Crude prices tumble amid fresh supply glut concerns… more @www.gurusresearch.com

U.S. oil tumbled on Wednesday, as an increase in Libyan production sparked fresh concerns over a global supply glut despite the extension of OPEC-let output cuts. U.S. crude futures for July delivery were down 1.93% at $48/69 a barrel, the lowest since May 26. On the ICE Futures Exchange in London, the July Brent contract Read more about Crude prices tumble amid fresh supply glut concerns… more @www.gurusresearch.com[…]

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Bullionguru’s”Gold dips, but copper gains on China PMI figures”

Live NEWS Update Gold dipped as China reported better than expected PMI figures for May on Wednesday, lifting copper slightly on expected continued growth. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell 0.16% to $1,260.11, while copper futures on the Comex edged up 0.12% to $2.573 a Read more about Bullionguru’s”Gold dips, but copper gains on China PMI figures”[…]

Oil falls as rising Libyan, U.S. output undermines cuts… more @www.gurusresearch.com

Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC-led production cuts aimed at tightening the market. Brent crude futures (LCOc1), the international benchmark for oil prices, were at $51.59 per barrel at 0523 GMT, down 25 cents, or 0.5 percent, from their last Read more about Oil falls as rising Libyan, U.S. output undermines cuts… more @www.gurusresearch.com[…]

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Bullionguru’s”Oil falls as rising Libyan, U.S. output undermines cuts”

Live NEWS Update Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC-led production cuts aimed at tightening the market.Brent crude futures (LCOc1), the international benchmark for oil prices, were at $51.66 per barrel at 0356 GMT, down 18 cents, or 0.4 percent, from Read more about Bullionguru’s”Oil falls as rising Libyan, U.S. output undermines cuts”[…]

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Bullionguru’s”Oil slips on oversupply worries despite OPEC deal”

Live NEWS Update Oil prices fell on Tuesday, pressured by concerns that production cuts by the world’s big exporters may not be enough to drain a global glut that has depressed the market for almost three years. Benchmark Brent crude (LCOc1) was down 40 cents a barrel at $51.89 by 0840 GMT, having gained 14 Read more about Bullionguru’s”Oil slips on oversupply worries despite OPEC deal”[…]