It appears that bullish sentiment has finally broken out in oil markets, helped along by geopolitical uncertainty and an increasingly optimistic demand outlook.Friday, March 15th 2024Brent futures have broken through the $85 per barrel for the first time since November, indicating that the gradually improving sentiment, further buoyed by Ukrainian drone strikes on Russian refineries this week and declining US inventories, is here to stay. White House Signals Discontent with US Steel Takeover.
China’s leading copper smelters Jiangxi Copper, Tongling, Jinchuan Group, and China Copper are reported to have concluded a rare agreement to cut production as spot fees to process copper concentrate fell to their lowest in a decade. Nord Stream Sues Insurers for $440 Million.
Source: Financial Digest (financialdigest.net)
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