Oil prices soar after U.S., China suspend trade hostilities

Oil prices shot higher on Monday after the United States and China agreed a 90-day truce in their trade conflict and ahead of a meeting by producer club OPEC this week that is expected to result in a supply cut.

U.S. West Texas Intermediate (WTI) crude futures were at $53.38 per barrel at 0220 GMT, up $2.45 per barrel, or 4.8 percent from their last close.

International Brent crude oil futures were up $2.38 per barrel, or 4 percent, at $61.84 a barrel.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

✆ – 0731-6626191 | Toll Free – 1800-3010-2007

Give a Missed Call for Free Trial – 09699997717

Advertisements

Gold Scales Over Three-Week Peak As Dollar Slips

Gold prices hit a more than three-week high on Monday on a weaker dollar, as a trade ceasefire between the United States and China revived investor demand for riskier assets.

Washington and Beijing agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching an agreement within 90 days.

Spot gold climbed about 0.7 percent to $1,230.78 per ounce at 0725 GMT, having touched its highest level since Nov. 7 at $1,231.34 earlier in the session.

U.S. gold futures were up 0.8 percent at $1,235.2 per ounce.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

✆ – 0731-6626191 | Toll Free – 1800-3010-2007

Give a Missed Call for Free Trial – 09699997717

Firm Dollar Caps Gold Rise

Gold prices were steady on Monday, capped by headwinds from a firm dollar, while investors looked to the G20 meeting this week for signs of a thaw in the Sino-U.S. trade conflict.

Spot gold inched 0.1 percent higher to $1,223.31 per ounce by 0415 GMT. U.S. gold futures were up about 0.1 percent at $1,223.8 per ounce.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

✆ – 0731-6626191 | Toll Free – 1800-3010-2007

Give a Missed Call for Free Trial – 09699997717

Oil Prices Claw Back Some Losses After `Black Friday` Plunge

Oil prices on Monday clawed back some losses from a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets.

Front-month Brent crude oil futures had risen by 96 cents, or 1.6 percent, to $59.76 per barrel by 0745 GMT.

U.S. West Texas Intermediate (WTI) crude futures were up 62 cents, or 1.2 percent, at $51.04 per barrel.

The gains partly made up for Friday’s selloff, which traders have already dubbed ‘Black Friday’.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

✆ – 0731-6626191 | Toll Free – 1800-3010-2007

Give a Missed Call for Free Trial – 09699997717

Gold Edges Down As Fed’s Interest Rate View Strengthens Dollar

Gold prices inched lower on Friday as the dollar firmed after the US Federal Reserve kept interest rates steady with a fourth hike for this year expected next month.

Spot gold was down 0.1 percent at $1,221.78 per ounce at 0124 GMT. Prices fell to their lowest in a week at $1,219.59 in the previous session.

Gold was down about 0.9 percent for the week and on track to post its biggest weekly fall since August.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

✆ – 0731-6626191 | Toll Free – 1800-3010-2007

Give a Missed Call for Free Trial – 09699997717

Oil Prices Down 20% In A Month As Fundamentals Weaken

Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with US crude now down by 20 percent since early October.

US West Texas Intermediate (WTI) crude oil futures were at $61.63 per barrel at 0125 GMT, down 4 cents from their last settlement.

Front-month Brent crude oil futures were at $70.79 a barrel, 14 cents above their last close

However, both Brent and WTI have declined by around 20 percent from four-year highs in early October.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

✆ – 0731-6626191 | Toll Free – 1800-3010-2007

Give a Missed Call for Free Trial – 09699997717

Oil Prices Fall On Iran Sanction Exemptions, Economic Concerns

Oil prices fell on Tuesday, weighed down by sanction exemptions from Washington that will allow Iran’s biggest oil customers to keep importing from Tehran, as well as by concerns that an economic slowdown may curb fuel demand growth.

U.S. West Texas Intermediate (WTI) crude futures were at $62.86 a barrel at 0800 GMT, down 24 cents, or 0.4 percent, from their last settlement.

International Brent crude oil futures were down 48 cents, or 0.7 percent, at $72.69 a barrel.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

✆ – 0731-6626191 | Toll Free – 1800-3010-2007

Give a Missed Call for Free Trial – 09699997717