Copper retreats from near record on Fed rate uncertainty

Bloomberg · 1 hour ago
  • Copper fell from near-record levels as traders assessed the US interest rate outlook amid shifting oil prices and comments from Federal Reserve officials.
  • Palm oil dropped to its lowest since early August on worries over swollen inventories in Malaysia, the world's second-biggest grower, as production peaks and demand flags.
  • Qantas CEO Vanessa Hudson said the airline is projecting demand and is confident about long-haul routes as oil prices rise.