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Oil Prices Rise On Brief Respite From Economic Concerns, Hope For Supply Cuts

Thursday, 22 August 2019 19:12 WIB Minyak WTI Brent Minyak Mentah Oil, Minyak Berjangka

Oil prices rose on Thursday as an unexpected increase in business activity in the euro zone gave traders some respite from economic worries as they await further stimulus from central banks, while hopes that OPEC has room for further supply cuts supported sentiment. New York-traded West Texas Intermediate crude futures gained 52 cents, or 0.9%, to $56.20 a barrel by 7:48 AM ET (11:48 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., advanced 50 cents, or 0.8%, to $60.80. Business activity in the euro zone unexpectedly picked up in August, according to a preliminary survey from IHS Market. Growth remained muted but the better-than-expected reading may have...

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Energy

Oil prices slide 2.1% as US-China trade war escalates
Saturday, 24 August 2019 03:44 WIB
Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world’s two

Precious Metals

Gold Futures Post a Gain For a 4th Week in a Row
Saturday, 24 August 2019 01:21 WIB
Gold futures rallied Friday, with China’s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold is likely to be most volatile during FOMC meetings

CURRENCIES

The dollar was broadly higher in early trading in Europe Friday in generally quiet trading ahead of a keenly-awaited speech by Federal Reserve Chairman Jerome Powell at 10 AM ET (14:00 GMT). At

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