Oil prices rallied on Thursday after President Donald Trump talked up the possibility of Saudi Arabia and Russia ending a squabble that contributed to crude™s massive plunge since last month. West Texas Intermediate futures surged by $2.11, or 10.4%, to $22.42 per barrel. International benchmark Brent jumped 10.4%, or $2.58, to $27.32 per barrel. Trump added he expects both countries to end their price war within a œfew days. Trump made his remarks ahead of a meeting with energy industry executives scheduled for Friday. Source : CNBC

Read more

RECENT NEWS

Oil held gains after its longest rally in almost 1 1/2 years on optimism the world's two largest economies would reach a trade deal and an American crude build-up might slow. Futures in New York were little changed following six days of gains, the longest winning streak since July 2017. There's a œvery good chance the U.S. gets a reasonable deal with China, Commerce...

Gold held steady on Tuesday as bets on a pause in U.S. rate hikes and hopes of a Sino-U.S. trade deal put pressure on the dollar, but an improved risk appetite limited gains for the safe haven metal. Spot gold was little changed at $1,288.36 by 00:47 GMT. It hit a more than 6-month peak at $1,298.42 on Friday. U.S. gold futures were also steady at $1,289.50 per ounce. Spot palladium hit a...

The dollar fell versus other major currencies for a fourth straight session on Tuesday, as investors grew increasingly convinced the Federal Reserve will not raise interest rates this year amid uncertainties over the U.S. economy. The dollar index fell marginally to 95.64. It dipped 0.1 percent against the yen and eased marginally versus the euro and sterling in early Asian trade. On Friday,...

Oil extended its longest streak of gains in almost 1 1/2 years on optimism the U.S. and China can reach a trade deal in talks and U.S. crude inventories will fall. Futures in New York climbed as much as 0.7 percent and are on course for a seventh day of gains, the longest winning streak since July 2017. There's a œvery good chance the U.S. gets a reasonable deal with China, Commerce...

Oil futures climbed on Monday, buoyed by optimism tied to trade talks between the U.S. and China as well as output reductions by major oil producers. Saudi Arabia plans to cut its crude exports by 800,000 barrels a day from around 7.9 million barrels a day in November, in a move aimed at lifting prices above $80 a barrel, The Wall Street Journal reported Monday. Oil, however, settled off the...

Gold futures finished higher on Monday, staging a partial rebound from their worst single-session drop in two weeks, with prices getting a boost as downbeat U.S. ISM nonmanufacturing data helped pressure the dollar. February gold on Comex gained $4.10, or 0.3%, to settle at $1,289.90 an ounce, following a 0.7% fall on Friday, its largest daily drop since Dec. 21, according to FactSet data. For...

The British pound put in a mixed performance Monday, rising versus the dollar and slipping versus the euro, following a report that U.K. lawmakers will vote next week on Prime Minister Theresa May's controversial Brexit plan. The U.S. dollar was weaker versus most major rivals, leaving the ICE U.S. Dollar Index a gauge of the currency's performance against six major rivals, at a 2-month low at...

Oil headed for its longest stretch of daily increases in more than 17 months as the U.S. Federal Reserve sought to soothe investor concerns, China moved to stimulate its economy and OPEC production cutbacks took effect. Futures in New York rose as much as 3.2 percent after a fifth consecutive gain on Friday, when they settled at the highest closing level in two weeks. Crude is rising with...

PRECIOUS METALS
Gold Dips as Dollar Holds Firm; US Jobs Data Awaited
Thursday, 2 April 2020 16:11 WIB Gold prices dipped on Thursday as the dollar held firm, while investors awaited key U.S. jobless data amid mounting signs of a recession due to the...
ENERGY
U.S. crude oil futures up 4.8%, support at $20
Thursday, 2 April 2020 08:36 WIB U.S. crude oil futures opened 5% higher on Thursday, reversing Wednesday's losses, despite growing concerns about a looming economic depression due...
CURRENCIES
Dollar Edges Lower; Petro Currencies Gain on Trump Comments
Thursday, 2 April 2020 15:24 WIB The dollar edged lower in European trading Thursday, with investors seemingly prepared to move out of the safe haven into riskier currencies ahead...

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.