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Oil Prices Strengthen Despite Dampened Hopes of Demand/Supply Improvement + MORE

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Shares in Asia mixed on Monday. At the time of writing this article, Japan’s Nikkei 225 Index has dropped -1.38% on yen’s strength. Equities in China gained as PPI deflation moderated. China’s CSI 300 index has added +1.74% while Hong Kong’s Hang Seng Index has climbed +0.51% in the morning session. In the commodity sector, crude oil remains firm following the rally last Friday…

Continue Reading On oilngold.com »

Oil prices surged to the highest levels in 2016 amidst a report suggesting that Saudi Arabia and Russia have reached an agreement on production freeze. As the market await the weekend meeting in Doha, such news helped lift hopes that the demand/supply fundamentals would tighten as big producers agree to cap outputs…

Continue Reading On oilngold.com »

Wall Street reversed gains made earlier in the day with DJIA and S&P 500 indices losing -0.12% and -0.27% respectively. Shares in Asia were mainly lower in morning session on Tuesday. In the commodity sector, crude oil prices strengthened with the front-month WTI contract adding +1.61% and the Brent contract up +2…

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