Melbourne
Shanghai copper futures climbed nearly 2 percent on Thursday, recovering some of the previous session´s steep losses, as a rally in oil prices filtered through to other commodities.
OPEC agreed on Wednesday to its first oil output cuts since 2008, driving up crude prices by around 10 percent.
"Industrial metals were stronger, spurred on the by the gains in the energy sector," ANZ bank said in a note, although it cautioned the oil-inspired rally could soon top out.
Higher oil prices could reactivate more dormant U.S. shale oil output, the bank said, adding that it doesn´t expect oil to fetch much above $60 per barrel in early 2017.The most-traded copper contract on the Shanghai Futures Exchange had risen 1.8 percent to 47,060 yuan ($6,827.12) a tonne by 0700 GMT, after falling 3.6 percent on Wednesday.
This initiative enables them to earn a dignified livelihood for their families
The event will host more than 700 booths, including leading global and Pakistani tech giants
Gold rates increased by $8 to all-time high rates of $2,371 per ounce in the international market
Strong retail sales prompted economists at Goldman Sachs to boost their gross domestic product
The IMF dictates its terms based on our past performance
Goldman's profit rose 28 percent to $4.13 billion, or $11.58 per share, in the first quarter
