Oil – Reuters reported that oil stayed below $109 per barrel due to a weaker outlook for demand growth in top consumers China and the US.
Articles Tagged "ANZ"
Iron – Bloomberg reported that the prices of iron ore could likely drop between $5 and $10 as it nears its highest level since October 2011, discouraging China buyers.
Iron – Bloomberg reported that iron ore is set to fall through the end of March, as China celebrates a week-long New Year celebration next month. Mills opting for domestic supplies is also seen as a contributing factor to the price drop, according to Australia & New Zealand Banking Group Ltd.