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POPULAR NEWS
Oil Trades Near $62 as Shale Fears Counter OPEC Supply Curbs

Oil traded near $62 a barrel on concerns an increase in American drilling may undermine OPEC™s efforts to drain a global glut. Futures were little changed in New York after rising 4.2 percent last week as equity markets rebounded and a weakening dollar boosted demand for commodities. U.S. drillers boosted the number of rigs exploring oil to the highest since April 2015, Baker Hughes said last week. Hedge funds cut bets on rising West Texas Intermediate oil prices by...

Gold Rises as Dollar Drops With Fed Minutes in Focus

Gold advances as the dollar weakens, with investors waiting for release of minutes of Federal Reserve™s Jan. 30-31 meeting due Wednesday, and as inflation remains on radar. Bullion for immediate delivery +0.3% to $1,350.34/oz by 9:59am in Singapore, according to Bloomberg generic pricing Metal +2.3% last week, biggest weekly gain since Sept. Bloomberg Dollar Spot Index -0.2% after -1.3% last week In other precious metals: Silver +0.4% to $16.7177/oz....

Asian markets continue to push higher

Asian shares started Monday higher as confidence in equities continued to return, with some markets in the region reopening after the Lunar New Year holiday. South Korea™s Kospi was up 1.2%, Singapore™s benchmark gained 0.5% and Japan™s Nikkei Stock Average rose 1.1%, helped by some yen softening after last week™s sharp rises. Shares in Australia also rose while stocks in New Zealand underperformed. Markets in China, Hong Kong and Taiwan remain closed for the holiday. U.S. markets...

Saham Tokyo dibuka menguat Ikuti Saham Wall Street

Saham Tokyo dibuka menguat pada hari Senin, didukung oleh investor atas kenaikan lanjutan di Wall Street pekan lalu. Indeks acuan Nikkei 225 naik 0,72% atau 155,32 poin menjadi 21,875.57 pada awal perdagangan sementara indeks Topix yang lebih tinggi naik 0,82% atau 14,28 poin pada level 1.751,65.(yds) Sumber: AFP

Gold Futures Dip as Dollar Steadies

Gold futures fell modestly Monday, giving up part of last week™s gain, as a steadier dollar weighed on the metal, and as the Presidents Day holiday in the U.S. gave many traders the session off. April gold lost $5.40, or 0.4%, to $1,350.80 an ounce in electronic trading, while March silver shed a nickel, or 0.3%, to $16.66 an ounce. The drop came as the dollar was steady to slightly higher against major rivals. A weaker buck can boost commodities priced in dollars, because it makes them...

Oil up as OPEC output falls, hurricane impact seen as 'negligible'
Wednesday, 13 September 2017 03:27 WIB | ENERGY |MinyakBrentMinyak WTIMinyak WTI BerjangkaOil,

Oil prices rose on Tuesday after OPEC forecast higher demand in 2018 and Russia and Venezuela confirmed their commitment to a production-cutting deal in an effort to reduce the global crude glut.

In its monthly report, the Organization of the Petroleum Exporting Countries also said the two hurricanes that hit the United States in recent weeks would have a œnegligible impact on demand.

About 6.1 million customers are without power following Hurricane Irma, down from a peak over 7.4 million late Monday, according to local utilities.

The market was assessing Hurricane Irma™s effect on demand, even as refinery restarts in the wake of Hurricane Harvey boosted expectations for crude oil consumption.

Brent crude settled up 43 cents or 0.8 percent to $54.27 per barrel. During the session it traded as low as $53.42.

U.S. West Texas Intermediate (WTI) was up 16 cents or 0.3 percent to $48.23 a barrel. It hit a session low of $47.73.

Output by OPEC™s 14 member countries fell in August by 79,000 barrels per day (bpd) from July to 32.76 million bpd.

Source: Reuters

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POPULAR NEWS
Oil Trades Near $62 as Shale Fears Counter OPEC Supply Curbs

Oil traded near $62 a barrel on concerns an increase in American drilling may undermine OPEC™s efforts to drain a global glut. Futures were little changed in New York after rising 4.2 percent last week as equity markets rebounded and a weakening dollar boosted demand for commodities. U.S. drillers boosted the number of rigs exploring oil to the highest since April 2015, Baker Hughes said last week. Hedge funds cut bets on rising West Texas Intermediate oil prices by...

Gold Rises as Dollar Drops With Fed Minutes in Focus

Gold advances as the dollar weakens, with investors waiting for release of minutes of Federal Reserve™s Jan. 30-31 meeting due Wednesday, and as inflation remains on radar. Bullion for immediate delivery +0.3% to $1,350.34/oz by 9:59am in Singapore, according to Bloomberg generic pricing Metal +2.3% last week, biggest weekly gain since Sept. Bloomberg Dollar Spot Index -0.2% after -1.3% last week In other precious metals: Silver +0.4% to $16.7177/oz....

Asian markets continue to push higher

Asian shares started Monday higher as confidence in equities continued to return, with some markets in the region reopening after the Lunar New Year holiday. South Korea™s Kospi was up 1.2%, Singapore™s benchmark gained 0.5% and Japan™s Nikkei Stock Average rose 1.1%, helped by some yen softening after last week™s sharp rises. Shares in Australia also rose while stocks in New Zealand underperformed. Markets in China, Hong Kong and Taiwan remain closed for the holiday. U.S. markets...

Saham Tokyo dibuka menguat Ikuti Saham Wall Street

Saham Tokyo dibuka menguat pada hari Senin, didukung oleh investor atas kenaikan lanjutan di Wall Street pekan lalu. Indeks acuan Nikkei 225 naik 0,72% atau 155,32 poin menjadi 21,875.57 pada awal perdagangan sementara indeks Topix yang lebih tinggi naik 0,82% atau 14,28 poin pada level 1.751,65.(yds) Sumber: AFP

Gold Futures Dip as Dollar Steadies

Gold futures fell modestly Monday, giving up part of last week™s gain, as a steadier dollar weighed on the metal, and as the Presidents Day holiday in the U.S. gave many traders the session off. April gold lost $5.40, or 0.4%, to $1,350.80 an ounce in electronic trading, while March silver shed a nickel, or 0.3%, to $16.66 an ounce. The drop came as the dollar was steady to slightly higher against major rivals. A weaker buck can boost commodities priced in dollars, because it makes them...

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