US oil rallies to June high
Oil climbed above $50 a barrel in New York for the first time since June, catching up to Brent.
Oil climbed above $50 a barrel in New York for the first time since June, catching up to Brent.
In a big change to Brazil's offshore oil industry regulations, companies other than Petrobras can now operate blocks in the largest deep-water deposits discovered this century.
Nickel touched a two-week low as concerns about supply restrictions eased.
Dallas-based Caelus Energy says it discovered 6 billion barrels of light oil under Arctic waters.
Oil climbed after government data showed that US crude stockpiles unexpectedly dropped last week.
Goldman Sachs says a slowdown in Chinese property will pose a challenge for metals, especially iron ore and steel.
Australia's biggest iron ore producers shipped less than expected in the past three months, according to Macquarie.
Gold fell below $US1300 an ounce for the first time since June as a US interest rate hike nears.
The extraordinary coal price rally of 2016 may have peaked after China moved to further loosen production limits on its domestic miners.
Origin Energy is well on the way to the full start-up of the second production train at its $25 billion Australia Pacific LNG plant in Queen...
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