Gold declines on dismal US data
On Thursday, gold inched down and then recovered because downbeat American economic data compensated optimism over trade negotiations between America and China…
Crude prices soar on first dip in American drilling in months
On Monday, crude jumped, underpinned by the first sag in American drilling activity in months, though revenues were capped by reports of soaring OPEC output the previous month even as the group has promised to minimize supply.
Brent crude futures managed to leap 0.3%, showing $48.93 per barrel, having soared 5.2% the previous week, its first weekly jump in six weeks.
American West Texas Intermediate crude futures went up 0.5%, trading at $46.28 per barrel, contributing to the previous week's 7% revenue.
Oil prices added because drilling activity in America for new crude output went down for the first time since January, losing by two rigs.
American crude futures went down 9% during the second quarter, which concluded in June, while Brent futures sagged 9.3%. It extended first-quarter dips for the contracts.
Notwithstanding the sag in American drilling activity, the overall rig count turned to be more than double the 341 rigs in the same week the previous year, according to energy services company Baker Hughes Inc.
Similar
Gold inches down
On Monday, gold went down in Asia due to the fact that the evergreen buck managed to ascend…
Gold goes down as greenback surges
On Friday, gold inched down in Asia notwithstanding resumed China-US tensions…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
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 real wages surge is slowest in almost two years
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…
Deposit with your local payment systems
