Rising oil prices may lift Sasol on Tuesday, which is also scheduled to release a quarterly production update. A 2% rise in Brent crude oil prices on Monday helped Sasol gain 1.1% to R371.93 and Standard Bank’s West Texas Intermediate (WTI) price tracking exchange-traded note gained 0.74% to R8.18. A rally in oil and other commodity prices boosted Sydney’s S&P/ASX 200 by 0.86% ahead of the JSE’s opening on Tuesday morning, with BHP gaining 0.78% to A$24.59. BHP fell 0.43% to R217.74 on the JSE on Monday. Following the release of Anglo American Platinum’s interim results on Monday, the next member of the Anglo family — Kumba Iron Ore — releases its interim results on Tuesday. The parent group is scheduled to release its interim results on Thursday. Kumba Iron Ore said on July 14 that it expected to report on Tuesday that headline earnings per share (HEPS) for the six months to end-June grew by up to 58%. Kumba said it benefited from higher export iron ore prices, partially offset by ...
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