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Oil dips after boost from supply deficit hopes

Friday,   14-Dec-2018   04:28 (IST)

Oil prices headed lower on Friday as investors took profit after a nearly 3% surge in the prior session. Thursday’s boost was thanks to updated forecasts from the International Energy Agency (IEA) which said it expects a supply deficit in the second quarter of 2019 if OPEC and its allies move forward with plans to reduce output starting in January.U.S. crude oil futures lost 20 cents, or 0.38%, to $52.38, while Brent oil traded down 29 cents, or 0.47%, to $61.16.Concerns of oversupply will remain in the spotlight on Friday as investors keep an eye on a measure of future output stateside ...

Global stocks tumble over economic concerns

Friday,   14-Dec-2018   04:23 (IST)

After a mixed close on Wall Street on Thursday, the weak Chinese data sent Asian stocks into a tailspin. China’s Shanghai Composite closed with losses of 1.5%, while Japan’s Nikkei 225 slu...

ECB Ends Massive Stimulus Despite Weaker Economic Outlook

Friday,   14-Dec-2018   09:14 (IST)

The European Central Bank left its interest rates unchanged on Thursday and confirmed that it will its four-year long massive EUR 2.6 trillion Asset Purchase Programme in December, even the as the 19-...

Gold prices steady on Fed policy outlook uncertainty

Friday,   14-Dec-2018   09:04 (IST)

Gold prices steadied on Friday, after slipping to a week-low in the previous session, supported by the uncertainty around the Federal Reserve’s next year’s policy outlook, while the dollar...

Oil prices dip, but expectations of tightening supply support

Friday,   14-Dec-2018   08:57 (IST)

Oil prices eased on Friday after rising over 2 percent the day before, but were supported by hopes the market will tighten more quickly than some had expected in the wake of supply cuts from major pro...

U.S. Futures Point to Slightly Higher Open

Thursday,   13-Dec-2018   04:14 (IST)

U.S. stock futures pointed to a slightly higher open, as investors were hopeful about U.S.-China trade relations.The blue-chip Dow futures were up 10 points, or less than 0.1%, the S&P 500 futures...

Gold edges lower as dollar steadies, equities tick up

Thursday,   13-Dec-2018   12:18 (IST)

Gold prices slipped on Thursday as the dollar steadied and equities climbed on signs of easing trade tensions between the United States and China, while palladium rose to a record high, trading at a p...

Oil prices climb amid signs of easing U.S.-China trade tensions

Thursday,   13-Dec-2018   09:10 (IST)

Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude inventories and signs that China is taking more concrete steps to put a trade war truce with Washington into action.Crude oil prices hav...

Oil Prices Rally Ahead of EIA's Weekly Supply Report

Wednesday,   12-Dec-2018   04:54 (IST)

In commodity markets, the U.S. Energy Information Administration will release its official weekly oil supplies report for the week ended December 7.Analysts expect the EIA to report a drop of around 3...

Dow Futures Point to Triple-Digit Gains

Wednesday,   12-Dec-2018   04:37 (IST)

U.S. stock futures pointed to a higher open, with the Dow set for a triple-digit gain, as optimism over the U.S.-China trade dispute lifted sentiment.The blue-chip Dow futures were up 195 points, or 0...