Oil prices could be set for another weak day of trading after higher US output figures appeared to outweigh positive sentiment related to falling US stockpiles.
Cereal prices have plunged over recent weeks as investors have pared expectations for disappointing harvests. Wheat futures have fallen to 433 cents per bushel from 560 cents at the beginning of July.
Miners made strong gains today after iron ore prices hit four-month highs.
Oil prices have retreated after rising US stockpiles and elevated OPEC production hit sentiment.
US global exchanges and clearing houses operator Intercontinental Exchange is launching a London silver daily futures contract in September.
Mining stocks were in favour today after stronger data from China´s construction sector sparked a rally in metals prices.
Oil prices moved in and out of negative territory today as hopes of a production cut from Saudi Arabia appeared to largely offset news of a rise in US crude inventories
Oil prices could fall below $40 per barrel this year as a supply glut continues to pressure the market.Longer-term forecasts also point to further downside.