Tuesday, 16 July 2019
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Tuesday, 16 July 2019 19:25 WIB

Oil prices dipped on Tuesday as oil rigs in the Gulf of Mexico underwent the process to restart production following Hurricane Barry, while escalating U.S. output weighed ahead of weekly inventory data. New York-traded West Texas Intermediate crude futures dropped 7 cents, or 0.1%, to $59.51 a barrel by 8:07 AM ET (12:07 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., slipped 9 cents, or 0.1%, to $66.39. Crude declined on Monday after Barry passed without causing as much damage as feared, and oil rigs began preparations to restart production. Workers were...

RECENT NEWS
Oil Holds Advance After Storm Barry Disrupts U.S. Production
Monday, 15 July 2019 07:33 WIB | Minyak WTI Minyak WTI

Oil prices carried over a bullish tone from last week after Tropical Storm Barry shut down almost three-quarters of U.S. Gulf of Mexico production over the weekend. Futures in New York were up slightly, after gaining 4.7% last week. Barry weakened to a tropical depression Sunday, with some producers preparing to re-staff their offshore platforms. As of Sunday, Barry caused nearly 73% of crude oil production in the gulf to shut, up from 70% the day before, the Bureau of Safety and Environmental Enforcement said in an update. The Gulf of Mexico accounts for 16% of total U.S....

U.S. Oil Ends Week Up 5%, But Gulf of Mexico Storm Provides Little Support
Saturday, 13 July 2019 02:20 WIB | Minyak WTI Oil, Crude Oil

U.S. oil futures ended the week with nearly 5% gain Friday, as ongoing tensions between the U.S. and Iran continued to raise the risk to oil flow in the Middle East. Prices for the session, however, barely budged despite further storm-related declines in Gulf of Mexico oil and natural-gas production. Futures prices "have not reacted much because this storm is not expected to be intense enough to cause significant damage and the lost output has been priced in," said Marshall Steeves, energy markets analyst at IHS Markit. August West Texas Intermediate oil added a penny to settle at $60.21 a...

Gold Scores Gains For The Day And Week as The Fed Reinforces Rate-Cut Hopes
Saturday, 13 July 2019 01:16 WIB | GOLD EMAS

Gold futures ended higher on Friday to build a gain for the week, after Federal Reserve Chairman Jerome Powell this week did nothing to dispel expectations for an interest rate cut later this month. The recent dovish comments from the Federal Reserve are œhelpful to gold, said George Gero, managing director at RBC Wealth Management, in daily commentary. œTraders still buy good dips, so gold has seen bargain hunters active [during] each major setback recently. Gold is likely to see a trading range of $1.400-$1,450 for now, he added. Gold for August delivery on Comex rose $5.50, or...

Gold on track to end upbeat week on positive note as Fed reinforces rate-cut hopes
Friday, 12 July 2019 19:38 WIB | GOLD EMAS Spot Emas

Gold futures edged higher Friday, on track to end an upbeat week on a positive note after Federal Reserve Chairman Jerome Powell did nothing to dispel expectations for a rate cut later this month and the U.S. dollar came under renewed pressure. Gold for August delivery on Comex rose $2.90, or 0.2%, to $1,409.60 an ounce, and was on track for a weekly rise of 0.7%. September silver was off 0.1 cent at $15.145 an ounce, but on track for a 0.9% weekly rise. Powell testified before Congress Wednesday and Thursday. The Fed chief offered no pushback against expectations that policy makers will...

Oil Prices on Track for Weekly Jump as Storm Fears Trump Supply Glut Concerns
Friday, 12 July 2019 19:32 WIB | Minyak WTI Minyak jenis Brent

Oil prices were on track for a sharp weekly gain as concerns over tropical storm Barry hitting supply outweighed worries of a global supply glut. New York-traded West Texas Intermediate crude futures gained 7 cents, or 0.1%, to $60.27 a barrel by 7:57 AM ET (11:57 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., traded up 22 cents, or 0.3%, to $66.74. WTI oil and Brent have risen 4.8% and 3.9%, respectively, this week as Tropical Storm Barry continues to threaten production in the Gulf of Mexico where output has already been cut by more than half. The storm,...

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PRECIOUS METALS
Gold's uptrend 'remains intact' despite stronger dollar and record-setting stocks
Tuesday, 16 July 2019 19:02 WIB

Gold futures rose slightly Tuesday, extending a climb above a two-week peak for bullion as U.S. stocks traded near all-time highs on the session. August gold trading on Comex added $1.80, or about...

ENERGY
Oil Prices Slip as Gulf of Mexico Production Restarts, U.S. Output Weighs
Tuesday, 16 July 2019 19:25 WIB

Oil prices dipped on Tuesday as oil rigs in the Gulf of Mexico underwent the process to restart production following Hurricane Barry, while escalating U.S. output weighed ahead of weekly inventory...

CURRENCIES
Euro weakens as dollar holds ground despite Fed rate cut bets
Tuesday, 16 July 2019 15:11 WIB

The euro fell on Tuesday as investors waited for a sentiment reading of Germany's economy, although the prospect of more central bank easing starting with the Federal Reserve later this month kept...