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Oil prices fell on Friday after the European Central Bank (ECB) warned economic weakness would continue and as U.S. crude output and exports chase new records, undermining efforts by producer club OPEC to tighten global markets. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.39 per barrel at 0122 GMT, down 27 cents, Read more about CRUDE OIL TOP NEWS UPDATED BY WILSONCOMMODITY[…]
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Oil hits 2019 highs on OPEC cuts, Saudi field outage Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC-led supply cuts and a partial shutdown of Saudi Arabia’s biggest offshore oil field. Brent rose as high as $65.10, pushing past the $65 mark for the first time this year, Read more about CRUDE OIL NEWS UPDATE ( www.trademaxindia.com ) call@ 8218995526 , 8077693966[…]
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Oil Prices Fall 1% as U.S. Drilling Activity Picks Up; Trade Talks in Focus Oil prices traded lower on Monday in Asia after a report showing that drilling activity in the U.S. rose last week and as concerns over global trade continued to weigh. Energy companies added seven oil rigs in the week to Feb. Read more about CRUDE OIL NEWS UPDATE ( www.trademaxindia.com ) call@8218995526 , 8077693966[…]
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Gold Prices Slip; Still Hovers Above $1,310 on Global Growth and Trade Concerns Gold prices slipped on Monday in Asia as the U.S. dollar edged up. The precious metal remained above $1,310 as concerns on global growth slowdown and increasing uncertainties surrounding the Sino-U.S. trade war continued to dent investors’ risk appetite. Gold futures last traded Read more about GOLD NEWS UPDATE ( www.trademaxindia.com) call@ 8218995526, 8077693966[…]
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Oil prices slip on economy fears, but OPEC cuts provide backstop Oil markets fell on Friday, pulled down by worries over a global economic slowdown, although OPEC-led supply cuts and U.S. sanctions against Venezuela provided crude with some support. U.S. West Texas Intermediate (WTI) crude futures stood at $52.17 per barrel by 0755 GMT, down Read more about CRUDE OIL NEWS UPDATE ( www.trademaxindia.com ) call@ 8218995526 , 8077693966[…]
Oil falls on economic slowdown, but OPEC output cuts offer some support Oil markets fell on Friday, pulled down by an economic slowdown, although supply cuts led by producer club OPEC and U.S. sanctions against Venezuela provided crude with some support. U.S. West Texas Intermediate (WTI) crude futures stood at $52.20 per barrel by 0351 Read more about CRUDE OIL NEWS UPDATE (www.trademaxindia.com ) call@ 8218995526 , 8077693966[…]
Gold recovers a major part of early lost ground to over 1-week lows • The USD climbs to two-week tops and keeps exerting downward pressure. • US-China trade optimism further dampens the metal’s safe-haven demand. • Worries over slowing global economic growth might help limit deeper losses. Gold held on to its weaker tone through the Read more about GOLD NEWS UPDATE (www.trademaxindia.com ) call@ 8218995526 , 8077693966[…]