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War prices: crude oil falls to March levels, gas rises

Iron and steel go down due to lower demand from China

19 August, 17:29
(ANSA) - BELGRADE, AUG 19 - Oil and gas are involved in a contrast, metals are weak, and wheat rises slightly. That's the scenario for global commodities in the last session of the mid-August holiday week. Down to the levels of last March 3 goes US crude oil (Wti down 1.06%, $89.54 per barrel), which settles below $90 per barrel, whereas North Sea Brent (down 1.17%, $95.47 per barrel) remains well below the 100-dollar threshold.

Natural gas is bucking the trend (up 1.66%, 245 euros per MWh), well above the record of 241 euros marked yesterday at the close of the session. The rush to the storage to make up for the drop in imports from Russia in the coming winter continues.

Also rising is the price of natural gas in London, where the £5 mark was breached, with a demand of 523.93 pence per MBtu.

Metals were weak, including gold (down 1.13%, $1,750 per ounce) and silver (down 3.12%, $19.21 per ounce). Iron goes down by 0.95% to $680.5 per tonne and steel by 0.79% to 3,998 dollars per tonne due to lower demand from China. On the rise were durum wheat quotations (up 0.83%, $822 per 5,000 bushel) and soft wheat (down 0.53%, $753). (ANSA).

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