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POPULAR NEWS
Oil Gains as Report Points to Slow Return of Lost Saudi Output

Oil rose sharply in early Monday trading in Asia following a report that full repairs to Saudi oil fields hit by a drone attack earlier this month may take many months. Brent crude rose 1.1% after surging 6.7% last week, its largest weekly gain since January. Saudi Aramco on Saturday reaffirmed its commitment to bringing 5.7 million barrels a day of lost output back by the end of the month, however, a Wall Street Journal report Sunday quoted a Saudi official saying...

Gold Stays Below 2-Week-Old Resistance-Line Despite Trade/Political Pessimism

Gold prices fail to portray the recent risk-aversion wave as they remain below near-term resistance-line while taking rounds to $1,513 on early Monday. Renewed geopolitical tension between Saudi Arabia and Yemen has been a major driving force for markets™ immediate risk sentiment off-late. Following a threat from Houthi rebels, Saudi Arabia has also flashed signals of war if an attack takes place whereas the US deployed additional forces in the Middle East as a measure being œdefensive in...

Hong Kong Stocks Up At Open

Hong Kong stocks started Monday with small gains on hopes for progress in trade talks between China and the US. The Hang Seng Index rose 0.11 percent, or 27.95 points, to 26,463.62. The benchmark Shanghai Composite Index eased 0.27 percent, or 8.05 points, to 2,998.40 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.31 percent, or 5.25 points, to 1,670.10. Source : AFP

Oil prices rise after bigger-than-expected fall in U.S. inventories
Thursday, 30 May 2019 09:06 WIB | ENERGY |MinyakMinyak WTIMinyak MentahMinyak Brent

Oil prices climbed on Thursday after an industry report showed a decline in U.S. crude inventories that exceeded analyst expectations.

U.S. West Texas Intermediate (WTI) crude futures were up 19 cents, or 0.3%, at $59 a barrel by 00:23 GMT. They closed down 0.6% on Wednesday after hitting their lowest since March 12 at $56.88.

Brent crude futures, the international benchmark for oil prices, were up 3 cents at $69.48 a barrel. They fell nearly 1% in the previous session after recouping losses that saw them drop as far as $68.08.

U.S. crude inventories declined by 5.3 million barrels in the week to May 24 to 474.4 million, data from industry group the American Petroleum Institute showed.

Source : Reuters

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POPULAR NEWS
Oil Gains as Report Points to Slow Return of Lost Saudi Output

Oil rose sharply in early Monday trading in Asia following a report that full repairs to Saudi oil fields hit by a drone attack earlier this month may take many months. Brent crude rose 1.1% after surging 6.7% last week, its largest weekly gain since January. Saudi Aramco on Saturday reaffirmed its commitment to bringing 5.7 million barrels a day of lost output back by the end of the month, however, a Wall Street Journal report Sunday quoted a Saudi official saying...

Gold Stays Below 2-Week-Old Resistance-Line Despite Trade/Political Pessimism

Gold prices fail to portray the recent risk-aversion wave as they remain below near-term resistance-line while taking rounds to $1,513 on early Monday. Renewed geopolitical tension between Saudi Arabia and Yemen has been a major driving force for markets™ immediate risk sentiment off-late. Following a threat from Houthi rebels, Saudi Arabia has also flashed signals of war if an attack takes place whereas the US deployed additional forces in the Middle East as a measure being œdefensive in...

Hong Kong Stocks Up At Open

Hong Kong stocks started Monday with small gains on hopes for progress in trade talks between China and the US. The Hang Seng Index rose 0.11 percent, or 27.95 points, to 26,463.62. The benchmark Shanghai Composite Index eased 0.27 percent, or 8.05 points, to 2,998.40 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.31 percent, or 5.25 points, to 1,670.10. Source : AFP

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