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Oil prices slip on surprise U.S. crude inventory build

Wednesday,   11-Dec-2019   09:08 (IST)

Oil prices fell on Wednesday after industry data showed a surprise build in crude oil inventory in the United States and as investors waited for news on whether a fresh round of U.S. tariffs on Chinese goods would take effect on Sunday. Brent futures (LCOc1) fell by 37 cents, or 0.6%, to $63.97 per barrel by 0121 GMT. U.S. West Texas Intermediate crude (CLc1) slipped by 30 cents, or 0.5%, to $58.94 a barrel. U.S. crude stocks clocked a surprise rise in the most recent week while gasoline and distillate inventories also rose, data from industry group the American Petroleum Institute shows. Crud...

Gold steady ahead of Fed meet, awaits clarity on fresh U.S. tariffs

Tuesday,   10-Dec-2019   08:58 (IST)

Gold prices held steady on Tuesday, ahead of a policy meeting by the U.S. central bank, while investors awaited clarity on whether a next round of U.S. tariffs on Chinese imports will take effect this...

Oil prices slip again as specter of trade war, demand concerns haunts market

Tuesday,   10-Dec-2019   08:56 (IST)

Oil prices dropped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC's agreement with associated producers at the end of last week...

Gold inches up on U.S.-China trade uncertainty; Fed meet in focus

Monday,   09-Dec-2019   03:42 (IST)

Gold inched up on Monday as investors awaited cues from the U.S. Federal Reserve on its monetary policy outlook, while trying to size up the chances of a new round of U.S. tariffs on Chinese goods. Sp...

Oil prices slip as weak China exports highlights trade war impact

Monday,   09-Dec-2019   09:05 (IST)

Oil prices fell on Monday after data showing China's overall exports of goods and services shrank for a fourth straight month, sending shivers through a market already concerned about damage being...

Gold flat as risk sentiment rises on trade optimism; set for a weekly rise

Friday,   06-Dec-2019   09:19 (IST)

Gold was flat on Friday, due to rise in risk sentiment after U.S. President Donald Trump's latest comments rekindled hopes of a trade deal with China, but dollar's weakness kept the bullion on...

Oil rises, U.S. crude trading near two-month high after OPEC cut

Friday,   06-Dec-2019   09:18 (IST)

Oil edged up in early Asia trade on Friday, with U.S. crude trading near a two-month high after OPEC agreed to increase output curbs by nearly 50 percent in early 2020, although the cartel stopped sho...

Gold steady as dollar weakens on dour U.S. data

Thursday,   05-Dec-2019   09:12 (IST)

Gold prices steadied on Thursday as the U.S. dollar slipped on the back of a weaker-than-expected job growth data, despite positive signals from Sino-U.S. trade talks. Spot gold rose 0.1% to $1,475.37...

Oil steadies after price jump; investors wait on OPEC meetings

Thursday,   05-Dec-2019   09:08 (IST)

Oil prices edged lower in muted trading on Thursday ahead of the start of OPEC meetings later in the day, steadying after the previous session's steep gains on a sharp drop in U.S. crude inventori...

Oil rises before OPEC+ meet, lifted by drop in U.S. crude stocks

Wednesday,   04-Dec-2019   09:13 (IST)

Oil prices rose on Wednesday ahead of a meeting of OPEC and its allies to discuss whether to extend production curbs to support the market, while industry data showing that U.S. crude stockpiles fell ...