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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.
On Friday, the leading precious commodity rallied, thus offsetting some of its weekly losses because Trump’s remarks about Fed rates and the evergreen buck put pressure on the US currency…
On Tuesday, metal prices kept sagging in the face of trade worries as well as a soaring evergreen buck…
On Wednesday, gold headed south and kept to a one-year minimum due to the fact the evergreen buck managed to strengthen on Fed Chair’s remarks, which backed views that the US major financial institution considers lifting its interest rates this year…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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