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.
Gold has already lost out in a paradigm shift exactly where the number one precious commodity is no longer considered to be a traditional refuge when traders are in a risk-off mood…
On Monday, gold headed south because Turkey’s economic turmoil left financial markets puzzled…
On Friday, gold leapt because market participants rushed to safe-have assets…
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…
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.
|
