Wednesday, 27 May 2020
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Wednesday, 27 May 2020 01:49 WIB

Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing. Brent crude futures were up 2 cents at $35.55 a barrel. West Texas Intermediate (WTI) crude futures gained $1.10, or 3.3%, to settle at $34.35 per barrel. The Organization of the Petroleum Exporting Countries and other leading oil producers including Russia, a group known as OPEC+, agreed last month to cut their combined output by almost 10 million barrels per day in May-June to shore up prices and...

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PRECIOUS METALS
Gold falls 1% as risk appetite firms on recovery optimism
Wednesday, 27 May 2020 01:32 WIB

Gold fell over 1% on Tuesday as major economies further eased coronavirus-linked restrictions, fuelling hopes for economic recovery and bolstering risk appetite. Spot gold slipped 1.1% to $1,710.95...

ENERGY
Oil jumps more than 3% as faith in supply cuts grows
Wednesday, 27 May 2020 01:49 WIB

Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions...

CURRENCIES
Euro, riskier currencies buoyed as investor sentiment improves
Tuesday, 26 May 2020 15:22 WIB

The euro got a boost on Tuesday from a weaker dollar as growing optimism about a global recovery from the COVID-19 pandemic supported riskier currencies. The moves, however, lacked the exuberance...