inventories

Iron ore: Iron Ore woes deepen as inventories keep piling up

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Iron ore: Iron Ore woes deepen as inventories keep piling up

Beijing: Iron ore slumped more than 7% – dropping below the $110 a ton mark – as disappointing demand in China left the market lumbered with bulging inventories. The steelmaking material has tumbled by around a quarter from a peak in early January as China’s real estate and manufacturing activity remained under pressure. The annual … Read more

crude oil prices: Crude oil prices are already up 10% this year. What’s next?

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crude oil prices: Crude oil prices are already up 10% this year. What’s next?

Crude oil prices gained about 10 percent in the first two months of 2024. The ongoing geopolitical tensions in the Middle East and reports of falling inventories assisted prices to edge higher. Worries over supply disruptions in the Middle East added concerns to the global crude oil market. The growing conflict between Israel and Hamas … Read more