Commodities

Oil drops 2 percent on oversupply, equities sell-off

© Reuters. Pump jacks operate in an oil field in Midland By Christopher Johnson LONDON (Reuters) – Oil prices fell more than 2 percent on Tuesday, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global stock markets. oil …

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Wall Street sell-off keeps European shares near two-year lows

© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt MILAN (Reuters) – A heavy sell-off on Wall Street sent European shares tumbling on Tuesday with oil stocks leading the decline as crude prices extended their losses and Royal Dutch Shell (AS:) tumbled on reports of a possible acquisition. The …

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Oil prices drop for third session as oversupply worries drag

© Reuters. Pump jacks operate in an oil field in Midland By Koustav Samanta SINGAPORE (Reuters) – Brent crude prices dropped more than $1 on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, now the world’s biggest producer, stoked worries about …

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Gold Prices Slip as Focus Shifts to Fed

© Reuters. Investing.com – Gold prices slipped on Tuesday in Asia as investors awaited U.S. Federal Reserve’s rate policy due Wednesday. Benchmark COMEX for February slipped 0.1% at $1,250.25 per troy ounce by 1:30 AM ET (06:30 GMT). Meanwhile, the that tracks the greenback against a basket of other currencies last traded at 97.13, up …

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U.S. oil prices drop 1 percent on oversupply fears

© Reuters. Pump jacks operate in an oil field in Midland By Koustav Samanta SINGAPORE (Reuters) – U.S. oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in U.S. inventories and forecasts of record shale output stoking worries about oversupply. Concerns …

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Trump approves second round of trade aid payments for U.S. farmers

© Reuters. FILE PHOTO: A farmer drives tractor along a road in Pearl City WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he has authorized the second round of payments from a $12 billion aid package for farmers stung by the U.S. trade war with China, but did not specify an amount. “Today …

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Oil Settles at 14-Month Low Below $50 on Weak Growth Fears

© Reuters. Investing.com – The fear of a global recession and other unknowns are ruling oil more than the expressed desire of the Saudis to balance the market with production cuts. Crude prices fell 3% for a second session in a row Monday, with U.S. West Texas Intermediate settling at a 14-month bottom below the …

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Growth Fears Push Gold to Largest Gain in 2 Weeks Ahead of Fed

© Reuters. Investing.com – Fears of a global recession are giving gold an early boost ahead of this week’s Fed decision on rate hikes, with the market bracing for a rally should the central bank stall on an increase or even resort to dovish language after approving one. The yellow metal faces a pivotal period …

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U.S. crude stockpiles seen lower for third straight week: Reuters poll

© Reuters. FILE PHOTO: Pump jack lifts oil out of well during sandstorm in Midland (Reuters) – oil inventories were forecast to have fallen for the third consecutive week, while analysts expected a build in refined products last week, a preliminary Reuters poll showed on Monday. Six analysts polled ahead of reports from the American …

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Oil Down on Weak Growth Fears, Thin Holiday Volume

© Reuters. Investing.com – The fear of a global recession and other unknowns are ruling oil more than the expressed desire of the Saudis to balance the market with production cuts. U.S. West Texas Intermediate and U.K. Brent crude both fell back after briefly rising in Monday’s session as health care shares on Wall Street …

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