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Oil prices edge higher after US stocks build less than expected.

Oil prices ticked higher on Thursday after U.S. crude inventories rose less than expected last week and fuel stocks saw large draws.

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Copper Rose As A Weaker Dollar And Declining Exchange Stockpiles Provided Support.

Copper prices experienced a modest increase, settling up by 0.64% at 730.8, driven by a weaker dollar and declining exchange stockpiles. However, concerns persisted regarding the lack of significant policy stimulus from China, the top consumer of copper, which tempered gains. China’s export growth likely slowed in the January-February period, indicating ongoing challenges for manufacturers in attracting overseas buyers. Despite these concerns, copper inventories in LME-registered warehouses continued to decline, reaching a fresh six-month low.

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Gold at record levels as Powell says Fed cuts likely this year..

Gold prices on Wednesday hovered near a record peak hit in the previous session after U.S. Federal Reserve Chair Jerome Powell said interest rate cuts are still likely in the coming months if inflation continues to ease.

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Copper Rose As A Weaker Dollar And Declining Exchange Stockpiles Provided Support.

Copper prices experienced a modest increase, settling up by 0.64% at 730.8, driven by a weaker dollar and declining exchange stockpiles. However, concerns persisted regarding the lack of significant policy stimulus from China, the top consumer of copper, which tempered gains. China’s export growth likely slowed in the January-February period, indicating ongoing challenges for manufacturers in attracting overseas buyers. Despite these concerns, copper inventories in LME-registered warehouses continued to decline, reaching a fresh six-month low. 

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