Oil futures fell Friday, with the slowdown in energy demand sending prices down for a fifth straight week. U.S. benchmark prices, however, found modest support after Baker Hughes reported that the number of active U.S. oil rigs fell by 40 to 624 this week, indicating a likely decline in production. May West Texas Intermediate oil fell $1.09, or 4.8%, to settle $21.51 a barrel on the New York Mercantile Exchange after trading as low as $20.88. For the week, prices fell nearly 5%. Source: Marketwatch

Read more

RECENT NEWS

Oil added to its biggest advance in more than two weeks after fresh evidence of the OPEC+ coalitions resolve to cut output and a deepening crisis in Venezuela supported a bullish outlook for prices. Futures in New York rose as much as 0.7 percent after jumping 2.4 percent in the previous session. OPEC crude production fell for a fourth month in March, data showed Monday. Power...

AUD/USD jumped 25 pips to 0.7130 immediately after the RBA's rate decision only to fall back to levels below 0.71. The central bank kept rates unchanged as expected and said the continued improvement in the labor market "is expected" to lift wages over time, marking a slight downward revision from the March statement which had said the continued improvement in the labor market "should" lift...

Gold held a decline as a rebound in U.S. manufacturing and signs of stabilization in China eased concerns about the outlook for global growth. The U.S. Institute for Supply Management gauge climbed from a two-year low in March, according to data released Monday, while Chinas manufacturing purchasing managers index posted the biggest increase since 2012. U.S. equities...

A strong Aussie housing data released soon before press time has failed to put a bid under the Aussie dollar, leaving the AUD/USD pair largely unchanged on the day at 0.7112. Australia building permits surged 19.1 percent month-on-month in February, beating an estimated drop of 1 percent by a big margin. The permits had gone up by 2.5 percent in January. The annualized figure, however, came in...

Oil extended its best-in-a-decade rally amid fresh evidence that OPEC supply cuts are supporting a bullish outlook for prices. Futures in New York added as much as 0.4 percent after reaching the highest level in about five months on Monday. Output from the Organization of Petroleum Exporting Countries slipped for a fourth month in March as Saudi Arabia pressed on with...

Oil bulls began the second quarter where they left off the first ” pushing crude sharply higher on signs of tightening supplies and fading worries over global economic growth. On Monday, West Texas Intermediate crude for May delivery on the New York Mercantile Exchange rose $1.45, or 2.4%, to settle at $61.59 a barrel, its highest close since Nov. 7. The U.S. benchmark logged a 32.4% rise...

Gold futures settled lower Monday after upbeat readings on economic activity in China and the U.S. weighed on haven metals while providing a lift to equity markets. June gold finished off $4.30, or 0.3%, at $1,294.20 an ounce. Bullion prices ended last week under pressure, falling back below the $1,300-an-ounce level. On a most-active basis gold ended the quarter with a gain of around 1.1% but...

The greenback fell slightly on Monday as retail sales fell unexpectedly. The U.S. dollar index, which measures the dollar's strength against a basket of six major currencies, slipped 0.1% to 96.738 as of 10:53 AM ET (14:14 GMT). The dollar rose against the safe-haven yen, with USD/JPY rising 0.3% to 111.17. Sterling was higher as the Labour Party announced it is supporting the Common Market...

PRECIOUS METALS
Gold scores biggest weekly gain since 2008
Saturday, 28 March 2020 01:29 WIB Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker...
ENERGY
Oil prices down a 5th week in a row as global demand drops
Saturday, 28 March 2020 01:59 WIB Oil futures fell Friday, with the slowdown in energy demand sending prices down for a fifth straight week. U.S. benchmark prices, however, found...
CURRENCIES
Respite for Sterling as Traders Shun Safe-Haven Dollar
Friday, 27 March 2020 18:54 WIB Sterling rose on Friday as investors became more confident that the United States government and central bank economic stimulus could alleviate some...

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.