Gold Rate Today: Gold, silver bullish on global trend, higher spot demand::

Positive global trend and raised demand by local jewellers at the spot market helped gold trade with healthy gains in the domestic futures market in Wednesday’s session. As per Reuters, gold prices edged up on Wednesday to hit their highest since May 2018, supported by uncertainty over US-China trade relations and expectations that the Federal Read more about Gold Rate Today: Gold, silver bullish on global trend, higher spot demand::[…]

Oil falls on increased U.S. rig count, China industrial slowdown::

* U.S. rig count last week rose for the first time in 2019 * China Dec. industrial profits shrink for 2nd month * China hopes fiscal stimulus can stem economic slowdown * U.S. oil production & drilling levels: https://tmsnrt.rs/2S87iVI (Adds comment, updates prices) il prices fell by 1 percent on Monday after U.S. companies added Read more about Oil falls on increased U.S. rig count, China industrial slowdown::[…]

U.S. Oil Production Is 23 Years Ahead of Schedule::

A year ago, the U.S. government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year. The Energy Information Administration now estimates output will top out at 14.53 million barrels a day in 2031, according to its Annual Energy Outlook released Thursday. Why such Read more about U.S. Oil Production Is 23 Years Ahead of Schedule::[…]

Oil prices fall on worries fuel demand to stall amid slowing global growth::

Oil prices declined on Thursday amid lingering concerns over slowing global economic growth that may limit fuel demand and after a surprise build in U.S. crude inventories. International Brent crude oil futures LCOc1 were at $60.89 a barrel at 0352 GMT, down 25 cents, or 0.4 percent, from their last settlement, having closed down 0.6 percent in Read more about Oil prices fall on worries fuel demand to stall amid slowing global growth::[…]

Crude Oil Price Outlook: Resistance Broken, Further Gains Ahead::(WWW.COMMODITY.GURU )

Crude oil touches a fresh one-month high and is likely to push higher as the charts take another bullish twist. Crude oil has brushed off concerns that the global economic growth is slowing and aided by a slightly weaker US dollar and OPEC+ supply cuts is close to recovering half of its recent losses. The ongoing trade spat Read more about Crude Oil Price Outlook: Resistance Broken, Further Gains Ahead::(WWW.COMMODITY.GURU )[…]

Oil falls 1 pct on swelling U.S. supply, concerns on U.S.-China trade talks::

Oil prices fell by about 1 percent on Thursday on swelling U.S. supply and amid a cautious reaction to trade talks between the United States and China, the world’s two largest oil consumers, that finished without concrete details to ending their dispute. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $51.80 per barrel at Read more about Oil falls 1 pct on swelling U.S. supply, concerns on U.S.-China trade talks::[…]

Canadian Heavy Crude Surges as Rail Shipments Keep Climbing::

Heavy Canadian crude surged to the strongest level in more than a year as rail shipments keep rising even as production was curtailed. The discount of Western Canadian Select at Hardisty, Alberta, to West Texas Intermediate futures shrank $2.10 to $10.5 a barrel Monday, the narrowest since August 2017, data compiled by Bloomberg show. That’s Read more about Canadian Heavy Crude Surges as Rail Shipments Keep Climbing::[…]

Oil prices gain 2 pct, extending rally from December lows::

Oil prices rose by 2 percent on Monday, extending a rally from December’s 18-month lows with support from OPEC production cuts and steadying share markets. Oil has gained nearly 12 percent since last Monday, its biggest week-on-week rally in two years. Brent crude LCOc1 was up $1.13 at $58.19 a barrel by 0940 GMT, rising from December’s Read more about Oil prices gain 2 pct, extending rally from December lows::[…]

Oil rises on U.S-China trade talks, supply cuts::

Oil prices rose by more than 1 percent on Monday, lifted by optimism that talks could soon resolve the trade war between the United States and China, while supply cuts by major producers also supported the market. Brent crude futures LCOc1 were at $57.75 per barrel at 0404 GMT, up 69 cents, or 1.2 percent, from their Read more about Oil rises on U.S-China trade talks, supply cuts::[…]

Gold Bursts Above $1,300 as Slowdown Tremors Spur New Year Rally::

Gold advanced above $1,300 an ounce to extend a new year rally. Investors flocked to the metal with global equities in retreat, signs of a slowdown stacking up, and the oldest of havens showing its mettle as exchange-traded funds draw in increased flows. Futures gained as much as 0.4 percent to $1,300.40 an ounce on Read more about Gold Bursts Above $1,300 as Slowdown Tremors Spur New Year Rally::[…]

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