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On Thursday, crude went down in Asia, with financial markets still backed by demand and supply fundamentals. Additionally, investors closely watched the US market for new demand cues if the Trump administration passes an ambitious tax cut.
November delivery crude futures sagged 0.36% in New York trading at $51.95 a barrel. At the same time, in London, Brent futures declined 0.42% being worth $57.33 a barrel.
Overnight, the given commodity managed to settle higher because market participants appreciated data demonstrating a sudden draw in American crude supplies suggesting a revival in refinery activity as well as exports following disruptions caused by Hurricane Harvey in August.
Inventories of American crude went down by approximately 1.9m barrels by September 22, confounding hopes for a soar of 3.4m barrels.
As for gasoline inventories, they tacked on by nearly 1.107m barrels.
On Thursday, gold faced its most impressive daily dive for six months right after it had been reported that China and America were demonstrating huge progress in resolving their long lasting trade conflict…
On Wednesday, gold was nearly intact in Asia due to the fact that traders waited for the minutes of the US major bank’s January meeting…
On Tuesday, gold managed to rally because traders awaited the publication of the minutes from the recent Fed policy gathering with hopes for them to confirm the major financial institution’s dovish policy stance…
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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