Oil market sinks on rising US inventories

Saturday, 26 October 2013 - 8:06

Oil+market+sinks+on+rising+US+inventories

World oil prices dived to multi-month lows this week, weighed down by abundant stockpiles in top consumer the United States.

 

Coffee futures slumped to their lowest levels in four and a half years, as traders also eyed the prospect of bumper harvests from top producers Brazil and Vietnam.

 

On the upside, precious metals won some support as the dollar hit a two-year euro low.



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