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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.
Imperial Oil Maintain at Hold at TPH as the Grand Rapids Thermal Oil Sands Project Enters Service; Price Target at C$100.00
Tudor, Pickering, Holt on Wednesday reiterated its hold rating on the shares of Imperial Oil (IMO.TO) with a C$100.00 price target after the oil producer and refiner said production is underway at it
Imperial's Grand Rapids Oil Sands Project Initiates Production at Cold Lake Operating Site
Imperial Oil (IMO) said Wednesday its Grand Rapids oil sands project has initiated production at the Cold Lake operating site through solvent-assisted, steam-assisted gravity drainage technology. The
Investors in Imperial Oil (TSE:IMO) Have Seen Solid Returns of 198% Over the Past Five Years
Imperial Oil Brief: Says Achieved First Oil Production From Grand Rapids Project Using Lower Emission Technology
07:55 AM EDT, 05/22/2024 (MT Newswires) -- Imperial Oil Brief: Says Achieved First oil production from Grand Rapids project using lower emission technology
Biden plans to release 1 million barrels of gasoline before US Independence Day to lower oil prices
The Biden administration will release 1 million barrels of gasoline from the northeastern US reserves to lower gas station prices before the July 4 Independence Day holiday and summer driving season.
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