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Oil Set for Biggest Weekly Gain Since January After Saudi Attack

Friday, 20 September 2019 20:23 WIB Minyak Minyak WTI Minyak Brent

Oil in London was on track for its biggest weekly increase since January as traders waited to see whether Saudi Arabia can fulfill promises to swiftly repair critical facilities attacked last weekend. The world's biggest crude exporter has vowed to restore its Abqaiq processing plant and Khurais oil field this month after an aerial strike disabled 5% of global supply and triggered Brent's biggest-ever one-day jump. On Friday Saudi Aramco showed reporters the Khurais site, revealing substantial damage to at least two of its five stabilization towers. Brent crude for November settlement rose 1.3% to $65.24 a barrel on the ICE Futures Europe Exchange at...

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Energy

Oil in London was on track for its biggest weekly increase since January as traders waited to see whether Saudi Arabia can fulfill promises to swiftly repair critical facilities attacked last

Precious Metals

Gold prices inched higher Friday but gains were capped by a rise in bonds yields and stocks. However, bullion's trade over the past five sessions puts it on pace to break out of a weekly skid of

CURRENCIES

The dollar drifted lower on Friday after central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, and risk appetites ebbed on caution about U.S-China

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