On Friday, gold managed to rally following the publication of American economic reports overnight…
Crude is steady as OPEC cuts counter ascending American supplies
On Thursday, crude markets didn’t change because soaring American crude output as well as inventories were countered by hopes that OPEC will extend an everlasting output cut during a gathering at the end of this month.
Brent crude futures LCOc1 hit $61.98 a barrel, just 11 cents above their previous close.
American West Texas Intermediate crude futures reached $55.37 a barrel, gaining 4 cents from their last settlement.
Crude definitely shrugged off a sudden ascend in the American crude inventory data, and both contracts eked out minor revenues, as senior market analyst at futures brokerage OANDA in Singapore, Jeffrey Halley explained.
Notwithstanding these slight revenues, WTI and Brent have lost approximately 4% in value since reaching 2015 maximums the previous week, suppressed partly by soaring crude availability in the US.
American crude inventories edged up for a second week in a row versus experts’ expectations in a Reuters survey for a tumble of 2.2 million barrels.
On Thursday, gold extended a mild revival in the face of mixed American data as well as a stock market stabilizing near record maximums…
Bulls could not hold yesterday's gains for USD/JPY.
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…