By Administrator_India Capital Sands “Since April we have seen a miraculous recovery in oil demand – which is now at about 92% of pre-pandemic levels, but it’s too early to declare an end to the COVID-19 oil demand destruction era,” said Rystad Energy oil markets analyst Louise Dickson. A meeting on Monday of a ministerial …
By Administrator_India Capital Sands Gold was X on Wednesday morning in Asia, hit by U.S. President Donald Trump’s shock cancellation of talks over the latest stimulus measures and a strengthening dollar. Gold futures slid 1.17% at $1,886.45 by 11:44 PM ET (3:44 AM GMT), after hovering near a one-week low hit during the previous session. The …
By Administrator_India Capital Sands Oil inched higher in New York as President Donald Trump’s doctors gave an upbeat assessment of his health even as labor market weakness heightened concerns over an economic recovery. U.S. crude futures added as much as 0.5% after slumping 4.3% in volatile trading on Friday on news that the U.S. president had …
By Administrator_India Capital Sands Oil inched up on Monday morning in Asia, with concerns about new supply from reopening Libyan reserves balanced out by news of yet another shutdown on the way for U.S rigs in the Gulf of Mexico, due to Tropical Storm Beta. Brent oil futures inched up 0.05% to $43.17 by 12:38 PM …
By Administrator_India Capital Sands Oil prices slipped on Thursday, extending losses of more than 5% in the previous session, weighed down by record high U.S. crude inventories and worries that a rapid resurgence in COVID-19 cases could choke a revival in fuel demand. U.S. WTI crude futures fell 26 cents, or 0.7%, to $37.75 per barrel at …
By Administrator_India Capital Sands Oil was down on Tuesday morning in Asia, giving up its earlier gains from the session. Brent oil futures fell 0.46% to $42.88 by 10:17 PM ET (3:17 AM GMT) and WTI futures slid 0.61% to $40.48. Investors were spooked after White House trade adviser Peter Navarro told the press on Monday that the …
By Administrator_India Capital Sands Wall Street ended the session near the lows of the day, led by a slide in energy as oil prices slipped into negative territory for the first time ever, as many fret over storage capacity constraints at a time when the Covid-19 pandemic has hit demand. The Dow fell 2.4%, or 594 points, …
By Administrator_India Capital Sands Gold prices fell to a more than one-week low on Monday as the dollar firmed and as investors remained optimistic that the U.S. economy might reopen soon from lockdowns that were enforced to contain the novel coronavirus’ spread. * Spot gold fell 0.5% to $1,675.92 per ounce by 0038 GMT, having …
By Administrator_India Capital Sands The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance as the coronavirus shreds demand and sends stockpiles soaring, industry watchers said. After several days of discussions, oil producing and consuming …
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