US crude rates rises on OPEC reversing decision to hike output
Opec reversed course and announced it would not pump more crude oil, sending US prices rocketing by more than $1 a barrel and prompting a plea by the Clinton administration for the cartel to reconsider its action.

Anti-dumping probe into caffeine, theophylline imports
The union commerce ministry has initiated anti-dumping investigations against European union (EU) for allegedly dumping theophylline and caffeine in Indian markets.

Brazilian-frost dampens coffee futures
Coffee-futures prices soared 18% as the Brazilian government fanned traders' worst fears by predicting severe frost damage to that country's next two harvests.


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