India has ordered oil companies to provide $11.4 billion subsidy!

India has ordered oil companies to provide $11.4 billion subsidy for 2013/14 to help cover losses of state retailers that sell fuels at cheaper rates – a jump of 12 percent from the previous year, a source with knowledge of the matter said on Thursday.

U.S. Treasuries prices edged lower on Thursday after stronger economic data on U.S. existing home sales and factory activity lifted sentiment, while larger-than-expected weekly jobless claims failed to spur safe-haven bids.

Deb market 23 may 2014
Commodity Key Headlines

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3) Pengana Joins BT to Flag Roll Back of Mining’s Age of Austerity.
4) Empty Buses Show Defiance Trumps Hunger in Worst Platinum Strike.
5) Zimbabwe to Use Diamonds to Secure Loan: Letter to Miners.
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8) WTI Oil Falls from One-Month High on U.S. Data.

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