4/18/2016

#Crudeoil off 6.8%, that is nice start for the week

Futures fell as much as 6.8 percent in New York, the biggest intraday drop since Feb. 1. The summit in the Qatari capital, which dragged on for more than ten hours beyond its initially scheduled conclusion, finished with no final accord. There were significant hurdles to any deal after Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman said the kingdom wouldn’t restrain its production without commitments from other major producers including Iran, which has ruled out freezing for now. Bloomberg.

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Producer associations urge world’s largest buyers to fight price crisis with joint action | Global Coffee Report

Producer associations urge world’s largest buyers to fight price crisis with joint action | Global Coffee Report

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