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On Tuesday, crude prices rose in European trade, extending a rebound off the previous week's four-month minimums on the probability that major producers could extend output dips beyond an agreed-on June deadline.
June delivery US West Texas Intermediate crude futures grew 0.5%, being worth $46.67 a barrel.
On Monday, the US benchmark settled higher for the second trading session, rebounding having hit its lowest value since November 14 at $43.76 on Friday.
Meanwhile, July delivery Brent futures in London jumped 25 cents, showing $49.59 a barrel. On Friday, this benchmark tumbled to $46.64, a value not observed since November 15.
OPEC along with non-member crude producers are actually considering extending a global supply drop for nine months or even more in order to clear a supply glut.
According to one industry source, there had been talks about extending curbs until the end of the first quarter of next year, when oil demand should be seasonally poor.
On Monday, the yellow metal managed to ascend, making its way towards their best outcome since April because the evergreen buck slumped on expectations that America and China would come to an agreement ending their long-lasting trade conflict…
On Thursday, gold inched down and then recovered because downbeat American economic data compensated optimism over trade negotiations between America and China…
On Monday, gold went down in Asia due to the fact that the evergreen buck managed to ascend…
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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…
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