Oil Prices Rise on Growing U.S.-Saudi Tensions

Monday, 15 October 2018 19:33 WIB

Oil prices moved higher in choppy action on Monday, feeding off a growing feud between the U.S. and Saudi Arabia over a missing journalist. Tugging in the other direction were recent data showing sagging demand for the commodity. November West Texas Intermediate crude rose 59 cents, or 0.8%, to $71.93 a barrel, after falling about 4% last week. Brent crude the global benchmark, rose to $81.26 a barrel, a gain of 82 cents or 1%, after a 4.4% drop last week. Last week's losses for oil were linked to a two-day selloff across global stock markets, with questions over economic strength in the...

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RECENT NEWS

Gold futures rose Monday, heading back toward territory last reached in late July, as stock markets indicated more red on the terminals and a leading dollar index declined. December gold was up $12.80, or 1.1%, to $1,234.80 an ounce. A close at this level would be the highest since the third week of July, according to FactSet charting. Meanwhile, December silver rose 14 cents, or 1%, to $14.775...

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PRECIOUS METALS
Gold Advances, Tests Territory Last Visited in July
Monday, 15 October 2018 19:29 WIB Gold futures rose Monday, heading back toward territory last reached in late July, as stock markets indicated more red on the terminals and a...
ENERGY
Oil Prices Rise on Growing U.S.-Saudi Tensions
Monday, 15 October 2018 19:33 WIB Oil prices moved higher in choppy action on Monday, feeding off a growing feud between the U.S. and Saudi Arabia over a missing journalist. Tugging...
CURRENCIES
Sterling Pinned Near One-Week Lows as Brexit Talks Stall
Monday, 15 October 2018 16:32 WIB Sterling held near a one-week low on Monday as Brexit negotiations appeared to have hit an impasse before a crucial European Union summit later this...

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