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May 04, 2018

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Oil falls as U.S. inventories swell, economic growth slows

August 01, 2018

Oil prices fell on Wednesday after industry data showed U.S. stockpiles of crude unexpectedly rose, and as economic growth slowed, especially in Asia, amid the escalating trade dispute between the United States and China . Brent futures dropped 28 cents, or 0.4 percent, to $73.93 a barrel by 0634 GMT, adding to a 1.8 percent loss in the previous session. www.mcxgoldstar.com 9719002865 7249938989 U.S. crude futures were down 41 cents, or 0.6 percent, at $68.35 a barrel, having dropped nearly 2 percent on Tuesday. Brent fell more than 6 percent in July, while U.S. crude futures slumped about 7 percent, the biggest monthly declines for both benchmarks since July 2016. Weighing on prices was a report by the American Petroleum Institute (API) that showed domestic crude inventories rose by 5.6 million barrels last week. A Reuters poll had forecast a fall of 2.8 million barrels. [API/S] Official data from the U.S. Energy Information Administration (EIA) is due late...

Gold Prices Up In Asia As Dollar Weakens Slightly To Support Physical Market

February 07, 2018

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

Oil Prices Slip on Reports That OPEC Production Hits Fresh 2018 High

July 30, 2018

Oil prices edged lower on Tuesday as Organization of the Petroleum Exporting Countries (OPEC) production reached a fresh 2018 high in the month of July, reports revealed. www.mcxgoldstar.com 7249938989 8859917191 Crude Oil WTI Futures for September delivery slipped 0.4% to $69.83 per barrel at 1:10AM ET (05:10 GMT), while Brent oil futures for October delivery also slipped 0.4% to $75.22 for one barrel. A Reuters survey showed on Tuesday that OPEC increased production in July. OPEC hiked production by 70,000 barrels per day to 32.64 million bpd, a 2018 high, Reuters reported. Further supply increases could offset production outages and pressure prices, it added. Oil prices received some support on Monday as investor concerns over global crude supply supported sentiment, as investors continued to weigh supply disruptions in Saudi Arabia and declining output from and Venezuela, Iran and Libya. Saudi Arabia announced it would suspend shipments of oil throug...