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Tokyo Stocks Open Lower

Tokyo stocks opened lower on Monday as Japan's ruling bloc retained its majority in the upper house election as widely expected, with focus now shifting to corporate earnings this week. The benchmark Nikkei 225 index was down 0.62 percent or 132.64 points at 21,336.54 in early trade, while the broader Topix index was down 0.59 percent or 9.31 points, at 1,558.10. Source: AFP

Oil Poised for Weekly Gain as OPEC+ Curbs Counter Trade Worries
Friday, 15 February 2019 18:09 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil headed for its biggest weekly gain in a month as the OPEC+ coalition™s supply cuts and reduced output from the world™s biggest offshore field overshadowed renewed concern over the U.S.-China trade war.

Futures in New York were steady on Friday, and have increased 3.3 percent this week. Russia said it would accelerate the output cuts it agreed to in a deal with the OPEC+ alliance, while Saudi Arabia was said to curtail supply from the Safaniyah field to repair a damaged power cable. Asian stocks fell Friday as the U.S. and China were said to have made little progress in trade talks.

West Texas Intermediate for March delivery rose 4 cents to $54.45 a barrel on the New York Mercantile Exchange at 10:35 a.m. London time. It advanced as much as 60 cents earlier, and has added $1.73 this week.

Brent for April settlement climbed 9 cents to $64.66 a barrel, near the highest level since November, on the London-based ICE Futures Europe exchange. It has gained 4.1 percent this week. The global benchmark crude was at a $9.84 premium to WTI for the same month.

Source : Bloomberg

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POPULAR NEWS
Tokyo Stocks Open Lower

Tokyo stocks opened lower on Monday as Japan's ruling bloc retained its majority in the upper house election as widely expected, with focus now shifting to corporate earnings this week. The benchmark Nikkei 225 index was down 0.62 percent or 132.64 points at 21,336.54 in early trade, while the broader Topix index was down 0.59 percent or 9.31 points, at 1,558.10. Source: AFP

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