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On Friday, in Asia, crude was narrowly mixed because traders looked ahead to American rig count data from Baker Hughes for further direction on shale crude.
November delivery crude futures gained 0.10% in New York reaching $51.34 a barrel. At the same time Brent futures dived 0.05% in London being worth $57.23 a barrel.
On Tuesday, crude prices managed to settle lower because data demonstrating a larger than anticipated build-up of product inventories kept weighing on market sentiment.
Crude prices went down because signs that OPEC would further extend the world’s supply-cut agreement deal didn’t manage to compensate everlasting investor worries over data highlighting a steep soar in gasoline as well as diesel supplies.
Issued on Wednesday, a weekly report from the Energy Information Administration revealed that American gasoline stockpiles went up for a fourth straight week. Meanwhile, supplies of distillates edged up for the first time since August.
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…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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