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FINWIRES

Canada Commodities: Oil Prices Slips on Reports That Saudi Pipeline to be Repaired Shortly

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Oil prices are lower Wednesday morning after the US said Saudi Arabia's damaged pipeline would be repaired in days, multiple media outlets are reporting.

US Energy Secretary Chris Wright said the pipeline outage was a "brief and temporary interruption" that would only last "days", when he spoke to CNBC on Tuesday.

Saudi Arabia's pipeline to the Red Sea was damaged by drone attacks earlier this week.

West Texas Intermediate October crude oil futures, the US benchmark, fell 1.7% to $104.04 per barrel. November Brent oil futures, the international benchmark, edged down 1% to $107.69 a barrel.

Comex gold December futures rose 1.5% to $4,396.40 per ounce, on rate hike expectations. The US Federal Reserve will announce its policy decision this afternoon.

In agricultural commodities, December wheat futures fell 0.2% to $7.27 per bushel, while canola futures for November edged up 0.9% to CA$836.90 per tonne.

What else is happening in Mining & Metals?

Mining & Metals

RFA Financial Maintains Quarterly Dividend at CA$0.33 Per Share

RFA Financial (RFA.TO) declared a quarterly dividend at CA$0.33 per share for the quarter ending Sept. 30, the company said Tuesday afternoon.The dividend is payable on Oct. 15, to shareholders of record on Sept. 30.RFA Financial shares closed down CA$0.09 at CA$26.28 on the Toronto Stock Exchange.

$RFA.TO
Mining & Metals

Goldquest Mining Appoints Dennis Kwong as CFO

GoldQuest Mining (GQC.V) said Tuesday it appointed Dennis Kwong as chief financial officer, effective Sept. 15.Kwong has experience in mining finance, capital markets, mergers and acquisitions, project financing and corporate development.

$GQC.V
Mining & Metals

Avalon Advanced Materials' Nechalacho Project Included in Canada Investment Summit Prospectus

Avalon Advanced Materials (AVL.TO) said Tuesday its Nechalacho Rare Earths Project in the Northwest Territories was selected for inclusion in the Canada Investment Summit Prospectus.The project will also be showcased by the Government of the Northwest Territories as a strategic critical-minerals development opportunityThe company said the project has been explored in the past "including a historical 2013 Definitive Feasibility Study, extensive drilling and supporting technical studies". It is preparing a Preliminary Economic Assessment for the property.The summit's prospectus features 167 investment opportunities across Canada, including 63 projects in the minerals and metals sector.

$AVL.TO