Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing. Brent crude futures were up 2 cents at $35.55 a barrel. West Texas Intermediate (WTI) crude futures gained $1.10, or 3.3%, to settle at $34.35 per barrel. The Organization of the Petroleum Exporting Countries and other leading oil producers including Russia, a group known as OPEC+, agreed last month to cut their combined output by almost 10 million barrels per day in May-June to shore up prices and...

Read more

RECENT NEWS

Gold fell for a second day, while sustaining its hold above $1,400 an ounce, after the Federal Reserve signaled it probably wont embark on a lengthy easing cycle following the first rate cut since the financial crisis. The drop came as investors in Asia reacted to the bank paring the target range for the benchmark rate by a quarter point, a move that was widely expected....

Oil retreated from a two-week high as the Federal Reserve dimmed hopes for more U.S. interest rate cuts, countering a seventh weekly decline in American crude stockpiles. Futures slumped as much as 2% in New York, snapping five days of gains. While the Fed cut rates for the first time in a decade, Chairman Jerome Powell said it wasnt the start of an extended cycle of...

The dollar rose to a two-year peak against the euro and hit a two-month high versus the yen on Thursday as U.S. Federal Reserve Chairman Jerome Powell ruled out a lengthy easing cycle after delivering the first rate cut since the financial crisis. In a widely expected move, the U.S. central bank cut rates by 25 basis points to shore up the economy against risks including trade friction. The...

Oil futures finished higher on Wednesday, with U.S. prices up a fifth consecutive session as government data showed that domestic crude inventories dropped for a seventh week in a row, the longest stretch of declines in a year and a half. Prices had also climbed in the wake of the Federal Reserve's decision Wednesday afternoon to cut its key interest rate by a quarter percentage point . West...

Gold futures finished with a loss on Wednesday, then extended their decline after the U.S. Federal Reserve cut key interest rates by a quarter point, as expected. December gold was at $1,430.60 an ounce in electronic trading shortly after the Fed policy statement. The contract had settled down $4, or 0.3%, at $1,437.80 on Comex, ahead of the Fed news. Source : Marketwatch

Sterling bounced back above $1.22 on Wednesday, enjoying a respite after four days of falls that took it to the lowest in 2-1/2 years earlier in the week. Most analysts see the rebound as temporary however, with more weakness likely if news headlines in coming days are seen as raising the probability of Britain crashing out of the European Union without any transition arrangements in...

Gold futures drifted higher Wednesday, heading for a fourth straight gain, ahead of a Federal Reserve decision on interest rates that could set the near-term tone for the precious metal. August gold on Comex added $2.60, or 0.2%, to trade at $1,432.30 an ounce, after gaining 0.7% for a third consecutive gain on Tuesday. The most active December contract picked up $2.20, or 0.2%, to trade at...

Oil prices are expected to be range-bound near current levels this year as slowing economic growth and a protracted trade dispute curb demand, a Reuters monthly poll showed, squeezing gains stemming from production curbs and Middle East tensions. A survey of 54 economists and analysts forecast Brent crude  would average $67.47 a barrel in 2019, little changed from the $67.59 seen in last...

PRECIOUS METALS
Gold falls 1% as risk appetite firms on recovery optimism
Wednesday, 27 May 2020 01:32 WIB Gold fell over 1% on Tuesday as major economies further eased coronavirus-linked restrictions, fuelling hopes for economic recovery and bolstering...
ENERGY
Oil jumps more than 3% as faith in supply cuts grows
Wednesday, 27 May 2020 01:49 WIB Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand...
CURRENCIES
Euro, riskier currencies buoyed as investor sentiment improves
Tuesday, 26 May 2020 15:22 WIB The euro got a boost on Tuesday from a weaker dollar as growing optimism about a global recovery from the COVID-19 pandemic supported riskier...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.