Oil prices rose as much as $2 on Thursday as new reports over Syria’s possible use of chemical weapons stirred concerns over stability in the Gulf region, while a wider rally in commodity and equity markets fuelled buying.
US Defense Secretary Chuck Hagel’s midmorning comments on Syria’s possible use of chemical weapons sent jitters through the market, traders noted.US crude rose more than 2 percent to close up $2.21 at $93.64 a barrel. Brent crude settled up $1.68 at $103.41 a barrel, narrowing the spread by more than 50 cents to $9.77 a barrel.
Technically-driven trading helped propel gains, with little to stop the upward move after US prices broke above the 50-, 100- and 200-day moving averages, said Bill Baruch, senior market strategist at iitrader.com in Chicago, Illinois.”The rally here is because the longs had reached the saturation point when US crude got to about $95. They sold…
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.(more…)
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
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