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Oil Prices Trade Higher on OPEC Revised Forecast Report

Thursday, 12 December 2019 13:01 WIB Minyak WTI Brent Oil,

Oil prices traded higher on Thursday in Asia as the Organization of the Petroleum Exporting Countries (OPEC) revised its deficit forecast for next year. U.S. Crude Oil WTI Futures gained 0.1% to $58.84 by 12:18 AM ET (04:18 GMT). International Brent Oil Futures gained 0.4%. In a report released overnight, OPEC said it now expected a small deficit in the oil market in the next year, suggesting the market is tighter than previously thought. The revised forecast by OPEC marks a further retreat from a prediction of a glut in 2020 as U.S. production growth begins to slow. Source : Investing.com

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Energy

Oil Prices Trade Higher on OPEC Revised Forecast Report
Thursday, 12 December 2019 13:01 WIB
Oil prices traded higher on Thursday in Asia as the Organization of the Petroleum Exporting Countries (OPEC) revised its deficit forecast for next year. U.S. Crude Oil WTI Futures gained 0.1% to

Precious Metals

Gold prices traded higher on Thursday in Asia after the U.S. Federal Reserve held its benchmark interest rate steady and signalled it expects that hold to last through 2020. U.S. Gold Futures rose

CURRENCIES

The dollar nursed its steepest losses in weeks on Thursday, after the U.S. Federal Reserve's benign inflation outlook hosed down expectations for a rate hike any time soon, pushing Treasury yields

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