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News

Oil prices rise after the decline in the US stocks

5/24/2017 9:08:37 AM

Oil prices rise after the decline in the US stocks   As oil prices continued to rise, the US Petroleum Institute report released a 1.5 million barrel drop in US inventories last week. The data released by the Institute showed that crude inventories fell by 1.5 million barrels, while expectations were a decline by 2.4 million barrels. The center of delivery of oil contracts in the state of Oklahoma in shows that crude inventories fell by 210 thousand barrels, while inventories of gasoline ...

Gold analysis 24 May 2017

5/24/2017 9:04:01 AM

Gold analysis 24 May 2017   As the US dollar recovered from a six-and-a-half month low due to the geopolitical risks after the suicide bombing in Manchester, which resulted at least 22 deaths. But this was not motivated enough for gold to rise as the US dollar rose. The US Federal Reserve's Trump plan announced today that it will support the US dollar to recover from its lowest levels. Today, the results of the Federal Reserve meeting will be the focus of market attention in an ...

Oil prices rise to their highest level in a month

5/23/2017 9:15:53 AM

Oil prices rise to their highest level in a month   Oil prices rose yesterday amid growing confidence that large crude exporters will decide to extend supply cuts and expectations that the cuts could be deepened, which pushed prices to a one-month high. As Brent crude contracts rose to by 26 cents 0.5%, and recorded 53.87 dollars a barrel. While US crude was up 40 cents and recorded $ 50.73 a barrel. It is worth mentioning that the crude has closed at its highest level since 18th ...

Gold analysis Tuesday, 23 May 2017

5/23/2017 9:14:28 AM

Gold analysis Tuesday, 23 May 2017   The yellow metal continued to rise for the second session in a row after gaining support from the euro rise. This came after the yellow metal achieved its highest weekly performance in more than five weeks, against the backdrop of political tensions in the United States and increased market fears of not passing the tax reform plan which was announced during the previous period. This was the reason for the decline in the expectations of raising the ...

Stability of oil prices due to a decline of US stocks

5/18/2017 8:41:59 AM

Stability of oil prices due to a decline of US stocks   Oil prices stabilized at their highest level in two weeks after the US inventory report, which showed a decline for the sixth week in a row, which gave the markets a positive signal before next week's meeting of the Organization of the Petroleum Exporting Countries OPEC amid expectations of the markets to reach the members to extend the agreement Reducing production levels. The US dollar has been affected by the speech of US ...

Gold analysis 18thof May 2017

5/18/2017 8:37:21 AM

Gold analysis 18thof May 2017   The best daily performance in 5 weeks was the main headline for gold trading yesterday as the yellow metal managed to continue to climb after the US dollar, which was hurt by Donald Trump's comments yesterday, slumped to its lowest level in six months as well as the decline in the bond yields. It has fizzled away as market expectations have already faded that Donald Trump can make his electoral promises to cut taxes and introduce stimulus plans for ...

Oil prices rises by 2%

5/16/2017 7:17:21 AM

Oil prices rises by 2%   Oil prices rose by 2% yesterday and recorded its highest level in more than 3 weeks exceeding the level of two and fifty dollars after Russia and Saudi Arabia said that production levels should continue to be reduced until next year and this is a positive step towards extending the OPEC agreement to promote prices for a longer period. It should be noted that the energy minister of both countries said that the supply cuts should be extended to another nine months ...

Gold analysis, Tuesday 16th of May 2017

5/16/2017 7:03:14 AM

Gold analysis, Tuesday 16th of May 2017   For the third session in a row, the precious metal continued to rise, supported by the return of geopolitical tensions between the United States and North Korea after a recent missile test, as well as the experience of an electronic attack around the world, prompting demand for safe havens. As well as the readings of lower than expected US data contributed to the US dollar's slide yesterday to a one-week low against both the euro and the ...

Oil prices rise by 3%

5/11/2017 7:58:16 AM

Oil prices rise by 3%   Oil prices rose by 3% after US inventories recorded their first weekly decline since December as refinery production fell and imports declined sharply. Brent crude futures rose 1.49% to $ 50.22 per barrel. While US crude futures were up $ 1.45, to settle at $ 47.33 a barrel. Crude oil inventories fell from 5.2 million barrels in a week, the lowest level since February, while analysts had expected a 1.8 million barrel decline. US crude imports fell by ...

Gold analysis Thursday, 11 May 2017

5/11/2017 7:52:05 AM

Gold analysis Thursday, 11 May 2017   The yellow metal continued to decline yesterday and closed near eight-week lows. Despite this decline, gold managed to hold above this level after the stock market was hit by Donald Trump's decision to dismiss James F. Kumi, director of the FBI. However, the precious metal remains under increasing expectations that the Fed will continue to tighten monetary policy and raise interest rates again during the June meeting, especially after strong ...