international
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Oil falls amid fears of increased production of “OPEC”
Oil prices fell on Monday, amid fears of an increase in OPEC production as well as an increase in the number of oil drilling rigs in the United States for the fourth week in a row. Last week, Baker Hughes Energy Services reported that the total number of active oil…
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Dollar jumps ahead of US Central Bank statement
The dollar rose against the euro and hit a three-week high against the yen on Wednesday ahead of the Federal Reserve Monetary Policy Committee’s announcement that investors are looking at signs of how many US interest rates will be raised this year. The US Central Bank’s monetary policy committee will…
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Nikkei climbs ahead of US Central Bank decision and Toshiba shares jump
Japanese stocks rose at closing on Wednesday, but gains were limited as many investors watched the decision of the Federal Reserve monetary policy committee as Toshiba jumped after a major buyback. Toshiba jumped 6.7 percent after it said it would buy back up to 700 billion yen ($ 6.33 billion)…
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Gold stable with the rise of the dollar in anticipation of the meeting, “Federal”
Gold settled in Wednesday’s trading, coinciding with the dollar’s rally and the Fed’s meeting. The Fed announced the results of the meeting, which began on Tuesday, amid expectations of higher interest rates, reducing the attractiveness of gold to investors. The dollar index, which measures the move of the greenback versus…
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Oil is mixed with the OPEC signal to a blur in the outlook for the crude market
Oil prices mixed on Tuesday as US crude rose as global benchmark crude tumbled Brent as investors prepared for an important OPEC meeting next week. Brent crude futures were down 66 cents at $ 75.80 a barrel by 1813 GMT, while US WTI crude futures were up 15 cents at…
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Collective rise in OPEC prices in May topped Venezuelan oil
Venezuela’s crude oil prices rose in May on a monthly basis. According to an Anatolia survey of FAO’s monthly report released on Tuesday, Venezuelan crude rose 13.2 percent last month to $ 68.22, from $ 60.24 a month earlier. OPEC includes 14 countries: Saudi Arabia, Iraq, Kuwait, UAE, Qatar, Algeria,…
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Energy and mining sectors lead Europe’s shares down and Italy shines
European shares tumbled on Tuesday on commodity stocks, but retail stocks rose after Carrefour signed an online shopping partnership with Google. The Stoxx 600 European index closed 0.1 percent lower, although Italy’s MII jumped 0.2 percent, gaining gains for a second straight day. Oil stocks fell as crude prices plummeted.…
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US Energy Administration Raises Expectations for Oil Demand Growth
The US Energy Information Administration on Tuesday raised its forecast for world oil demand growth in 2018 by 40,000 bpd to 1.80 million bpd. In its monthly report, the administration cut its forecast for oil demand growth in 2019 by 10,000 bpd to 1.72 million bpd. The administration said it…
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Lagarde: The horizon of the global economy is getting darker day after day
Christine Lagarde, director of the International Monetary Fund (IMF), on Monday launched an attack by global economic organizations against President Donald Trump’s “First America” policy and warned that the clouds on the global economy “are growing darker day after day.” Trump declined to agree to a joint final communique agreed…
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India’s imports of Iran’s oil rose to a two-year high despite sanctions fears
India’s oil imports from Iran rose to about 705,000 bpd in May, their highest level since October 2016, despite threats of new US sanctions, data from shipping and oil sources showed. As of June, Indian oil imports may fall from Iran as at least two refineries are preparing to cut…
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