Oil futures marked their highest finish in about a month on Wednesday, after a U.S. government report showed an unexpected weekly decline in U.S. crude supplies ” the first in six weeks. With refiners set to ramp up activity ahead of the International Maritime Organization™s Jan. 1 regulations limiting sulfur content marine fuel, œand with strong exports and subdued imports, a return to crude draws could be the trend going forward, said Matt Smith, director of commodity research at ClipperData. December WTI crude on its first full session as a front-month contract, rose $1.49, or...

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Gold prices were steady on Wednesday, as investors awaited more clarity on the Brexit and the U.S.-China trade war, but a rally in the bond markets provided modest support to the bullion. Spot gold was up 0.1% at $1,489.45 per ounce, as of 04:41 GMT. U.S. gold futures rose 0.3% to $1,492.50 per ounce. Asian shares and U.S. stock futures took a hit after British lawmakers rejected their...

Oil slipped on Wednesday after U.S. industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from OPEC and its allies prevented a further slide in prices. International benchmark Brent crude futures dropped 28 cents, or 0.47%, to $59.42 a barrel by 01:23 GMT on Wednesday. West Texas Intermediate (WTI) crude futures fell 40 cents, or...

Gold prices were steady on Wednesday, as investors waited for clarity on Brexit confusion after UK lawmakers voted for Prime Minister Boris Johnson's divorce plan but opposed his tight timetable to complete the legislative process in three days. Spot gold was unchanged at $1,488.50 per ounce, as of 01:25 GMT. U.S. gold futures rose 0.3% to $1,491.30 per ounce. EU leaders should delay Brexit...

The pound steadied on Wednesday after an overnight fall as Brexit hung in the balance, with the UK Parliament still divided on how, when or even if to engineer Britain's departure from the European Union. On Tuesday, UK lawmakers voted by 329 to 299 in favor of Prime Minister Boris Johnson's Brexit plan, but then opposed Johnson's extremely tight timetable to complete the legislative process in...

Oil prices were higher following a report that OPEC and its allies would consider deeper production cuts when they meet in December. The report, which appeared on Reuters, quoted sources close to the producer group and reflected rumors that had been in the oil market previously. The cuts are expected to be made in response to the outlook for weaker demand growth. Oil had been slightly higher...

PRECIOUS METALS
Gold Futures Mark First Climb in 4 Sessions
Thursday, 24 October 2019 01:20 WIB Gold futures climbed on Wednesday to mark their first gain in four sessions, with prices settling at their highest in nearly a week. "As investors...
ENERGY
Oil Prices Mark Highest Finish in a Month as U.S. Supplies Post Surprise Weekly Drop
Thursday, 24 October 2019 03:08 WIB Oil futures marked their highest finish in about a month on Wednesday, after a U.S. government report showed an unexpected weekly decline in U.S....
CURRENCIES
Pound Holds Steady amid Brexit Uncertainty
Wednesday, 23 October 2019 15:56 WIB The British pound was holding steady on Wednesday, recovering some poise in the wake of a fall overnight after parliament forced a delay in the U.K....

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