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Energy

Oil markets rose on Thursday, lifted by a fourth straight weekly fall inU.S. crudeinventories, though climbing output capped prices well below the 2015 highs reached earlier this week. U.S. West Texas Intermediate (WTI) crude futures were at $56.77 a barrel at 00344 GMT, up 17 cents, or 0.3 percent, from their last settlement. Brent crudefutures, the international benchmark for oil prices, were at $62.81 a barrel, up 37 cents, or 0.6 percent from their last close. U.S. crude oil stockpiles fell by 5.1 million barrels in the week to Dec. 8, the fourth consecutive week of declines, to 442.99 million barrels, the lowest... Read more...

Bullion

Gold prices gained in Asia on a perceived dovish tilt to a Fed rate hik overnight and as economists grapple with inflation outlook with the US reaching nearly full employment by conventional measures. Gold futuresfor February delivery on the Comex division of the New York Mercantile Exchange rose by 0.86% to $1,259.30 a troy ounce. China reportedindustrial productionfor November came in at a gain of 6.1%, compared with a 6.2% rise seen followed byretail saleswhich rose 10.2%, compared to a 10.3% rise expected andfixed asset investmentcame in up 7.2% as seen. The Federal Reserve approved its third rate hike of 2017, and forecasts... Read more...