Oil prices plunged nearly 6% Thursday in this year's worst drop and the worst fall since the start of OPEC production cuts in December. The escalating U.S.-China trade war and huge crude pileups from weak refiner demand combined to roil the market. West Texas Intermediate futures, the benchmark for U.S. crude, fell below key $60 per barrel support, settling down $3.51 , or 5.7%, at $57.91 per barrel. London Brent futures, the global benchmark for oil, lost its $70-per-barrel perch, falling $3.54, or 5%, to $67.45 by 2:48 PM ET (18:48 GMT). Source : Investing.com

Read more

RECENT NEWS

Sterling inched away from its weakest levels since January on Monday as Britain's prime minister made a last-ditch bid to get a Brexit deal through parliament before she leaves office, though scepticism from the opposition Labour Party capped gains. After failing three times to get parliament's approval for her EU divorce deal, Theresa May said she would present a œnew, bold offer to...

Oil hit multi-week highs on Monday after OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support. Brent crude was up by 34 cents to $72.55 a barrel by 09:28 GMT, having earlier touched $73.40, the highest since April 26. U.S. West Texas Intermediate crude was up 24 cents at $63 a barrel,...

Gold futures prices inched up from the two-week lows hit to wrap up last week, with both the dollar and stocks pointing lower Monday. A narrow trading band continues to hamper significant moves for the haven metal, which typically might draw strong demand based on concern for a prolonged trade war that keeps risk markets, including stocks, in flux. Instead, gold futures prices logged a weekly...

The Australian dollar surged on Monday and is on track for its biggest rise this year as investors cheered a shock election win by Prime Minister Scott Morrison's conservative coalition, though mixed global stocks broadly weighed on risk appetite. The Aussie was last up 0.9% at $0.6926, having bounced from a four-month trough of $0.6865. It was briefly quoted as high as $0.6990 but dealers said...

Gold held a weekly loss as the dollar steadied and markets remained fragile after the escalation in the U.S.-China trade war. Spot gold -0.1% at $1,275.92/oz at 7:24am in London, after dropping 0.7% last week. Bloomberg Dollar Spot Index steady, after +0.8% last week. Chinese Foreign Minister Wang Yi told U.S. Secretary of State Mike Pompeo in a call on Saturday...

PRECIOUS METALS
Gold futures settle at their highest in a week
Friday, 24 May 2019 01:22 WIB Gold futures climbed Thursday to mark their highest settlement in a week, buoyed by losses in global stock markets and expectations that the U.S....
ENERGY
Oil Settles Down 6% in Worst Trading Day of 2019
Friday, 24 May 2019 02:42 WIB Oil prices plunged nearly 6% Thursday in this year's worst drop and the worst fall since the start of OPEC production cuts in December. The...
CURRENCIES
U.S. Dollar Sustains Highs on Strong Labor Data, Fed Minutes
Thursday, 23 May 2019 23:29 WIB The U.S. dollar was near a one-month high on Thursday as an unexpected decline in the number of people filing for unemployment assistance last week...

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.