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On Friday, crude markets moderately declined, but generally remained intact, underpinned by everlasting supply cuts as well as strong demand that have resulted in a tightening market. However, the prospect of ascending American output capped oil prices.
Brent crude futures showed $63.76 per barrel, sliding 17 cents from its previous close.
Meanwhile, American West Texas Intermediate crude futures hit $57.07 a barrel, losing 10 cents. Although the benchmark stood near this week's more than two-year maximum of $57.92 a barrel.
The high prices were caused by efforts led by the Organization of the Petroleum Exporting Countries as well as Russia to tighten the crude market by simply withholding supplies and firm demand and jumping political tensions.
The strong crude demand is quite visible in Southeast Asia, exactly where the number of tankers holding crude in storage around Malaysia and Singapore has halved since June.
On Tuesday, gold jumped, underpinned by hopes that the US main financial institution is going to send financial markets a more dovish message as for future monetary policy following the two-day policy gathering scheduled to start a bit later on Tuesday…
On Monday, gold managed to ascend because traders closely watched a busy week probably to be dominated by the Fed’s regular policy gathering…
On Thursday, in Asia, gold slipped notwithstanding the fact that China posted weaker-than-anticipated industrial output data…
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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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