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POPULAR NEWS
Wall Street Ends Sharply Higher On German Stimulus Optimism

U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. While all three major U.S. stock averages ended the session higher, they still logged their third consecutive weekly losses, having been rattled since Monday by growing U.S.-China trade animosity, simmering geopolitical tensions and signals from the bond market that sparked fears of impending...

Oil Set for Weekly Decline as Economic Woes Eclipse OPEC Curbs
Friday, 5 July 2019 14:10 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil is set for the biggest weekly decline since May as global demand concerns outweighed an OPEC+ pact to extend supply curbs into 2020 and worries that a renewed confrontation with Iran may threaten supplies.

Futures are down in New York from Wednesday™s close as anxieties over demand resurfaced this week following sluggish economic numbers from the U.S. to China. The bleak figures overshadowed OPEC™s agreement to roll over supply curbs, while the seizure of a tanker carrying Iranian crude to Syria by British special forces on Thursday failed to spur prices.

West Texas Intermediate oil for August delivery dropped 64 cents, or 1.1%, to $56.70 a barrel on the New York Mercantile Exchange as of 7:50 a.m. in London. There was no settlement Thursday due to a holiday in the U.S. and all transactions will be booked Friday. Prices are down 3% so far this week.

Brent for September settlement was unchanged at $63.30 a barrel on the ICE Futures Europe Exchange. Futures are down 4.9% this week. The global benchmark crude traded at a $6.48 premium to WTI for the same month.

Source : Bloomberg

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POPULAR NEWS
Wall Street Ends Sharply Higher On German Stimulus Optimism

U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. While all three major U.S. stock averages ended the session higher, they still logged their third consecutive weekly losses, having been rattled since Monday by growing U.S.-China trade animosity, simmering geopolitical tensions and signals from the bond market that sparked fears of impending...

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