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Oil Extends Rally; Saudis Seen Keeping Market Tight

Wednesday, 24 April 2019 03:37 WIB Minyak WTI Brent

Now that the Saudis have President Donald Trump where they want him, they're likely to milk his decision to ban Iranian oil for whatever it's worth before slowly releasing more barrels of their own to the market. New York-traded West Texas Intermediate crude settled up 75 cents, or 1.1%, at $66.30 per barrel. That extended Monday's 3% rally sparked by Trump's decision not to renew sanction waivers for importers of Iranian oil. London-traded Brent settled up higher by 47 cents, or 0.63%, at $74.51 a barrel. Source : Investing.com

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Energy

Oil prices pressed higher on Tuesday, marking fresh 2019 highs, after the White House confirmed that it will not extend waivers for countries that had previously allowed them to purchase Iranian

Precious Metals

Gold prices on Tuesday finished lower as one popular measure of the U.S. dollar teetered near a two-year high, producing headwinds for bullion. Gold for June delivery declined $4.40, or 0.3%, to

CURRENCIES

The U.S. dollar moved higher on Tuesday, gaining ground against most of its major trading partners and hitting an intraday 22-month high. The ICE U.S. Dollar Index, a measure of the buck's strength

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