US extends Russian oil waiver amid persistent supply concerns. The oil market continues experiencing significant volatility, remaining highly sensitive to Iran-related developments and ongoing supply disruptions affecting global energy prices. Copper prices on the London Metal Exchange extended losses Monday, weighed down by inflation concerns linked to geopolitical tensions and disappointing Chinese economic data. London cocoa markets sold off for a fifth consecutive session, settling 5.24% lower as ample near-term supply pressured prices despite potential El Niño weather risks that could impact future production. These commodity movements reflect broader market anxieties about inflation, geopolitical stability, and global economic growth as investors navigate competing headwinds across energy and agricultural sectors.
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