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Reuters reports that “oil prices rose on Tuesday after the world’s top oil exporter Saudi Arabia said explosive-laden drones had attacked two pumping stations belonging to state oil company Aramco.” In New York, NYMEX crude oil futures traded as high as $62 per barrel this morning while COMEX copper futures were little changed around $2.72 per pound. In London, base metal prices were mostly firmer this morning with LME 3-mo. copper recently trading around $6,040/mt as 3-mo. aluminum and nickel edged up to $1,835/mt and $11,860/mt, respectively. In foreign exchange trading the euro slipped to $1.1214 while the British pound was down to $1.292 as trade jitters continue to ripple through the forex markets.
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