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POPULAR NEWS
Gold settles at fresh 2018 low as dollar index taps 11-month high

Gold prices marked a third straight session decline on Thursday to carve out another low for 2018 as a leading dollar index--lifted in a rising interest-rate environment--tapped its highest level since last summer. August gold lost $4, or 0.3%, to settle at $1,270.50 an ounce. Prices finished at their lowest for a most-active contract since Dec. 20, according to FactSet data. Around the metals complex, July silver rose 0.1% to $16.326 an ounce. Its Wednesday settlement at $16.309 was the...

Oil Trades Near $66 as OPEC Moves Closer to Output Boost Deal

Oil traded near $66 as OPEC and its allies reached a preliminary agreement despite strong opposition from Iran to boost production. Oil has fluctuated in a narrow range this month as traders looked for signals on whether OPEC can come to an agreement to raise output, and if they do, how much that increase would be. OPEC and allies are now seeking to balance the interests of producers and consumers as U.S. President Donald Trump expressed his displeasure with high prices while Iran and...

HK stocks hit six-month closing low as trade war fears persist (Review)

Hong Kong stocks ended at a six-month low on Thursday, as China-U.S. trade conflict fears curbed risk appetite. The Hang Seng index ended 1.4 percent lower at 29,296.05, while the China Enterprises Index closed lower by 1.2 percent at 11,364.66 points. œSino-U.S. trade tensions could further escalate, said Gao Ting, Head of China Strategy, UBS Securities. œWhile the macro impact would likely be limited, the negotiation path is hard to predict, which could have a long-term negative...

Gold Heads for Second Weekly Drop on Dollar's Strength

Gold poised for second weekly drop as stronger dollar counters uncertainty surrounding global growth amid trade tensions between the U.S. and China. Bullion for immediate delivery +0.1% to $1,268.45/oz at 9:24am in Singapore; -0.8% this week after -1.5% last week. Metal touched $1,261.50 on Thursday, lowest level since Dec. 20 Bloomberg Dollar Spot Index holds near highest since July 2017 In other precious metals : Silver +0.2% to $16.3522/oz to pare 2nd weekly...

Dow Extends Losing Streak to 8 Days

Stocks ended lower Thursday, with the Dow Jones Industrial Average stretching its losing streak to eight days as fears of a global trade war continued to weigh on investors. The Dow ended around 195 points lower near 24,463, a decline of 0.8%, according to preliminary figures. The string of losses matches a streak that ended in March 2017. The S&P 500 fell 0.6%, while the Nasdaq Composite lost 0.9%. Source : Marketwatch

EIA Reports Smaller-than-expected Rise in U.S. Crude Supplies, Output Climbs
Wednesday, 13 September 2017 21:53 WIB | COMMODITY |MinyakWTIMinyak WTI

Data from the U.S. Energy Information Administration Wednesday showed that domestic crude supplies climbed by 5.9 million barrels for the week ended Sept. 8.

That's below the forecast for a rise of 10.1 million barrels by analysts surveyed by S&P Global Platts. The American Petroleum Institute had reported late Tuesday an increase of 6.2 million barrels, according to sources.

But the EIA also reported that total domestic crude output rose by 572,000 barrels a day to 9.35 million barrels. Gasoline stockpiles were down 8.4 million barrels for the week, while distillate stockpiles fell 3.2 million barrels, according to the EIA. October crude rose 54 cents, or 1.1%, to $48.78 a barrel on the New York Mercantile Exchange. Prices traded at $48.74 before the supply data.

Source : Market Watch

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POPULAR NEWS
Gold settles at fresh 2018 low as dollar index taps 11-month high

Gold prices marked a third straight session decline on Thursday to carve out another low for 2018 as a leading dollar index--lifted in a rising interest-rate environment--tapped its highest level since last summer. August gold lost $4, or 0.3%, to settle at $1,270.50 an ounce. Prices finished at their lowest for a most-active contract since Dec. 20, according to FactSet data. Around the metals complex, July silver rose 0.1% to $16.326 an ounce. Its Wednesday settlement at $16.309 was the...

Oil Trades Near $66 as OPEC Moves Closer to Output Boost Deal

Oil traded near $66 as OPEC and its allies reached a preliminary agreement despite strong opposition from Iran to boost production. Oil has fluctuated in a narrow range this month as traders looked for signals on whether OPEC can come to an agreement to raise output, and if they do, how much that increase would be. OPEC and allies are now seeking to balance the interests of producers and consumers as U.S. President Donald Trump expressed his displeasure with high prices while Iran and...

HK stocks hit six-month closing low as trade war fears persist (Review)

Hong Kong stocks ended at a six-month low on Thursday, as China-U.S. trade conflict fears curbed risk appetite. The Hang Seng index ended 1.4 percent lower at 29,296.05, while the China Enterprises Index closed lower by 1.2 percent at 11,364.66 points. œSino-U.S. trade tensions could further escalate, said Gao Ting, Head of China Strategy, UBS Securities. œWhile the macro impact would likely be limited, the negotiation path is hard to predict, which could have a long-term negative...

Gold Heads for Second Weekly Drop on Dollar's Strength

Gold poised for second weekly drop as stronger dollar counters uncertainty surrounding global growth amid trade tensions between the U.S. and China. Bullion for immediate delivery +0.1% to $1,268.45/oz at 9:24am in Singapore; -0.8% this week after -1.5% last week. Metal touched $1,261.50 on Thursday, lowest level since Dec. 20 Bloomberg Dollar Spot Index holds near highest since July 2017 In other precious metals : Silver +0.2% to $16.3522/oz to pare 2nd weekly...

Dow Extends Losing Streak to 8 Days

Stocks ended lower Thursday, with the Dow Jones Industrial Average stretching its losing streak to eight days as fears of a global trade war continued to weigh on investors. The Dow ended around 195 points lower near 24,463, a decline of 0.8%, according to preliminary figures. The string of losses matches a streak that ended in March 2017. The S&P 500 fell 0.6%, while the Nasdaq Composite lost 0.9%. Source : Marketwatch

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