Commodities Futures - Yahoo Finance
- Reuters•24 minutes ago
Profits of Chinese industrial firms surged 31.5 percent in the first two months of 2017 from a year earlier as prices of commodities from coal to iron ore raced higher, while strong imports also pointed to a pick-up in activity. Stronger earnings could give a further boost to fixed-asset investment, which quickened early in the year, and give China's "smokestack" industries more cash flow to start whittling away at a mountain of debt -- a key government priority this year. The increase was mostly due to faster growth in prices of coal, steel and crude oil, He Ping, a statistics bureau official, said in a note accompanying the statement.
- Reuters•2 hours ago
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- CNBC•2 hours ago
Global pact to limit oil supply likely to extend, but demand increase crucial to sustain prices: Analyst
The current attempt to limit oil supply will likely be extended, but a pick-up in demand is needed to support a bull case for oil, an analyst says.