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Oil edges up ahead of US storage data as OPEC, Fed see robust economy

Thursday, 14 November 2019 03:06 WIB Minyak WTI Minyak Mentah Minyak Brent

Oil prices edged up on Wednesday after the Organization of the Petroleum Exporting Countries said it saw no signs of global recession and rival U.S. shale oil production could grow by much less than expected in 2020. Also supporting prices were comments by Federal Reserve Chair Jerome Powell, who said the U.S. economy would see a “sustained expansion” with the full impact of recent interest rate cuts still to be felt. Brent crude futures gained 31 cents to settle at $62.37, having fallen by over 1% earlier in the day. U.S. West Texas Intermediate crude settled at $57.17 per barrel, gaining 32 cents or 0.6%. Analysts said WTI was up more than Brent ahead of storage data from the U.S....

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RECENT NEWS

Gold and silver prices posted their first gain in five sessions on Wednesday, with uncertainty over the outlook for a U.S.-China trade deal and the first day of public impeachment proceedings against President Donald Trump helping to support haven...

U.S. Dollar Flat After Powell Comments

Wednesday, 13 November 2019 23:30 WIB DOLLAR GBP/USD USD/JPY,

The U.S. dollar was unmoved on Wednesday after prepared remarks from Federal Reserve Chairman Jerome Powell. Powell, who is testifying in front of Congress, said that while the economy is on track right now, there are risks to the current economic...

Gold prices gained on Wednesday on lack of clarity on the U.S.-China trade negotiations, keeping markets wary about the tariff war’s toll on the health of the global economy. Spot gold rose 0.5% to $1,464.80 per ounce. U.S. gold futures inched...

Oil prices fell on Wednesday as prospects for a trade deal between the United States and China faded, weighing on the outlook for the global economy and energy demand. U.S. President Donald Trump said on Tuesday the two countries were close to...

Gold rebounded from near a three-month low as optimism over a trade deal ebbed and traders looked for signs of a reversal in the recent downtrend in precious metals. Spot gold climbed 0.6% to $1,464.27/oz by 10:48am in London. Prices...

The pound was slightly weaker against the U.S. dollar on Wednesday and stable against the euro, as weak economic data, which should hurt sterling, is more than offset by supportive political developments in Britain. Average weekly earnings rose at...

Energy

Oil prices edged up on Wednesday after the Organization of the Petroleum Exporting Countries said it saw no signs of global recession and rival U.S. shale oil production could grow by much less than

Precious Metals

Gold, Silver Prices Score First Gain in 5 Sessions
Thursday, 14 November 2019 02:06 WIB
Gold and silver prices posted their first gain in five sessions on Wednesday, with uncertainty over the outlook for a U.S.-China trade deal and the first day of public impeachment proceedings

CURRENCIES

U.S. Dollar Flat After Powell Comments
Wednesday, 13 November 2019 23:30 WIB
The U.S. dollar was unmoved on Wednesday after prepared remarks from Federal Reserve Chairman Jerome Powell. Powell, who is testifying in front of Congress, said that while the economy is on track

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