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Breaking News

Oil prices edged higher on Monday as a tropical storm took aim for the U.S. Gulf of Mexico region halting some production, though price gains were capped by the potential return of oil output in Libya and a continued rise in coronavirus cases.

about 3 hours ago

U.S. FED decided to keep the federal funds rate unchanged at 0 to 1/4 percent and expects that it will be appropriate to maintain this target range until labor market conditions will reach the levels consistent with their assessments of maximum employment and, inflation will rise to 2 percent and will on track to moderately exceed 2 percent for some time.

about 4 days ago

Better-than-expected global manufacturing activity is positive for the global economy. Monday's July U.S. ISM manufacturing index rose +1.6 to 54.2, stronger than expectations of +1.0 to 53.6, and the fastest pace of expansion in 16 months. Also, the Eurozone July Markit manufacturing PMI was revised upward to a 1-3/4 year high of 51.8 from the previously reported 51.1. In addition, the China July

about 2 months ago

Monsoon Watch: Country as a whole received 38% deficient rainfall on August 03,2020 while, cumulative rainfall for ongoing monsoon season stands at 2% deficient from its long term average.
about 2 months ago

The IEA said European nat-gas demand so far this year (Jan-May) has fallen -7% y/y due to the coronavirus pandemic.
about 2 months ago

U.S. nat-gas production continues to be weak, which is supportive of nat-gas prices. U.S. lower-48 state dry gas production today was down by -6.3 y/y at 83.429 bcf/d, the 49th consecutive day that nat-gas production has fallen on a year-on-year basis
about 2 months ago

Nat-gas prices recovered from a 1-1/2 week low and moved higher on the outlook for increased nat-gas demand. Above-average U.S. temperatures forecast for the rest of this month should boost nat-gas demand from power companies to drive increased air-conditioning demand.
about 2 months ago

Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere would suppress fuel demand.
about 2 months ago

Precious metals prices on Thursday gave up early gains and turned lower after the dollar index rebounded from a 4-week low and moved higher. Also, silver retreated on concerns about industrial metals demand as a resurgence in coronavirus cases may keep lockdowns in place and derail an economic recovery.
about 2 months ago

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