Gold surges a bit
On Friday, gold headed south…
Crude stands still as leaping American output undermines OPEC cuts
On Tuesday, crude was nearly intact because the impact from hopes for an extended OPEC-led output cut was neutralized by ascending oil output in America.
Brent crude futures demonstrated $62.20 a barrel, adding 8 since their previous close.
Meanwhile, US West Texas Intermediate crude futures hit $56.50 a barrel, also rising 8 cent from their previous settlement.
Market participants told they stood away from taking on large new positions because of uncertainty in financial markets.
The Organization of the Petroleum Exporting Countries along with a group of non-OPEC producers headed by Russia, has been gradually reducing output since the beginning of 2017 in an attempt to end a global supply overhang and underpin prices.
The deal to tame output will expire in March 2018, although OPEC will have a meeting on November 30 in order to discuss the outlook for the policy.
OPEC is believed to extend output cuts due to the fact storage levels are still high notwithstanding recent drawdowns.
Similar
Gold goes up on weaker greenback
On Tuesday, the yellow metal managed to surge in Asia…
Gold adds as greenback dives on Powell
On Wednesday, the yellow metal faced its greatest one-day profit for more than a month, with Act One of the Federal Reserve and Act Two expected to be uncovered tomorrow…
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
