Gold futures stand still
On Wednesday, gold was nearly intact in Asia notwithstanding an uptick in uncertainty surrounding the China-US trade negotiations…
Crude descends in Asia after strong trading week
On Friday, crude slowed its surge in Asia, following the prospect of high inventories as well as more efficient production.
August delivery US West Texas Intermediate crude futures went down 0.20% demonstrating $45.99 a barrel in New York. Meanwhile, in London, September delivery Brent futures slid 0.14%, trading at $48.35 a barrel.
Friday’s moderate losses in Asia haven’t done much to cap one of the best trading weeks for crude in months. Evidently, oil prices have been suppressed for up to three years, but this week’s reports of diving stocks in America and the probability of extending an OPEC output cap to Libya and Nigeria definitely helped to shore up markets.
On Thursday, Nigeria announced that it would restrict its crude output when it stabilizes at about 1.8 million barrels a day. In May, Nigerian oil output reached 1.733 million bpd, while June’s output is supposed to approach the target.
Similar
Gold dives to 3-week minimum
On Tuesday, the yellow metal demonstrated its lowest value for three weeks…
Gold goes down to 2019 minimum
On Monday, gold headed south to its lowest value of the year due to the fact that investor appetite for risk was still firm notwithstanding data disclosing that China's 2018 economic surge speeded down to a near three-decade minimum…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
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 real wages surge is slowest in almost two years
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…
Deposit with your local payment systems
