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Oil Ends Lower For The Week; Natural Gas Sees Biggest Weekly Plunge Since 2016

Saturday, 15 December 2018 04:02 WIB Minyak WTI brent oil Oil, Crude Oil

Oil prices fell on Friday, settling lower for the week, as a stronger dollar cut global demand for U.S.-priced commodities and a slide for the stock market sullied the risk-taking mood. Meanwhile, natural-gas futures took a plunge that left them down nearly 15% for the week — the largest such loss in nearly three years, as weather forecasts dulled prospects for demand. Oil prices had climbed Thursday as traders contemplated data showing a blip higher in monthly OPEC output even as future cuts loom, as well as a recent report of a weekly decline in U.S. crude supplies and production. Gains picked up late Thursday after a news report said Saudi Arabia plans to cut shipments to U.S....

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RECENT NEWS

Gold futures fell on Friday, with strength in the dollar helping to push prices for the metal down by 0.9% for the week. "Gold will continue to trade in a range of $1,200-$1,250 until the [Federal Open Market Committee] gives a better picture of...

Gold weakens as haven buying lifts U.S. dollar

Friday, 14 December 2018 20:35 WIB GOLD EMAS

A round of weaker-than-expected Chinese economic data was spooking global investors Friday, but failed to provide a lift for gold thanks to a stronger U.S. dollar. Gold for February delivery on Comex was off $5, or 0.4%, to $1,242.40 an ounce,...

The recovery attempts in WTI (oil futures on NYMEX) failed once again near 52.70 levels, sending the rates back below the midpoint of the 52 handle, as the bears fight back control amid unabated broad US dollar demand and looming China slowdown...

Gold headed for its biggest weekly drop in five weeks, as investors weighed easing trade tensions between the U.S. and China ahead of the U.S. Federal Reserve’s final policy meeting of 2018 next week. China will remove the punitive...

The U.S. dollar was higher on Friday, as investors turned their focus to the expected Federal Reserve rate increase next week, even as uncertainty over next year’s hikes kept gains in check. The U.S. dollar index, which measures the greenback’s...

Gold Steady as Trade Tensions Ease Before Fed

Friday, 14 December 2018 16:12 WIB GOLD EMAS

Gold trades steady, set for its biggest weekly drop in five weeks, as investors weigh easing trade tensions between the U.S. and China ahead of the U.S. Federal Reserve’s final policy meet of 2018 next week. China...

Energy

Oil prices fell on Friday, settling lower for the week, as a stronger dollar cut global demand for U.S.-priced commodities and a slide for the stock market sullied the risk-taking mood. Meanwhile,

Precious Metals

Gold futures fell on Friday, with strength in the dollar helping to push prices for the metal down by 0.9% for the week. "Gold will continue to trade in a range of $1,200-$1,250 until the [Federal

CURRENCIES

The U.S. dollar was higher on Friday, as investors turned their focus to the expected Federal Reserve rate increase next week, even as uncertainty over next year’s hikes kept gains in check. The

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