Tag: LME metals extend gains d-o-d; oil drops on peace signals while US retail demand slows

Oil prices fall on Russia-Ukraine peace signals US retail sales slow amid consumer caution Base metals prices on the London Metal Exchange (LME) showed positive trends d-o-d, with nickel increasing by 1.18% to $14,872/tonne (t). Meanwhile, inventories at LME-registered warehouses witnessed positive movements, with zinc recording the highest gain of 1.21%. Domestic market overview In…