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,...



Gold prices inched lower on Monday as equities rose, but policy easing expectations by major central banks gathered momentum, amid soft economic data, which kept prices steady over the psychological level of $1,500. Spot gold eased 0.1% to...

The euro was holding steady on Monday as investors looked ahead to a European Central Bank meeting later this week at which new stimulus is expected, while the British pound was pressured lower by Brexit uncertainty. The euro was little changed at...

Oil rose on Monday on expectations that Saudi Arabia, the world's largest oil exporter, will continue to support output cuts by OPEC and other producers to prop up prices under new Energy Minister Prince Abdulaziz bin Salman. Prices climbed for a...

Gold edged higher after Federal Reserve Chairman Jerome Powell's last speech before next week's policy meeting cemented views for another interest-rate reduction and weak job gains signaled the U.S. labor market's slowdown is...

Oil extended gains after Saudi Arabia ousted its long-time energy minister before an OPEC+ committee that monitors compliance with output cuts meets this week in Abu Dhabi. Futures rose for a fourth day in New York after climbing 2.6% last...

The euro was on the back foot on Monday ahead of a European Central Bank meeting later this week at which policymakers are expected to deliver new stimulus to bolster a flagging regional economy. Heightened expectations for an ECB easing come as...


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


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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