Oil prices edged up on Wednesday after the Organization of the Petroleum Exporting Countries said it saw no signs of global recession and rival U.S. shale oil production could grow by much less than expected in 2020. Also supporting prices were comments by Federal Reserve Chair Jerome Powell, who said the U.S. economy would see a œsustained expansion with the full impact of recent interest rate cuts still to be felt. Brent crude futures gained 31 cents to settle at $62.37, having fallen by over 1% earlier in the day. U.S. West Texas Intermediate crude settled at $57.17 per barrel,...

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The pound drifted lower on Monday after posting its biggest weekly rise in more than 15 months last week as investors consolidated positions before crucial votes in the British parliament that will aim to break a Brexit deadlock. Lawmakers earlier this month rejected Prime Minister Theresa May's EU withdrawal agreement, which included a nearly two-year transition period to help minimize...

Futures in New York fell as much as 0.9 percent after climbing 2.1 percent over the previous three sessions. The number of rigs targeting oil rose by 10 to 862, data from oilfield-services provider Baker Hughes showed, as this years rising crude prices buoyed optimism. Venezuela abandoned its decision to sever diplomatic ties with the U.S., defusing tensions after Washingtons...

Gold held above $1,300 an ounce before a pivotal round of trade talks between the U.S. and China this week and the Federal Reserves policy meeting, after which chairman Jerome Powell is scheduled to hold a news conference. Spot gold -0.3% to $1,302.04/oz at 9:49am in Singapore. Prices as much as +1.9% on Friday to touch $1,305.44, highest intraday level since June 14....

The dollar was down on Monday, not far off more than one-week lows as financial markets shifted their attention to this week's Federal Reserve rates-setting review with traders wagering policymakers would signal a pause to their tightening cycle. The Federal Open Market Committee meets between Jan 29-30, and Chairman Jerome Powell is widely expected to acknowledge growing risks to the U.S....

Oil fell to near $53 a barrel as a standoff between the U.S. and Venezuela eased, while Americas rig count rose signaling further gains in the nations crude production. Futures in New York dropped as much as 0.9 percent after a three-day surge of 2.1 percent. Venezuela abandoned its decision to sever diplomatic ties with the U.S., defusing tensions after Washingtons decision...

Oil futures rose on Friday, finding support from uncertainty over supplies tied to political turmoil in Venezuela, but prices still finished the week lower, partly pressured by worries over energy demand. March West Texas Intermediate oil rose 56 cents, or 1.1%, to settle at $53.69 a barrel on the New York Mercantile Exchange, with the contract down about 0.7% for the week, FactSet data...

Gold futures rose on Friday to tally a gain of more than 1% for the week, buoyed by a sharp decline in the U.S. dollar. Adrian Ash, director of research at BullionVault, said "geopolitical risk isn't backing off." April gold settled at $1,304.20 an ounce, up $18.30, or 1.4% for the session. The contract last settled above $1,300 on Jan. 16, according to Dow Jones Market Data. Source :...

The dollar fell on Friday from its three-week highs in the previous session, as traders focus shifted to the Federal Reserves policy meeting next week when the U.S. central bank is expected to leave interest rates unchanged. In mid-morning trading, the dollar index was down 0.6 percent at 96.046, after climbing to a three-week high of 96.676 on Thursday. The dollars decline also...

PRECIOUS METALS
Gold, Silver Prices Score First Gain in 5 Sessions
Thursday, 14 November 2019 02:06 WIB Gold and silver prices posted their first gain in five sessions on Wednesday, with uncertainty over the outlook for a U.S.-China trade deal and the...
ENERGY
Oil edges up ahead of US storage data as OPEC, Fed see robust economy
Thursday, 14 November 2019 03:06 WIB Oil prices edged up on Wednesday after the Organization of the Petroleum Exporting Countries said it saw no signs of global recession and rival U.S....
CURRENCIES
U.S. Dollar Flat After Powell Comments
Wednesday, 13 November 2019 23:30 WIB The U.S. dollar was unmoved on Wednesday after prepared remarks from Federal Reserve Chairman Jerome Powell. Powell, who is testifying in front of...

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