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POPULAR NEWS
Pompeo: 'Important Information' for Trump After Mideast Talks on Saudi Oil Field Attacks

U.S. Secretary of State Mike Pompeo said Thursday he has "important information" for President Donald Trump about how to respond to the recent attack on Saudi Arabia's oil facilities after meeting with leaders in Saudi Arabia and the United Arab Emirates. The top U.S. diplomat said there was "enormous consensus" that Iran was responsible for the middle-of-the-night missile and drone attacks last weekend that at least temporarily knocked out half of the Saudis' oil production, nearly 6% of the...

Hong Kong stocks open higher

Hong Kong stocks opened with small gains Friday morning as bargain-buyers moved in following a four-day drop, with dealers keeping an ear to the ground for fresh developments in the China-US trade row. The Hang Seng Index rose 0.24 percent, or 63.93 points, to 26,532.88. The benchmark Shanghai Composite Index edged up 0.18 percent, or 5.53 points, to 3,004.81 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, also added 0.18 percent, or 3.00 points, to...

Gold Futures Score First Weekly Gain in a Month

Gold futures climbed Friday to tally a gain for the week, the first in four weeks, as geopolitical tensions remained high, boosting haven demand for the precious metal. President Donald Trump announced further sanctions on Iran. "The confrontation with Iran [is] still very real," said Jeff Wright, executive vice president of GoldMining Inc. "So you have safe-haven interest perking up into the weekend." Trump also said Friday that he didn™t need a trade deal with China before the 2020...

Oil's Rising Again as Iran's Warning of War Ratchets Up Tensions

The threat of war in the Middle East is pushing oil prices higher again, capping one of the most dramatic ever weeks for crude markets in which 5% of the world's supplies were cut by attacks on Saudi production facilities. Brent crude for November settlement rose 42 cents, or 0.7%, to $64.82 a barrel on the ICE Futures Europe Exchange as of 8:52 a.m. in Singapore on Friday. The global benchmark crude is up 7.7% this week, the most since January. It's a bullish end to an...

Gold ticks higher, set to snap streak of weekly declines

Gold prices inched higher Friday but gains were capped by a rise in bonds yields and stocks. However, bullion's trade over the past five sessions puts it on pace to break out of a weekly skid of three consecutive weekly losses. Gold for December delivery on Comex was up 80 cents, or less than 0.1%, at $1,507 an ounce, after retreating 0.6% on Thursday. For the week, the yellow metal is on track for a 0.5% gain based on last Friday's closing price, which would halt three consecutive weekly...

Oil Prices Rebound Despite Sino-U.S. Trade Tension
Wednesday, 8 May 2019 13:52 WIB | COMMODITY |MinyakWTIBrent

Oil prices rebounded on Wednesday in Asia as traders weighed U.S. sanctions against Iran and news on the Sino-U.S. trade front.

U.S. Crude Oil WTI Futures were up 0.8% to $61.88 by 1:19 AM ET (05:19 GMT). International Brent Oil Futures gained 0.6% to $70.26.

Traders are closely monitoring the situation in Iran this week as the U.S. tightens sanctions on the country™s oil exports, saying on Monday it was boosting its military presence in the Middle East.

Iran has threatened "reciprocal actions", which could mean restarting some of its nuclear programs.

The U.S. re-imposed sanctions on Iran in November in 2018, demanding all countries stop importing oil from the country.

The sanctions have already halved Iranian crude oil exports over the past year to less than 1 million barrels per day, and shipments to customers may drop to as low as 500,000 barrels per day in May as sanctions tighten, analysts say.

Source : Investing.com

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POPULAR NEWS
Pompeo: 'Important Information' for Trump After Mideast Talks on Saudi Oil Field Attacks

U.S. Secretary of State Mike Pompeo said Thursday he has "important information" for President Donald Trump about how to respond to the recent attack on Saudi Arabia's oil facilities after meeting with leaders in Saudi Arabia and the United Arab Emirates. The top U.S. diplomat said there was "enormous consensus" that Iran was responsible for the middle-of-the-night missile and drone attacks last weekend that at least temporarily knocked out half of the Saudis' oil production, nearly 6% of the...

Hong Kong stocks open higher

Hong Kong stocks opened with small gains Friday morning as bargain-buyers moved in following a four-day drop, with dealers keeping an ear to the ground for fresh developments in the China-US trade row. The Hang Seng Index rose 0.24 percent, or 63.93 points, to 26,532.88. The benchmark Shanghai Composite Index edged up 0.18 percent, or 5.53 points, to 3,004.81 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, also added 0.18 percent, or 3.00 points, to...

Gold Futures Score First Weekly Gain in a Month

Gold futures climbed Friday to tally a gain for the week, the first in four weeks, as geopolitical tensions remained high, boosting haven demand for the precious metal. President Donald Trump announced further sanctions on Iran. "The confrontation with Iran [is] still very real," said Jeff Wright, executive vice president of GoldMining Inc. "So you have safe-haven interest perking up into the weekend." Trump also said Friday that he didn™t need a trade deal with China before the 2020...

Oil's Rising Again as Iran's Warning of War Ratchets Up Tensions

The threat of war in the Middle East is pushing oil prices higher again, capping one of the most dramatic ever weeks for crude markets in which 5% of the world's supplies were cut by attacks on Saudi production facilities. Brent crude for November settlement rose 42 cents, or 0.7%, to $64.82 a barrel on the ICE Futures Europe Exchange as of 8:52 a.m. in Singapore on Friday. The global benchmark crude is up 7.7% this week, the most since January. It's a bullish end to an...

Gold ticks higher, set to snap streak of weekly declines

Gold prices inched higher Friday but gains were capped by a rise in bonds yields and stocks. However, bullion's trade over the past five sessions puts it on pace to break out of a weekly skid of three consecutive weekly losses. Gold for December delivery on Comex was up 80 cents, or less than 0.1%, at $1,507 an ounce, after retreating 0.6% on Thursday. For the week, the yellow metal is on track for a 0.5% gain based on last Friday's closing price, which would halt three consecutive weekly...

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