Commodities

Oil slips on rising U.S. rig count; Iran concerns limit downside

© Reuters. A rainbow is seen over a pumpjack during sunset outside Scheibenhard By Koustav Samanta SINGAPORE (Reuters) – Oil prices dipped on Monday after a rising rig count in the United States pointed to higher production there, but markets held near their highest in over three years and remained set for a second straight …

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Gold Prices Slip As Dollar Climb After Treasury Yield Drops Below 3% Level

Gold prices fell on Monday as the dollar climbed Investing.com – Gold prices fell on Monday as the dollar climbed after U.S. 10-year treasury yield pulled back to below the 3% level. for June delivery on the Comex division of the New York Mercantile Exchange was down $1.20, or 0.1%, to $1,322.4 a troy ounce …

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Oil Prices Drop As U.S. Rig Count Rises

Oil prices slid on Monday morning in Asia Investing.com – Oil prices slid on Monday morning in Asia as a rising rig count in the U.S. indicated higher crude production to come.  for June delivery were trading at $67.90 a barrel at 11:20PM ET (03:20 GMT), down 0.29%. crude futures for June delivery, traded in London, …

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Oil slips after U.S. rig count rises; Iran concerns cap downside

© Reuters. A rainbow is seen over a pumpjack during sunset outside Scheibenhard By Koustav Samanta SINGAPORE (Reuters) – Oil prices edged lower on Monday as a rising rig count in the United States pointed to higher production, but prices held near more than three-year highs and were on track to rise for a second …

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Gold / Silver / Copper Prices – Weekly Outlook: April 30 – May 4

© Reuters. Rising U.S. Treasury yields, U.S. data in focus next week Investing.com – Concerns over rising U.S. Treasury yields look set to remain in focus for precious metals traders next week after gold prices managed a slight gain on Friday but still ended the week with a drop of almost 1%. The U.S. nonfarm …

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Crude Oil Prices – Weekly Outlook: April 30 – May 4

© Reuters. Trump/Iran standoff set to dominate sentiment in oil markets this week Investing.com – News out of Washington D.C. could be the main driver of sentiment in the oil market this week, as speculation swirls that the , a major Middle East oil producer and member of the Organization of the Petroleum Exporting Countries …

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U.S., China trade tensions a pressing concern for ASEAN: Singapore PM

© Reuters. Handout photo of ASEAN working dinner hosted by Singapore’s Prime Minister Lee Hsien Loong By Jack Kim SINGAPORE (Reuters) – Singapore Prime Minister Lee Hsien Loong said on Saturday a mounting trade spat between the United States and China was one of the most pressing worries for Southeast Asian nations as their leaders …

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Saudi Aramco appoints new board members including a woman

© Reuters. FILE PHOTO: A Saudi Aramco employee sits in the area of its stand at the Middle East Petrotech 2016 in Manama, Bahrain DUBAI (Reuters) – Saudi Aramco, the world’s top oil company, has appointed three new members to its board including a woman executive, the state run company said on Sunday. Saudi Arabian …

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Australia announces $379 million funding for Great Barrier Reef

© Reuters. Bleached coral is photographed on Australia’s Great Barrier Reef near Port Douglas By Alison Bevege SYDNEY (Reuters) – Australia’s Great Barrier Reef will receive A$500 million ($379.10 million) in new funding to restore water quality and protect the coral from starfish attacks, government ministers announced on Sunday. Energy Minister Josh Frydenberg said in …

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U.S., China trade tensions a pressing concern for Southeast Asia – Singapore PM

© Reuters. Handout photo of ASEAN working dinner hosted by Singapore’s Prime Minister Lee Hsien Loong SINGAPORE (Reuters) – Singapore Prime Minister Lee Hsien Loong said on Saturday a mounting trade spat between the United States and China was one of the most pressing concerns for Southeast Asian nations. Lee flagged his concerns in remarks …

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