On Friday, gold managed to rally following the publication of American economic reports overnight…
Crude ascends on Libyan supply disruptions
On Wednesday, crude prices extended their revenues from last session, driven by supply disruptions in Libya as well as expectations that an OPEC-led output reduction is going to be extended into the second half of 2017.
Brent crude futures had soared 14 cents from their previous close to $51.47 per barrel by. In America, West Texas Intermediate crude futures gained 20 cents, being worth $48.57 a barrel.
Yesterday, both crude benchmarks added by more than 1%.
Crude output from the western Libyan fields of Wafa and Sharara has been blocked by armed protesters, cutting output by 252,000 barrels per day, as a source at the National Oil Corporation informed Reuters on Tuesday.
The Organization of the Petroleum Exporting Countries and some other oil producers including Russia, have agreed to reduce output by nearly 1.8 million bpd during the first half of 2017 to rein in a global fuel supply overhang and also bolster prices.
On Thursday, gold extended a mild revival in the face of mixed American data as well as a stock market stabilizing near record maximums…
Bulls could not hold yesterday's gains for USD/JPY.
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…