Oil dips on rising US crude inventories, high OPEC supplies

Oil prices fell after a rise in U.S. crude inventories and high supplies from OPEC revived concerns of a supply overhang.The post Oil dips on rising US crude inventories, high OPEC supplies appeared first on NASDAQ.
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GOP Boosts Gold as Oil Consolidates

The GOP’s infighting weakens the dollar, boosting gold, whilst oil consolidates its recent gains. OIL Oil flip flopped in a choppy one dollar range overnight with both Brent and WTI spot ending up almost unchanged for the New York session at 48.60 and 46.25 respectively. Crude rose initially on reports that the Saudi’s had further cut […]

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Ringgit Rally

KUALA LUMPUR: The ringgit extended Tuesday’s gains to open higher against the US dollar this morning as investors continued to buy local bonds and undervalued equities, said a dealer. At 9 am, the local unit stood at 4.2780/2840 against the greenback compared with yesterday’s close of 4.2840/2860. OANDA Senior Trader Stephen Innes said fund inflows […]

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