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Copper Surging Higher on Thursday
Copper prices are rising firmly today with the futures market up around 1.7% through early European trading. The move higher comes amidst the pullback in oil prices today following Trump posting overnight that Iran is seeking a new agreement following his declaration yesterday that the ceasefire was now over. Trump made the statement following a series of tit-for-tat attacks between the two countries which saw the US military hit over 80 Iranian sites yesterday while Iran targeted US military sites in neighbouring countries. Oil prices had spiked firmly higher yesterday as fears around the situation grew. Copper ... (full story)
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TRUMP SAYS IRAN REACHED OUT SEEKING A NEW AGREEMENT
From think.ing.com | 16 hr ago
The oil market has continued to rally as the ceasefire between the US and Iran appears to be on life support. ICE Brent settled 5.2% higher yesterday at a little over $78/bbl, with further upside expected today following additional US strikes against Iran in response to its earlier attacks on several vessels navigating the Strait of Hormuz. President Trump ...
From brecorder.com | 3 hr ago
Copper rebounded on Thursday as the market hoped for another de-escalation in hostilities in the Gulf and the dollar dipped after its recent surge. Benchmark three-month copper on the London Metal Exchange was up 2.1% at $13,437 a metric ton as of 0920 GMT. The metal had dropped 1.5% on Wednesday on demand concerns after U.S. President Donald Trump said the ...
