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POPULAR NEWS
Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold War, stoking concerns that deteriorating relations between the superpowers could complicate the market™s recovery from a historic demand crash. Beijing last week abandoned its decades-long practice...

Hong Kong Shares Begin On Negative Note

Hong Kong stocks started Monday with more losses, extending a sharp drop at the end of last week, after the city saw fresh street clashes over a controversial security law proposed by China. The Hang Seng Index fell 0.89 percent, or 204.44 points, to 22,725.70. China's benchmark Shanghai Composite Index edged up 0.09 percent, or 2.48 points, to 2,816.24, while the Shenzhen Composite Index on the country's second exchange dipped 0.09 percent, or 1.59 points, to 1,750.83. Source: AFP

Tokyo stocks open higher on virus hopes

Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo. The benchmark Nikkei 225 index was up 1.37 percent or 279.75 points at 20,667.91 in early trade, while the broader Topix index advanced 1.16 percent or 17.20 points to 1,495.00. Source:  AFP

Oil hits six-week high on hopes of extended OPEC output cuts
Tuesday, 10 September 2019 13:11 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil futures hit a six-week high on Tuesday, rising for a fifth day on optimism that OPEC and other countries may agree to extend production cuts in a bid to support prices.

Brent (LCOc1) was up 26 cents, or 0.4%, at $62.85 a barrel by 03:49 GMT, while U.S. crude (CLc1) was 27 cents, or 0.5%, higher at $58.12 a barrel. Brent touched its highest since Aug. 1, while U.S. crude rose to the highest since July 31.

U.S. oil gained more than 2% on Monday, while Brent finished the day 1.7% higher as the market reacted to the appointment by Saudi Arabia's king of his son, Prince Abdulaziz bin Salman, as energy minister on Sunday.

Prince Abdulaziz, a long-time member of the Saudi delegation to the Organization of the Petroleum Exporting Countries (OPEC), said the pillars of Saudi Arabia's policy would not change and a global deal to cut oil production by 1.2 million barrels per day would be maintained.

Source : Reuters

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POPULAR NEWS
Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold War, stoking concerns that deteriorating relations between the superpowers could complicate the market™s recovery from a historic demand crash. Beijing last week abandoned its decades-long practice...

Hong Kong Shares Begin On Negative Note

Hong Kong stocks started Monday with more losses, extending a sharp drop at the end of last week, after the city saw fresh street clashes over a controversial security law proposed by China. The Hang Seng Index fell 0.89 percent, or 204.44 points, to 22,725.70. China's benchmark Shanghai Composite Index edged up 0.09 percent, or 2.48 points, to 2,816.24, while the Shenzhen Composite Index on the country's second exchange dipped 0.09 percent, or 1.59 points, to 1,750.83. Source: AFP

Tokyo stocks open higher on virus hopes

Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo. The benchmark Nikkei 225 index was up 1.37 percent or 279.75 points at 20,667.91 in early trade, while the broader Topix index advanced 1.16 percent or 17.20 points to 1,495.00. Source:  AFP

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