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On Thursday, crude went down, with American crude drifting away from two-year maximums hit yesterday, although the shutdown of the Keystone pipeline as well as a drawdown in fuel inventories kept driving markets notwithstanding concerns over rising output.
American West Texas Intermediate crude futures hit $57.89 a barrel, sliding 0.2% from their previous settlement, although still close to 2015-maximums of $58.15 a barrel hit on Wednesday.
As for Brent crude futures, they reached $63.14 per barrel losing 0.3%.
Lower supplies into America from the north as well as firm exports from the south will probably back a further reduction in American inventories, as some financial experts state.
In the USA, crude inventories went down 1.9 million barrels by November 17, hitting 457.14 million barrels. Stocks have declined by 15% from their records in March, staying below the previous year’s readings.
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…
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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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