TAG Brent

Oil stockpiles weigh on sentiment

Oil is poised for a second weekly drop after a larger-than-expected gain in American crude stockpiles eclipsed tensions between the U.S. and Saudi Arabia over the disappearance of a prominent critic of the kingdom. Futures in New York headed for a 3.4 percent loss this week as government data showed U.S. inventories grew by more…

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Oil prices headed for a weekly loss

SINGAPORE — Oil prices nudged higher on Friday on signs of surging demand in China, the world’s second-biggest oil user, though prices are set to fall for a second week amid concerns of the ongoing Sino-U.S. trade war is limiting overall economic activity. Brent crude oil futures were trading at $79.51 per barrel at 0521…

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Little hope for Brexit breakthrough at EU summit

May heads to Brussels as no deal preparations continue Risk appetite appears to be gradually returning to markets following strong earnings-driven gains in the US overnight as attention now shifts to Brussels were Brexit talks will continue. All eyes in Europe will be on the EU summit over the next couple of days as Theresa…

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Markets stable for now but risks pile up

Saudi in the spotlight as lies start to unravel Investors may not be feeling particularly comfortable yet but we are seeing some welcome stability in the markets on Tuesday, with Europe posting small gains following a mixed session in Asia overnight. US futures are also pointing a little higher which will provide some comfort following…

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Risk aversion remains at the start of the week

Could strong retail sales report prompt more selling? Markets remain in risk aversion mode at the start of the week, with losses being recorded across Asia and Europe and US futures pointing to a similar session on Wall Street. While the losses being reported are more modest that those seen last week, which investors will…

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OANDA Market Insights podcast (episode 35)

OANDA Senior Market Analyst Craig Erlam review the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week’s big stories: Global market sell off, IMF warns Italy, Chancellor optimistic on Brexit, Crude slumps on market uncertainty. OANDA Market Insights podcast (episode 35) Posted 13 minutes ago Oil Prices Rise but…

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