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POPULAR NEWS
Dollar dips on trade optimism, U.S.-China talks awaited

The dollar sagged on Monday as investor demand for the safe-haven currency receded on optimism over a reduction in U.S.-China trade tensions, with the focus on discussions between the two countries due this week. The dollar index against a basket of six major currencies was little changed at 96.126 after losing 0.55 percent on Friday. Escalating trade tensions between the United States and its trading partners, in addition to a plunge in the Turkish lira, has taken a heavy toll on emerging...

Tokyo stocks open flat

Tokyo stocks opened flat on Monday as investors looked for a fresh buying peg after rises last week on increased hopes of a resolution to the US-China trade impasse. The benchmark Nikkei 225 index gained 0.04 percent, or 8.16 points, to 22,278.54 in early trade while the broader Topix index was down 0.13 percent, or 2.24 points, at 1,695.29. Source: AFP

Oil Holds Gains on Signs of Slowing Growth in U.S. Production

Oil held gains near $66 a barrel on signs of slowing growth in U.S. crude production. Futures in New York were steady after a 0.7 percent rise on Friday. Working oil rigs in the U.S. were unchanged at 869, according to data from Baker Hughes on Friday. While it™s the highest level in more than three years, the rig count has grown only by 10 since late May. Oil has fallen about 11 percent from the highs of late June as a trade war between the U.S. and China and turmoil in...

Oil Extends Drop as Industry Data Shows U.S. Stockpiles Expand
Wednesday, 14 February 2018 07:18 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil extended a decline as industry data showed that U.S. crude and gasoline inventories expanded, undermining an effort by OPEC and its allies to clear a global glut.

Futures in New York fell as much as 0.6 percent after losing 0.2 percent Tuesday. Nationwide crude stockpiles rose by 3.95 million barrels last week, while gasoline supplies expanded by 4.63 million barrels, the American Petroleum Institute was said to report. A Bloomberg survey ahead of government data scheduled to be released Wednesday shows stored oil supplies probably increased by 3.1 million barrels last week.

West Texas Intermediate for March delivery declined as much as 36 cents to $58.83 a barrel on the New York Mercantile Exchange, and traded at $58.97 at 8:51 a.m. Japan time. The contract fell 10 cents to settle at $59.19 on Tuesday. Total volume traded was about 75 percent below the 100-day average.

Brent for April settlement rose 13 cents on Tuesday to close at $62.72 on the London-based ICE Futures Europe exchange. The global benchmark ended the session at a $3.69 premium to April WTI.

Source : Bloomberg

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POPULAR NEWS
Dollar dips on trade optimism, U.S.-China talks awaited

The dollar sagged on Monday as investor demand for the safe-haven currency receded on optimism over a reduction in U.S.-China trade tensions, with the focus on discussions between the two countries due this week. The dollar index against a basket of six major currencies was little changed at 96.126 after losing 0.55 percent on Friday. Escalating trade tensions between the United States and its trading partners, in addition to a plunge in the Turkish lira, has taken a heavy toll on emerging...

Tokyo stocks open flat

Tokyo stocks opened flat on Monday as investors looked for a fresh buying peg after rises last week on increased hopes of a resolution to the US-China trade impasse. The benchmark Nikkei 225 index gained 0.04 percent, or 8.16 points, to 22,278.54 in early trade while the broader Topix index was down 0.13 percent, or 2.24 points, at 1,695.29. Source: AFP

Oil Holds Gains on Signs of Slowing Growth in U.S. Production

Oil held gains near $66 a barrel on signs of slowing growth in U.S. crude production. Futures in New York were steady after a 0.7 percent rise on Friday. Working oil rigs in the U.S. were unchanged at 869, according to data from Baker Hughes on Friday. While it™s the highest level in more than three years, the rig count has grown only by 10 since late May. Oil has fallen about 11 percent from the highs of late June as a trade war between the U.S. and China and turmoil in...

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