Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs. Futures in New York dropped as much as 1.1% after closing up 1% on Wednesday. The American Petroleum Institute reported crude inventories rose by 10.5 million barrels last week, according to people familiar with the data. That would be the biggest increase since February 2017 if confirmed by the official Energy Information Administration figures due Thursday. West Texas Intermediate for November delivery dropped 38 cents, or 0.7%, to $52.98 a...

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Oil prices jumped Friday morning after reports of an Iranian tanker explosion in the Red Sea raised the possibility of tensions in an already simmering Middle East. The tanker sustained damages after being hit by missiles that were launched from the Saudi Arabian port of Jeddah, according to the state-run IRNA news agency, citing Irans National Iranian Tanker Co. The stricken vessel was...

Gold is back hovering around the $1,500 mark after the metal was buffeted Thursday by conflicting signals on trade talks and comments from Federal Reserve officials. Palladium hit a fresh all-time high. Spot gold advanced 0.3% to $1,498.58/oz by 09:50am in London after dropping 0.8% Thursday; pared weekly loss to 0.4%. Spot palladium little changed after hitting fresh record...

The British pound consolidated gains early Friday after its biggest one-day jump in two years in response to signs of a possible agreement on the Irish border problem that has plagued the Brexit negotiations. By 4 AM ET (08:00 GMT), GBP/USD was at $1.2460, up 0.2% from late Thursday and on course for a 1% gain against the dollar over the week. GBP/EUR was up 0.1% at 1.1315, on course for a...

The British pound inched up against the U.S. dollar, supported by comments by Irish Prime Minister Leo Varadkar, who said he believes a Brexit deal is likely to be reached. The GBP/USD pair inched up 0.2% to 1.2449 by 1:05 AM ET (05:05 GMT). On Thursday, the Prime Ministers of the U.K. and Ireland released a joint statement saying they saw a potential pathway to a Brexit deal. The U.S. dollar...

Oil is heading for the first weekly advance since the end of September as U.S.-China trade talks progress, offering a glimmer of hope for global demand. Futures rose as much as 1.1% in New York after jumping 1.8% on Thursday, the most in more than three weeks. President Donald Trump said discussions with Chinese counterparts are going œreally well and that they will continue...

PRECIOUS METALS
Gold steady as disappointing U.S. retail sales weigh on risk appetite
Thursday, 17 October 2019 08:50 WIB Gold prices held steady on Thursday as weak United States retail sales data fanned concerns that the country's economy may be feeling the pinch of...
ENERGY
Oil Drops as Industry Reports Shows Big Jump in U.S. Stockpiles
Thursday, 17 October 2019 09:11 WIB Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs. Futures in...
CURRENCIES
Dollar nurses loses; pounds fate tied to EU summit
Thursday, 17 October 2019 08:36 WIB The dollar found support on Thursday having weakened on lacklustre U.S. retail data, while the volatile pound was on edge as Britain and the...

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