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Oil up 1% after US crude stockpiles fall

May 9, 2019 afndaily 0

Oil futures gained one per cent overnight, boosted by a surprise drawdown in US crude stockpiles but an escalating US-Chinese trade fight limited oil’s gains as investors worried about the global outlook for energy demand. […]

Markets

Oil at lowest in a month on trade concerns

May 8, 2019 afndaily 0

Oil prices closed at their lowest in about a month overnight as renewed doubts over a US-China trade deal stoked concerns over global growth and on expectations that US crude stockpiles could hit fresh 19-month […]

Business

GrainCorp shares slump as LTAP walks away

May 7, 2019 afndaily 0

GrainCorp shares have slumped more than nine per cent after suitor Long-Term Asset Partners withdrew its $2.38 billion takeover offer. The stock sagged on Tuesday following the bulk grains handler’s post-trade announcement on Monday that […]

Markets

Shanghai copper, nickel hit 3-month lows

May 7, 2019 afndaily 0

Shanghai copper and nickel hit their lowest in more than three months on Monday as an escalation of a trade dispute between the United States and China revived concerns of a demand slowdown in China, […]

Markets

Gold has biggest daily gain in two months

May 6, 2019 afndaily 0

Gold was headed for its biggest daily rise in two months on Friday, clawing away from a four-month low hit in the previous session, helped by a pullback in the US dollar and as some […]

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