Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world™s two largest economies. Brent crude futures fell 50 cents, or 0.8%, to $59.40 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $1.18, or 2.1%, to settle at $54.17 a barrel. China™s commerce ministry said it would impose additional tariffs of 5% or 10% on a total of 5,078 products originating from the United States, including agricultural products such as soybeans, crude oil and small...

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RECENT NEWS

Oil rose for a second day after a drone attack on a Saudi Arabian oil field brought geopolitical risks back into focus, and as the prospect of more U.S.-China trade meetings spurred some investor optimism. Futures in New York advanced 1.2% after climbing 0.7% on Friday to cap the first weekly gain in three. Yemeni rebels attacked oil and gas facilities at Shaybah field in the...

The Greenback, in terms of the US Dollar Index (DXY), is alternating gains with losses within a narrow range at the beginning of the week around the 98.20 region. The upside momentum in the index is losing some traction on Monday, although the Greenback manages well to keep business above the key barrier at 98.00 the figure. Markets have ignored further trade rhetoric by President Trump so...

Gold declined for a second day as investors favored riskier assets and weighed President Donald Trumps comments on trade talks with China. Stocks in Asia gained along with U.S. futures Monday, while Treasury yieldscontinued to recover from multi-year lows reached last week, when an inversion in the yield curve sparked recession worries. Trump said the U.S. is...

Crude held gains after a drone attack on oil and gas facilities in Saudi Arabia underscored geopolitical risk in the Middle East and as investors assess signs of progress in trade negotiations with China. Futures on Monday were little changed after climbing 0.7% on Friday. Saudi Arabian Oil Co. said oil operations werent interrupted after a small fire was extinguished at a...

Oil futures climbed Friday, tallying a gain for the week, their first in three weeks. "Today's rise reflected some reluctance to go home short over the weekend given the uncertainties in the Persian Gulf...," said Marshall Steeves, energy markets analyst at IHS Markit. "Overall, the market is range bound with these supply uncertainties offset by weakening demand.  So while there was a rise...

PRECIOUS METALS
Gold Futures Post a Gain For a 4th Week in a Row
Saturday, 24 August 2019 01:21 WIB Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold...
ENERGY
Oil prices slide 2.1% as US-China trade war escalates
Saturday, 24 August 2019 03:44 WIB Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a...
CURRENCIES
Dollar Gains as Traders Trim Rate Hopes Before Powell Speech
Friday, 23 August 2019 15:20 WIB The dollar was broadly higher in early trading in Europe Friday in generally quiet trading ahead of a keenly-awaited speech by Federal Reserve...

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