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On Wednesday, oil prices sagged in Asia, with a first weekly data look at the consequences of Hurricane Harvey ahead with industry estimates made by the American Petroleum Institute as well as caution in the financial markets because Hurricane Irma is making its way to Florida.
October delivery crude futures tumbled 0.32% in New York being worth $48.55 a barrel. At the same time Brent futures tumbled 0.49% in London, demonstrating an outcome of $53.12 a barrel.
Overnight, crude futures jumped because Gulf Coast refineries started restarting operations, reacting to the disruptions provoked by Hurricane Harvey the previous week.
Crude prices kept paring losses sustained the previous week, after pipelines, crude refineries and transportation routes across Louisiana and Texas started restarting operation, thus improving American refinery capacity, right after flooding because of Hurricane Harvey shut down approximately a quarter of refinery capacity the previous week.
On Friday, the leading precious commodity rallied, thus offsetting some of its weekly losses because Trump’s remarks about Fed rates and the evergreen buck put pressure on the US currency…
On Tuesday, metal prices kept sagging in the face of trade worries as well as a soaring evergreen buck…
On Wednesday, gold headed south and kept to a one-year minimum due to the fact the evergreen buck managed to strengthen on Fed Chair’s remarks, which backed views that the US major financial institution considers lifting its interest rates this year…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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