Oil steady after Saudis, Abu Dhabi cut supplies – 5 Jan, 2017

Oil prices were steady on Friday as the start of supply cuts by Saudi Arabia and Abu Dhabi supported the market, but doubts that all producers will implement output reductions agreed in a landmark deal last year kept markets from rising further. Brent crude futures, the benchmark for international oil prices, were trading at $56.85…
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China Goes on $26 Trillion Commodity Binge as Shortages Seen – 4 Jan, 2017

Chinese investors traded a record volume of commodity futures last year as speculators poured in and out of the market on bets that shortages are looming. Combined aggregate trading volume on the Shanghai Futures Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange jumped 27 percent from 2015 levels to 4.1 billion contracts, according to data…
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