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The commodity boom came to an abrupt end! Basic metals fell across the board, copper and nickel fell sharply, and crude oil fell three times in a row
The minutes of the Federal Reserve meeting show that the Federal Reserve may postpone interest rate cuts due to continued inflation, thus suppressing market expectations of interest rate cuts, and crude oil prices fell in response. Lun Copper closed down 4.05%, while Lunn Nickel fell 4.4%. Some analysts pointed out that the main reason for the decline in copper prices may be related to investors starting to make a profit settlement after copper prices hit a record high, recent weakness in copper demand, and a possible increase in copper production in Peru in 2024.
Changes in Hong Kong stocks | CNOOC Services (02883) fell more than 5%, leading the decline in petroleum stocks, the IEA previously lowered its 2024 oil demand growth forecast
Petroleum stocks declined today. As of press release, CNOOC (02883) fell 5.54% to HK$8.69; CNOOC (00883) fell 1.42% to HK$19.38; Sinopec (00386) fell 1.35% to HK$5.11; and CNPC (00857) fell 0.52% to HK$7.68.
Oil Prices Rise After Iran's President Dies, Saudi King Falls Ill
By Callum Keown Oil prices climbed Monday after Iran's President Ebrahim Raisi died in a helicopter crash Sunday, according to state-run Press TV. But the oil move was fairly muted in early trading. I
Hong Kong Stock Concept Tracking | Supply-side uncertainties improve crude oil demand expectations (with concept stocks)
As demand expectations from China and the US rise sharply, market confidence continues to improve, and investor sentiment is also expected to improve.
Iran State TV: "No Sign of Life" in President Raisi's Helicopter Wreck
By Laurence Norman, Benoit Faucon and Aresu Eqbali A helicopter carrying President Ebrahim Raisi of Iran crashed in the northwestern part of the country, the interior minister said Sunday, sparking a
UBS: OPEC+ is expected to extend the production reduction agreement for at least 3 months, and oil will rise to $91 in June
OPEC+ will hold its next meeting on June 1, and UBS expects that the organization will agree to extend the voluntary production reduction agreement to maintain the balance of the oil market.
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