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On Monday, crude prices revived some ground, following the previous week's huge losses, powered by hopes that OPEC will extend its promise to minimize output to cover all of 2017, though a relentless surge in American drilling capped revenues.
American West Texas Intermediate crude futures CLc1 gained 0.5%.
Brent crude futures LCOc1 inched up 0.5%, hitting $52.23 per barrel.
Crude prices edged down steeply the previous week on the back of relatively high crude supplies notwithstanding a promise by the Organization of the Petroleum Exporting Countries as well as some other crude producers to reduce output by nearly 1.8 million barrels per day for six months from January 1 to back the market.
American drillers added crude rigs for a 14th week in a row, adding to 688 rigs and extending an 11-month revival, expected to boost American shale output in May by the biggest monthly surge in more than two years.
On Monday, the yellow metal managed to ascend, making its way towards their best outcome since April because the evergreen buck slumped on expectations that America and China would come to an agreement ending their long-lasting trade conflict…
On Thursday, gold inched down and then recovered because downbeat American economic data compensated optimism over trade negotiations between America and China…
On Monday, gold went down in Asia due to the fact that the evergreen buck managed to ascend…
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…
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