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On Tuesday, crude sank in Asia amid uncertainty as for a probable extension of output cuts by key oil producers as well as expectations of higher supply because the Keystone pipeline restarts.
Brent futures dived to $63.72 a barrel, losing 0.2% from their last close.
American West Texas Intermediate futures slumped 0.5% being worth $57.82 a barrel having sagged 1.4% in the previous session.
On Friday, US crude hit $59.05 a barrel, which is the highest value since mid-2015, driven by the outage of the Keystone pipeline, Canada's one of key crude export routes to America.
This week TransCanada Corp told it would have the 590,000 barrel-per-day pipeline restarted at reduced pressure a bit later on Tuesday having obtained approval from American regulators.
Ongoing uncertainty over Russia's determination to join other key crude producers in their extending crude output curbs beyond next March has put pressure on crude markets.
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…
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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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