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On Tuesday, oil slumped in Asia on profit-taking, and in careful trade after a terrible explosion at a concert venue in Manchester was supposed to be a terror attack with news suggesting that the authorities are considering rescheduling the June 8 surveys for the parliament.
In New York, June delivery crude futures declined 0.33%, trading at $50.96 a barrel. Meanwhile, in London, Brent futures tumbled 0.35%, getting to $53.68 a barrel.
Overnight, oil futures tacked on amid ascending hopes that OPEC members are going to agree to extend their output drops, after Iraq backed Saudi Arabia’s view that output drops should be extended at least until March 2018.
On Monday, oil inched up because expectations grew for an extension of the supply-cut agreement, right after on Monday Iraqi Oil Minister Jabar Ali al-Luaibi announced that he agreed with Saudi Arabia on the necessity to extend OPEC crude output dips for nine months.
Anxiety over the US-China trade conflict and Brexit is keeping the yellow metal’s $1,200 perch alive, notwithstanding the evergreen buck trying to gain leverage against gold on the same fears…
On Monday, gold slipped a bit because the USD index rallied to its highest value for more than 17 months, thus affecting gold’s demand…
On Friday, gold edged down due to the fact that inflation data indicated steady interest rate lifts by the primary US financial institution…
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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