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POPULAR NEWS
Gold notches back-to-back gains to hit another 6-year peak

Gold futures fell on Thursday after the precious commodity notched a fresh six-year high Wednesday, prompted by a cocktail of lower debt yields, a pause in dollar strength and bullish comments from a prominent hedge-fund investor. August gold trading on Comex tacked on $4.80, or 0.3%, to settle at $1,428.10 an ounce, after climbing by 0.9% on Wednesday. The latest settlement was the highest for a most-active contract since May 13, 2013, FactSet data show. September silver added 22.7 cents,...

Dollar Held Back by Lower U.S. Yields, Rebound in Pound

The dollar nursed light losses on Thursday, weighed down by lower U.S. yields and a rebound in the pound from 27-month lows. The dollar index versus a basket of six major currencies was flat at 97.200 after shedding 0.2% the previous day. The index had climbed to a one-week peak of 97.444 the previous day on stronger-than-expected U.S. retail sales and a slump in sterling. But it nudged lower as Treasury yields fell in the wake of weak U.S. housing market data and concerns about the...

Oil Prices End Lower as U.S. Crude Supplies Fall Less Than Expected And Product Stocks Climb

Oil futures ended with a loss on Wednesday, with U.S. prices at their lowest in about two weeks, as U.S. crude supplies posted a smaller-than-expected weekly decline and stockpiles of gasoline and distillates saw sizable gains. August West Texas Intermediate oil lost 84 cents, or 1.5%, to settle at $56.78 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since July 2, according to FactSet data. Source : Marketwatch

Gold edges lower, takes a breather after touching fresh 6-year peak

Gold futures were trading little changed on Thursday after the precious commodity notched a fresh six-year high Wednesday, prompted by a cocktail of lower debt yields, a pause in dollar strength and bullish comments from a prominent hedge-fund investor. August gold trading on Comex edged $1.20, or 0.1%, at $1,422 an ounce, after it jumped $12.10, or 0.9%, on Wednesday, notching its highest finish for a most active contract since May 14, 2013, FactSet data show. Prices took a leg slightly...

Oil Drops by Nearly 3%, With U.S. Prices at Lowest in a Month

Oil futures dropped by nearly 3% on Thursday, sending U.S. prices to their lowest finish in roughly a month. Prices reversed earlier gains, "reacting to the weakness in U.S. equities and over expectations of a production rise from the U.S. Gulf of Mexico region, coming back into service after last week's Hurricane Barry disrupted production," said Mihir Kapadia, chief executive officer of Sun Global Investments. August West Texas Intermediate oil lost $1.48, or 2.6%, to settle at $55.30 a...

U.S. oil flirts with bear-market territory as it drops for a fifth straight session
Tuesday, 4 June 2019 19:46 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil futures on Wednesday risked a fifth straight drop and a plunge into bear-market territory after reaching the lowest settlement price in more than three months Tuesday, dropping on heightened concerns for the global economy and tariff tensions that could potentially hurt demand for oil.

West Texas Intermediate crude for July delivery on the New York Mercantile Exchange was down 53 cents, or nearly 1%, at $52.73 a barrel.

A settlement at or below $53.04 for the front-month contract would mark its entry into a bear market, according to Dow Jones Market Data, defined as a drop of 20% or more from its recent high. Its most recent high was $66.30 on April 23.

August Brent lost 71 cents, or 1.2%, to $60.57 a barrel on ICE Futures Europe. It settled Monday at $61.28, the lowest front-month contract settlement since Jan. 28.

Source : MarketWatch

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POPULAR NEWS
Gold notches back-to-back gains to hit another 6-year peak

Gold futures fell on Thursday after the precious commodity notched a fresh six-year high Wednesday, prompted by a cocktail of lower debt yields, a pause in dollar strength and bullish comments from a prominent hedge-fund investor. August gold trading on Comex tacked on $4.80, or 0.3%, to settle at $1,428.10 an ounce, after climbing by 0.9% on Wednesday. The latest settlement was the highest for a most-active contract since May 13, 2013, FactSet data show. September silver added 22.7 cents,...

Dollar Held Back by Lower U.S. Yields, Rebound in Pound

The dollar nursed light losses on Thursday, weighed down by lower U.S. yields and a rebound in the pound from 27-month lows. The dollar index versus a basket of six major currencies was flat at 97.200 after shedding 0.2% the previous day. The index had climbed to a one-week peak of 97.444 the previous day on stronger-than-expected U.S. retail sales and a slump in sterling. But it nudged lower as Treasury yields fell in the wake of weak U.S. housing market data and concerns about the...

Oil Prices End Lower as U.S. Crude Supplies Fall Less Than Expected And Product Stocks Climb

Oil futures ended with a loss on Wednesday, with U.S. prices at their lowest in about two weeks, as U.S. crude supplies posted a smaller-than-expected weekly decline and stockpiles of gasoline and distillates saw sizable gains. August West Texas Intermediate oil lost 84 cents, or 1.5%, to settle at $56.78 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since July 2, according to FactSet data. Source : Marketwatch

Gold edges lower, takes a breather after touching fresh 6-year peak

Gold futures were trading little changed on Thursday after the precious commodity notched a fresh six-year high Wednesday, prompted by a cocktail of lower debt yields, a pause in dollar strength and bullish comments from a prominent hedge-fund investor. August gold trading on Comex edged $1.20, or 0.1%, at $1,422 an ounce, after it jumped $12.10, or 0.9%, on Wednesday, notching its highest finish for a most active contract since May 14, 2013, FactSet data show. Prices took a leg slightly...

Oil Drops by Nearly 3%, With U.S. Prices at Lowest in a Month

Oil futures dropped by nearly 3% on Thursday, sending U.S. prices to their lowest finish in roughly a month. Prices reversed earlier gains, "reacting to the weakness in U.S. equities and over expectations of a production rise from the U.S. Gulf of Mexico region, coming back into service after last week's Hurricane Barry disrupted production," said Mihir Kapadia, chief executive officer of Sun Global Investments. August West Texas Intermediate oil lost $1.48, or 2.6%, to settle at $55.30 a...

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