Gold keeps diving on jobless data
On Tuesday, metal prices kept sagging in the face of trade worries as well as a soaring evergreen buck…
Crude prices keep to seven-month minimums
On Tuesday, crude markets stood around seven-month minimums because market participants focused on persistent signs of soaring supply, undermining attempts by OPEC as well as other oil producers to underpin prices.
Brent futures grew 4 cents, hitting $46.95. On Monday, these futures lost 1%, settling at $46.91 a barrel.
It turned to be their lowest outcome since November 29, just the day before the Organization of the Petroleum Exporting Countries along with other crude producers agreed to reduce output for six months from January.
American West Texas Intermediate crude futures decreased 1 cent, being worth $44.19 a barrel. These futures dipped 1.2% in the previous session, settling at $44.20 per barrel, which is the lowest outcome since November 14. On Tuesday, the July contract is going to expire and August will turn to be the front-month.
Since May both benchmarks have slumped 15%, when OPEC, Russia along with other crude producers extended by nine months the output cut by 1.8 million barrels a day.
Similar
Gold declines on Fed remarks
On Wednesday, gold headed south and kept to a one-year minimum due to the fact the evergreen buck managed to strengthen on Fed Chair’s remarks, which backed views that the US major financial institution considers lifting its interest rates this year…
Gold goes down on strengthening greenback
On Tuesday, gold headed south to a year minimum, suppressed by a soar in the US dollar because Fed Chair Jay Powell told that gradual rate lifts would continue…
Popular
Japan February exports are seen surging at fastest pace since 2015
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…
Asian shares tumble with Japan markets shut
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…
Greenback surges as yields soar
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…
Deposit with your local payment systems
