Global markets
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Crude oil prices slumped to their lowest level this year amid concerns of weakening demands after China announced a retaliatory tariff on US crude oil imports, while the US stockpiles rose for the second consecutive week. Crude oil prices fell to their lowest level since 31 December 2024 amid the escalating US-China trade war. Investors…
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Global commodity markets could face “dual shock” when the latest conflict in the Middle East, on top of disruptions caused by the Russian war on Ukraine, escalates, the World Bank warned on Monday. This could push global commodity markets into “uncharted waters,” the bank said in its latest Commodity Markets Outlook report. The bank expected…
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