Original post:
China’s Zijin Mining to buy Canada’s Continental Gold for about $1 billion
Author: Gilberto2713
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Oil Prices Extend Decline for Third Day as US Inventory Jumped the Second-Largest on Record
Crude oil remained under pressure in Asia Tuesday, after falling over the past 2 days, as US crude inventory recorded the second largest increase in history while Reuters’ estimate suggests that oil demand in China grew at the slowest pace in three years in 2016.
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Oil Prices Extend Decline for Third Day as US Inventory Jumped the Second-Largest on Record -
Brent Drifted Lower as Iran about to Raise Exports
Sentiment continued to be driven by crude oil prices which continued hovering below 30. With US market closed, the focus is on the Brent contract which slipped further to 27.67 at one point, before recovering to 28.55, down -1.35%. Concerns about oversupply remained pronounced and were exacerbated by Saturday’s news that key international sanctions over Iran were lifted. This is expected to unleash at lease 500K bpd of crude exports from the country, imposing additional downward pressure on fragile oil prices in the near term.
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Brent Drifted Lower as Iran about to Raise Exports