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Oil Rises 3% as China Moves to Stimulate Economy

Wednesday, 16 January 2019 04:02 WIB Minyak WTI Brent

Oil futures settled higher Tuesday, recouping some of the losses suffered over back-to-back sessions as China took steps to boost its economy a day after another round of downbeat data. Against this backdrop, West Texas Intermediate crude for February delivery rose $1.60, or 3.2%, to settle at $52.11 a barrel on the New York Mercantile Exchange. Prices had closed up for nine consecutive sessions through last Thursday, to their highest since early December, before mild drops on Friday and Monday. March Brent crude rose $1.65, or 2.8%, to $60.64 a barrel on ICE Futures Europe. Crude prices have risen by more than 20% from annual lows reached at the end of 2018, on signs a global...

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Energy

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Precious Metals

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CURRENCIES

The dollar is holding modest gains as UST 10-year yields climb in risk-on trade amid optimism that U.S.-China trade tensions may be softeningas President Donald Trump prepares to

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