Online Forex broker
On Monday, crude markets stood still, mostly holding on to Friday's huge revenues even though ascending American output put pressure on hopes the market are going to tighten after a 13% dip in American crude inventories since March.
Brent crude futures got to $52.70 per barrel, sliding a cent from their previous close.
American West Texas Intermediate crude futures hit $48.54 a barrel, soaring up to 3 cents from their previous settlement.
It emerged after a 3% leap in prices on Friday.
Market participants told that the market turned to be somewhat held back by ascending American output that has surpassed 9.5 million barrels a day, which is its highest outcome since July 2015.
However, the surge in American output might slow in the nearer future because energy companies reduce rigs drilling for new crude for a second week in three, as the Baker Hughes energy services company informed on Friday. By August 18 drillers managed to cut up to five crude rigs, thus bringing the total count down to about 763.
On Thursday, gold faced its most impressive daily dive for six months right after it had been reported that China and America were demonstrating huge progress in resolving their long lasting trade conflict…
On Wednesday, gold was nearly intact in Asia due to the fact that traders waited for the minutes of the US major bank’s January meeting…
On Tuesday, gold managed to rally because traders awaited the publication of the minutes from the recent Fed policy gathering with hopes for them to confirm the major financial institution’s dovish policy stance…
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…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
