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POPULAR NEWS
Sterling Slips From 5-Mth High after Brexit Plan Hits Snag

Sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement. The move derailed Prime Minister Boris Johnson's plan for a decision on his withdrawal deal, but the pound held the bulk of its recent rally on confidence that a disorderly exit from the European Union would be avoided. In early Asian trade, the pound fell 0.72% to $1.2896, having hit a five-month peak of $1.2990...

Tokyo Stocks Open Higher

Tokyo stocks opened higher on Monday after British Prime Minister Boris Johnson's latest failure to break the Brexit deadlock, with eyes shifting to Japanese corporate earnings season starting this week. The benchmark Nikkei 225 index was up 0.25 percent, or 55.82 points, at 22,548.50 in early trade, while the broader Topix index was rose 0.28 percent, or 4.58 points, to 1,626.57. Source : AFP

Oil set for weekly drop as IEA warns OPEC faces looming surplus
Friday, 13 September 2019 08:24 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil is set for its biggest weekly loss in nearly two months as the International Energy Agency warned of a looming supply glut, while OPEC and its allies urged members to maintain, rather than deepen, output cuts.

Futures edged lower in New York and were down 2.8% for the week. OPEC+ faces a significant challenge in managing the market in 2020 as production surges from their competitors, according to the IEA. While the Organization of Petroleum Exporting Countries didn™t discuss deepening curbs in Abu Dhabi Thursday, they did put pressure on members to implement promised cuts.

West Texas Intermediate crude for October delivery lost 12 cents, or 0.2%, to $54.97 a barrel on the New York Mercantile Exchange at 9:06 a.m. in Singapore. The contract fell 66 cents to to $55.09 on Thursday.

Brent for November settlement dropped 15 cents, or 0.3%, to $60.23 a barrel on the ICE Futures Europe Exchange. The contract is down 2.2% this week. The global benchmark traded at a $5.30 premium to WTI for the same month.

Source : Bloomberg

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EIA: US crude oil stocks increased by 9.3 million barrels...
Thursday, 17 October 2019 22:12 WIB

The weekly report published by the US Energy Information Administration (EIA) revealed that commercial crude oil inventories in the US increased by 9.3 million barrels in the week ending October 11, c...

POPULAR NEWS
Sterling Slips From 5-Mth High after Brexit Plan Hits Snag

Sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement. The move derailed Prime Minister Boris Johnson's plan for a decision on his withdrawal deal, but the pound held the bulk of its recent rally on confidence that a disorderly exit from the European Union would be avoided. In early Asian trade, the pound fell 0.72% to $1.2896, having hit a five-month peak of $1.2990...

Tokyo Stocks Open Higher

Tokyo stocks opened higher on Monday after British Prime Minister Boris Johnson's latest failure to break the Brexit deadlock, with eyes shifting to Japanese corporate earnings season starting this week. The benchmark Nikkei 225 index was up 0.25 percent, or 55.82 points, at 22,548.50 in early trade, while the broader Topix index was rose 0.28 percent, or 4.58 points, to 1,626.57. Source : AFP

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