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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, 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…
On Tuesday, gold surged, rebounding from a one-week minimum because soaring American bond gains as well as fears over the outlook for global surge backed market sentiment…
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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