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Oil logs a weekly loss amid worries about rise in supplies

Saturday, 14 September 2019 02:24 WIB Minyak WTI Brent Minyak Mentah Oil,

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 U.S.-China tariff detente. West Texas Intermediate crude for October delivery fell 24 cents, or 0.4%, to settle at $54.85 a barrel on the New York Mercantile Exchange—for a roughly 3% weekly decline, according to Dow Jones Market Data, tracking the front-active contract. November Brent crude  shed 16 cents, or 0.3%, to $60.22 a barrel on the ICE Futures, with prices marking a weekly fall of 2.1%. The Joint Ministerial Monitoring Committee, or JMMC, which monitors compliance with output...

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RECENT NEWS

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Energy

Oil futures ended lower on Friday, but tallied a gain of almost 6% for the week, the largest such rise in three months. As the Saudis reveal the extent of damages from the attacks on oil facilities

Precious Metals

Gold Futures Score First Weekly Gain in a Month
Saturday, 21 September 2019 01:24 WIB
Gold futures climbed Friday to tally a gain for the week, the first in four weeks, as geopolitical tensions remained high, boosting haven demand for the precious metal. President Donald Trump

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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