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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, gold surged nearly 1% hitting the highest value for three months because a combination of fears over soaring American yields as well as the impact of trade clash, along with geopolitical risks and also a weaker greenback, backed demand for the…
On Thursday, gold jumped over 1%, thus getting back to the psychologically crucial mark of $1,200 because a rout in global stock markets underpinned worries over soaring bond gains, speeding down global growth, not to mention trade clashes…
On Wednesday, gold slumped because elevated bond gains kept to their steepest values since 2011 and the USD index stood still sticking with its seven-week maximum…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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