BRENT CRUDE 107.51 +0.43; COTTON 86.77 -3.66

In its monthly World Agricultural Supply and Demand Estimates report the USDA lowered its global cotton demand outlook by 2.6% from a month earlier. As a result cotton futures fell to their lowest level in 2 weeks having declined by nearly 14% in the past 4 weeks.

Crude futures fell in Asian trade, extending losses from European and US sessions. A drop in Chinese export growth from 15.9% in October to 13.8% in November added to the downward pressure on prices.

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