By Henning Gloystein SINGAPORE (Reuters) – Oil prices on Tuesday were within reach of four-year highs hit in the previous session, as looming U.S. sanctions against Iran and unwillingness by the Organization of the Petroleum Exporting Countries (OPEC) to raise output supported the market. Brent crude futures (LCOc1) were at $81.45 per barrel at 0421 […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Thursday as emerging market turbulence weighed on sentiment, while a deadline neared for a potential new round of U.S. tariffs on another $200 billion of Chinese goods. U.S. sanctions against Iran, however, prevented prices from falling further as they are expected to tighten the market […]
By Wendell Roelf CAPE TOWN (Reuters) – OPEC Secretary-General Mohammad Barkindo said on Wednesday that world oil consumption would hit 100 million barrels per day later this year, “much sooner” than earlier projected. The Organization of the Petroleum Exporting Countries and other producers led by Russia last year began withholding 1.8 million barrels per day […]
Gold prices gained on Friday as reports that U.S. President Donald Trump was considering plans to impose tariffs on $200 billion in Chinese imports as soon as next week weighed on market sentiment. Gold futures for December delivery was at a trading price of $1,211.5 per troy ounce, up by 0.6%, at 1:10AM ET (05:10 […]
Gold prices inched up on Friday after the dollar slipped after rising briefly earlier in the day following the conclusion of the trade talks between U.S. and China that has yielded little progress. Gold Futures for December delivery inched up 0.1% to $1,194.7 per troy ounce at 2:10AM ET (06:10 GMT) on the Comex division of the New York Mercantile […]
BEIRUT (Reuters) – A U.S. plan to reduce Iran’s oil exports to zero will not succeed, Iranian Foreign Minister Mohammad Javad Zarif was cited as saying by an Iranian newspaper on Wednesday. U.S. officials have said in recent weeks that they aim to pressure countries to stop buying oil from Iran in a bid to […]
By Thomas Escritt BERLIN (Reuters) – For decades, the Friendship pipeline has delivered oil from Russia to Europe, heating German homes even in the darkest days of the Cold War. But a new pipeline that will carry gas direct from Russia under the Baltic Sea to Germany is doing rather less for friendship, driving a […]
Gold prices traded lower while the dollar was little changed ahead of the U.S. July job reports due later in the day. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell by $4.0, or 0.33%, to $1,216.10 a troy ounce by 1:40AM ET (05:40 GMT). The dollar was little changed as traders […]
Gold prices slipped on Thursday after the dollar steadied after the Federal Reserve concluded a two-days policy meeting and gave an upbeat assessment on the U.S. economy. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell by $0.6, or 0.06%, to $1,227.00 a troy ounce by 1:40AM ET (05:40 GMT). The Fed […]
Gold prices slipped on Tuesday while the U.S. dollar was also slightly weakened against the yen ahead of a monetary policy decision from the Bank of Japan. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $0.80, or 0.07%, to $1,220.50 a troy ounce by 1:30AM ET (05:30 GMT). Meanwhile, […]
