There's probably more OPEC oil already landing in the United States, regardless what the Saudis say, and the hedge funds may soon wise up to drive prices lower again. Oil prices slid on Wednesday after the U.S. Energy Information Administration reported that crude stockpiles in the country rose about five times more than expected last week. Imports grew the most since mid-March amid new momentum in the market's four-month long rally. New York-traded West Texas Intermediate crude settled down 41 cents, or 0.6%, at $65.89 per barrel. London-traded Brent, the global crude benchmark, was down...

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Gold futures ended higher on Wednesday, rebounding from their lowest levels of the year, as a rally in stocks that took two of the three main U.S. equity indexes to records cooled, providing support for the haven metal. However, a perky dollar ” hovering around its highest level in about 22 months ” kept prices for the metal off the sessions high. Gold for June delivery rose $6.20, or...

The euro fell against the U.S. dollar on Wednesday after data showing a surprise deterioration in business morale in Germany stoked fears of slowing global growth and weighed on a gauge of world equity markets. The decline in the Munich-based Ifo economic institute's business climate index bucked expectations for a small improvement and sent U.S. Treasury yields reeling as investors piled into...

Gold prices edged up tentatively on Wednesday as a rally in stocks that took two of the three main U.S. equity indexes to records appeared to cool. Gold for June delivery rose $1.20, or 0.1%, at $1,274.40 an ounce, after the most-active contract settled at its lowest levels since about Dec. 26 a day ago, according to FactSet data. The yellow metal has declined in five of the past six...

Oil prices eased Wednesday, pulling back from their highest levels since October, which had been achieved with three straight days of gains. The market now assessed whether major producers are likely to step in quickly with more supply in response to tougher action against Irans oil market from the Trump administration. A snapshot of weekly U.S. data also hinted at an unexpected jump in...

Gold held near the lowest level in almost four months as the dollar extended its rally, while holdings in gold-backed exchange-traded funds dropped to the lowest since Jan. 1. Spot gold +0.1% at $1,273.54/oz. Metal dropped to $1,266.42 on Tuesday, lowest intraday level since Dec. 26. Gold tumbled Tuesday as the S&P 500 Index and the Nasdaq Composite Index marked new...

PRECIOUS METALS
Gold Ends Higher as The U.S. Stock Market Pauses Its Rally
Thursday, 25 April 2019 02:25 WIB Gold futures ended higher on Wednesday, rebounding from their lowest levels of the year, as a rally in stocks that took two of the three main U.S....
ENERGY
Oil prices pause surge to October highs as Saudi production weighed, U.S. supplies surprise to upside
Wednesday, 24 April 2019 18:01 WIB Oil prices eased Wednesday, pulling back from their highest levels since October, which had been achieved with three straight days of gains. The...
CURRENCIES
Euro Falls on Weak German Business Morale, Stocks Slip
Wednesday, 24 April 2019 23:37 WIB The euro fell against the U.S. dollar on Wednesday after data showing a surprise deterioration in business morale in Germany stoked fears of slowing...

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