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Crude Gains as New Saudi Oil Minister Repeats Commitment to Production Cuts

Monday, 9 September 2019 19:24 WIB Minyak WTI brent oil Oil, Crude Oil

Oil futures rose Monday after Saudi Arabia’s new energy minister signaled a continued commitment to production curbs. West Texas Intermediate crude for October delivery rose 30 cents, or 0.5%, to $56.82 a barrel, while November Brent crude the global benchmark, was up 22 cents, or 0.4%, to $61.66 a barrel. Saudi Arabia’s King Salman on Sunday named one of his sons, Prince Abdulaziz bin Salman, as energy minister, replacing Khalid al-Falih, who had served as the kingdom’s top energy official since 2016. Speaking on Monday, Prince Abdulaziz said the framework of Saudi policy wouldn’t change and that an agreement between the Organization of the Petroleum Exporting Countries and its allies,...

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Energy

Oil logs a weekly loss amid worries about rise in supplies
Saturday, 14 September 2019 02:24 WIB
Oil futures finished lower on Friday, with both U.S. and international benchmark crude posting sizable weekly falls as worries about the prospect of rising inventories appeared to overshadow a

Precious Metals

Gold ends lower, suffers a weekly loss as bond yields rise
Saturday, 14 September 2019 02:08 WIB
Gold futures ended lower on Friday, giving up earlier gains to feed a loss for the week as appetite returned for assets perceived as risky and bond yields climb. Gold pared some of its earlier

CURRENCIES

The pound rose on Friday on a newspaper report that the U.K. government is contemplating some type of regulatory divergence between Northern Ireland the U.K. in an attempt to secure a Brexit

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