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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 Thursday, the yellow metal headed south in Asia due to the fact that recent economic data indicated an improved economic surge outlook and also put pressure on the safe-haven commodity…
On Wednesday, gold was nearly intact, sticking with a four-month minimum because better-than-anticipated economic data from China kept global appetite for risky assets healthy and also tamed demand for havens…
On Tuesday, the yellow metal went down in Asia against the backdrop of more positive developments in the China-US trade negotiations…
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…
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