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Commodities

Airfare continues to rise despite lower oil prices
Simply put: Airlines have no compelling reason to offer any breaks. Planes are full. Investors want a payout. And new planes are on order.
Oil slides to 4-year lows; gold stable after losses
Gold consumption meanwhile fell slightly in the third quarter as sliding jewellery demand in China offset strong growth in India.
Saudi adds to oil power with new refineries
The two state-of-the-art plants will give it 800,000 barrels per day in refining capacity online in 2015, part of an ambitious downstream drive which will see its refining capacity rise to eight million bpd in a decade.
Oil prices dip after Saudi Arabia cuts sale prices to US
Front-month Brent touched a low of $82.08, its weakest since October 2010, and was down $2.60 at $82.18 a barrel by 1305GMT.
Russia oil output near high amid sanctions
The figure was little changed from Septemberís 10.61 million bpd and a touch under the post-Soviet record high of 10.63 million bpd reached in December.
Oilís slide a blow, not a boon to Asian refiners
Forecasts that crude prices will remain weaker-than-expected into next year have also raised the spectre of big writedowns on crude and product inventories on year-end earnings reports.
Indian gold smuggling loses shine as seizures rise
A customs official said smugglers risked a jail term of up to seven years, though he said such a penalty was rare and the main deterrent was confiscating gold.
Gold rises on global growth concerns
Spot gold rose to a near four-week high of $1,237.30 an ounce and was trading up 0.4 per cent at $1,227.90 at 0945 GMT.
Brent oil slumps to four-year low; coffee hot
Many commodities were hit by grim economic data and after the IMF warned the eurozone could tip into recession.
Gold sales surge in Dubai as prices slump
The low gold rate of 137.25 dhs has seen sales soaring say Dubai jewellers.
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