Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs. Futures in New York dropped as much as 1.1% after closing up 1% on Wednesday. The American Petroleum Institute reported crude inventories rose by 10.5 million barrels last week, according to people familiar with the data. That would be the biggest increase since February 2017 if confirmed by the official Energy Information Administration figures due Thursday. West Texas Intermediate for November delivery dropped 38 cents, or 0.7%, to $52.98 a...

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Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal despite signs of a truce last week. Brent crude fell $0.44, or nearly 1%, to $58.94 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 55 cents, or 1%, to $53.05. The National Bureau of...

Spot palladium rose to yet another record as delegates at a key industry conference predicted prices will extend their rally into 2020. Spot palladium gained for a second day, rising as much as 0.8% to a fresh record of $1,727.73/oz. Other precious metals were mostly little changed, with spot gold at $1,494.93/oz by 10:28am in London. Bloomberg Dollar Spot Index little...

The British pound took center stage again on Tuesday, rising sharply against the dollar and euro on renewed speculation of a deal to allow the U.K. to leave the EU smoothly at the end of the month. By 3 AM ET, GBP/USD was at $1.2667, up 0.5%, while EUR/GBP was at 0.8715, down 0.3%. The latest wave of optimism was fueled by comments from the EUs top negotiator Michel Barnier, who told...

Oil prices fell on Tuesday, after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude oil importer's energy demand growth. Brent crude (LCOc1) fell 47 cents, or 0.79%, to $58.88 a barrel by 05:27 GMT, while U.S. West Texas Intermediate (WTI) crude (CLc1) dropped 40 cents, or 0.75%, to $53.19. China has been hit by poor economic data for...

Gold held an advance as China wants more talks before signing a œphase one trade deal touted by the U.S. Treasury Secretary Steven Mnuchin told CNBC television Monday the sides made "substantial progress" last week in negotiations and he expected President Donald Trump and President Xi Jinping to finalize the accord at a summit in Chile next month....

PRECIOUS METALS
Gold steady as disappointing U.S. retail sales weigh on risk appetite
Thursday, 17 October 2019 08:50 WIB Gold prices held steady on Thursday as weak United States retail sales data fanned concerns that the country's economy may be feeling the pinch of...
ENERGY
Oil Drops as Industry Reports Shows Big Jump in U.S. Stockpiles
Thursday, 17 October 2019 09:11 WIB Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs. Futures in...
CURRENCIES
Dollar nurses loses; pounds fate tied to EU summit
Thursday, 17 October 2019 08:36 WIB The dollar found support on Thursday having weakened on lacklustre U.S. retail data, while the volatile pound was on edge as Britain and the...

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