Commodities
Commodities daily update: precious metals, base metals, crude oil (February 08, 2010)
By Nirmal Bang
- Harmony Gold Mining Co. second quarter earnings were lifted by a rise in the price of gold and declining costs despite a drop in production, the South Africa-based company said today. Gold production for the quarter was down 1.2 percent to 371,956 ounces, mainly due to the closure of marginal shafts.
- Investor and analyst sentiment in the euro zone fell this month to its lowest level since October 2009, the Sentix research group said today. Sentix's gauge of investor and analyst sentiment dropped to -8.2 in February from -3.7 in January, data showed. The fall was the first since July 2009.
- The onshore division of United Arab Emirates state-run oil company ADNOC expects to boost onshore crude capacity to 1.8 million barrels per day (bpd) by 2017, a top official said today.
- The North Sea Oseberg crude oil stream will load about 216,000 barrels per day (bpd) in March, compared with 195,000 bpd in February, a trade source said today.
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