Oil Prices Fall On Rising Russian Output And Geopolitical Tensions
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Oil prices fell on Wednesday morning in Asia amid rising Russian production and expectations that Saudi Arabia will cut prices of the crude it sends to Asia. www.mcxgoldstar.com
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Gold prices rose in Asia on Wednesday with a slightly weaker dollar aiding sentiment. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange rose 0.17% to $1,331.70 a troy ounce. The US dollar index fell 0.03% to 89.49. www.mcxgoldstar.com 7830278303
Global crude production capacity could be “stretched to the limit,” the International Energy Agency said in its latest forecast on Thursday. The Paris-based organization said in its monthly report that there was “no sign of higher production from elsewhere that might ease fears of market tightness. www.mcxgoldstar.com 8859917191 7249938989
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