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Copper edges lower as higher oil, AI doubts weigh
SINGAPORE: Copper drifted lower on Friday, and was set to end the week little changed, with higher oil prices threatening to weigh on demand and a technology stock slump dampening risk appetite. Benchmark three-month copper on the London Metal Exchange was down 0.25% at $14,320.50 a metric ton by 0310 GMT. The most-traded copper contract on the Shanghai Futures Exchange fell 0.6% to 109,050 yuan a ton. Brent crude futures gained 1.44%, after Yemen’s Iran-aligned Houthis stepped up attacks on Saudi Arabia, weighing on industrial metals like copper. “Higher oil prices dampen macroeconomic demand...
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