalian Commodity Exchange: 05 November 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 05 November 2024 settled as follows:
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04 Nov 2024

economy

Oil prices edged higher amid escalating Middle East tensions

However, the upward momentum was tempered by disappointing US economic data, which revealed that job growth fell short of expectations last month.
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04 Nov 2024

economy

Official data: China’s manufacturing activities rebounded in October, ending a six-month decline

This uptick in the PMI marks the first official economic indicators for the month, following significant interest rate cuts and targeted measures to support the housing market introduced in late September
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04 Nov 2024

economy

Dalian Commodity Exchange: 04 November 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 04 November 2024 settled as follows:
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01 Nov 2024

economy

Oil prices edged higher as Iran-Israel tensions threatened Middle East supply stability

Oil prices rose modestly following indications that Iran was preparing for a potential attack on Israel, which could have impacted oil supplies from the region. A decrease in US inventories contributed to upward price pressure.
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01 Nov 2024

economy

Media: UAE and Vietnam signed comprehensive economic partnership agreement

Under the provisions of the CEPA, the UAE has pledged to eliminate tariffs on 99% of Vietnamese exports, while Vietnam has committed to removing tariffs on 98.5% of exports from the UAE.
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