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Oil Falls Below $107 as Copper, Steel Gain on China Demand
Written By: Naba ZehraUpdated: Wed, May 13, 2026, 05:27 PM IST
Global commodity markets remained volatile as Brent crude slipped below $107 despite continued Middle East tensions and restrictions around the Strait of Hormuz. Copper prices surged on strong China demand and supply concerns, while gold stayed under pressure after higher US inflation data reduced hopes of rate cuts. Steel prices
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