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POPULAR NEWS
Gold Settles at a More Than a 1-Week High as Historic Oil Outage Rattles investor Nerves

Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil values skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold on Comex gained $12, or 0.8%, to settle at $1,511.50 an ounce, after registering on Friday a weekly decline of 1.1%. The settlement was the highest for a most-active contract since Sept. 6, FactSet data show. Silver for December delivery...

Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve. Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...

Dollar falls as oil attacks send investors to safety

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....

Gold scores a pop from historic oil outage

Gold futures headed solidly higher on Monday after an attack on Saudi Arabian oil production sent oil prices skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold on Comex gained $9.70, or 0.7%, to $1,509.20 an ounce, after registering on Friday a weekly decline of 1.1%. Silver for December delivery added 32 cents, or 1.8%, to trade at $17.885 an ounce, following a weekly loss of 3%, according to FactSet data. The gain for oil comes after...

Oil Rallies 15%, With U.S. Prices Settling at Their Highest in 4 Months

Oil futures rallied Monday, as a weekend attack on Saudi oil facilities cut the kingdom's daily crude production down by more than half, sparking concerns of a potentially prolonged supply shortage. The news sparked talk of $100 oil prices, but that scenario "would only occur if there is an all-out war between Saudi Arabia and Iran," said Jay Hatfield, portfolio manager of the Infracap MLP exchange-traded fund. "If production is restored and there is no escalation of tensions, we would expect...

Oil Prices Rise Amid Tensions in Middle East
Thursday, 16 May 2019 13:06 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil prices extended gains on Thursday in Asia amid tensions in the Middle East linked to stealth attacks on Saudi oil tankers and pipelines.

U.S. Crude Oil WTI Futures rose 0.7% to $62.45 by 12:20 AM ET (04:20 GMT). International Brent Oil Futures gained 0.6% to $72.22.

Intensifying tensions in the Middle East were cited as pushing oil prices higher.

"(Middle East tensions have intensified), with the U.S. ready to apply pressure in Tehran and evacuating its embassy in Iraq due to security concerns," said Alfonso Esparza, senior market analyst at OANDA, at a Reuters report.

Meanwhile, the Energy Information Administration reported a surprise increase in U.S. stockpiles, but the inventory data was largely overshadowed by the crisis in Middle East.

Source : Investing.com

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POPULAR NEWS
Gold Settles at a More Than a 1-Week High as Historic Oil Outage Rattles investor Nerves

Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil values skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold on Comex gained $12, or 0.8%, to settle at $1,511.50 an ounce, after registering on Friday a weekly decline of 1.1%. The settlement was the highest for a most-active contract since Sept. 6, FactSet data show. Silver for December delivery...

Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve. Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...

Dollar falls as oil attacks send investors to safety

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....

Gold scores a pop from historic oil outage

Gold futures headed solidly higher on Monday after an attack on Saudi Arabian oil production sent oil prices skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold on Comex gained $9.70, or 0.7%, to $1,509.20 an ounce, after registering on Friday a weekly decline of 1.1%. Silver for December delivery added 32 cents, or 1.8%, to trade at $17.885 an ounce, following a weekly loss of 3%, according to FactSet data. The gain for oil comes after...

Oil Rallies 15%, With U.S. Prices Settling at Their Highest in 4 Months

Oil futures rallied Monday, as a weekend attack on Saudi oil facilities cut the kingdom's daily crude production down by more than half, sparking concerns of a potentially prolonged supply shortage. The news sparked talk of $100 oil prices, but that scenario "would only occur if there is an all-out war between Saudi Arabia and Iran," said Jay Hatfield, portfolio manager of the Infracap MLP exchange-traded fund. "If production is restored and there is no escalation of tensions, we would expect...

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