Tuesday, 21 May 2019
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Tuesday, 21 May 2019 02:34 WIB

Oil prices moved higher Monday after members of the Organization of the Petroleum Exporting Countries, meeting with some nonmember allies over weekend, signaled that the cartel wants to extend production cuts through the end of 2019. OPEC and non-OPEC members, such as Russia, met in Jeddah, Saudi Arabia, on Sunday to explore production options that will be decided at a June summit in Vienna. Last December, the group agreed to cut output by a collective 1.2 million barrels a day, a move that has driven gains for oil prices this year, though the agreement expires at the end of June. West...

RECENT NEWS
Oil prices end lower on U.S. stock market 'meltdown'
Tuesday, 14 May 2019 02:35 WIB | Minyak Minyak WTI Minyak Mentah Minyak Brent

Oil futures ended lower on Monday, giving up earlier gains that followed apparent attacks on Saudi crude tankers, as steep declines in the U.S. stock market fed an aversion to so-called riskier assets, which include oil. West Texas Intermediate crude for June delivery fell 62 cents, or 1%, to settle at $61.04 a barrel on the New York Mercantile Exchange after trading as high as $63.33 earlier in the session. The settlement was the lowest for a front-month contract since March 29, according to Dow Jones Market Data. Global benchmark July Brent crude lost 39 cents, or 0.6%, to $70.23 a...

Gold futures rise above $1,300 for highest finish in a month
Tuesday, 14 May 2019 01:08 WIB | GOLD EMAS Spot Emas

Gold futures climbed Monday to settle above $1,300 an ounce for the first time in roughly a month. Investors took refuge in haven gold as U.S. benchmark stock indexes dropped on the back of escalating tensions in the U.S.-China trade dispute. June gold rose $14.40, or 1.1%, to settle at $1,301.80 an ounce on Comex. That was the first settlement above $1,300 and highest most-active contract finish since April 10, according to FactSet data. Source : MarketWatch

Sterling steady as cross-party Brexit deal hopes linger
Monday, 13 May 2019 23:34 WIB | Currency pound Poundsterling

Sterling was little changed on Monday after a newspaper report suggested the British parliament might still reach a cross-party deal on Brexit, though doubts about such an agreement kept the currency from gaining. Up to 150 lawmakers from Britain's opposition Labour party would reject an agreement that did not include a referendum confirming it, the Guardian newspaper reported shadow Brexit secretary Keir Starmer had said. Many members of the ruling Conservative party oppose a second referendum, but the fact talks are still being held is keeping sterling from booking losses, analysts...

Gold Struggles as Investors Track Trade Tensions Between China and U.S.
Monday, 13 May 2019 20:01 WIB | GOLD EMAS

Gold futures struggled Monday, bucking the traditional role as a haven market, even as stock futures prices pointed to sharp opening declines with U.S.-China trade talks at an apparent stalemate. The precious metal had settled higher for a second straight session on Friday, helping prices to post a modest weekly rise, as the Trump administration raised the import taxes on select Chinese goods from 10% to 25% as had been warned ahead of time. The administration claims its Chinese counterparts reneged on commitments made in earlier talks. Stocks on Friday had dropped initially before staging...

Oil Prices Climb After Saudis Say Attacks Damaged Tankers
Monday, 13 May 2019 18:11 WIB | Minyak WTI Brent

Oil prices climbed Monday after Saudi Arabia said two of its oil tankers were attacked near the Strait of Hormuz over the weekend. Saudi oil minister Khalid al-Falih said through the countrys official press agency that there was significant damage to the two tankers, as those vessels tried to cross into the Persian Gulf early Sunday morning, local time, The Wall Street Journal reported. West Texas Intermediate crude for June delivery rose 90 cents, or 1.5%, to $62.57 a barrel on the New York Mercantile Exchange, after a loss of 0.7% loss on Friday. Global benchmark July Brent...

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PRECIOUS METALS
Gold posts a modest rise after ending last week at a 2-week low
Tuesday, 21 May 2019 01:18 WIB

Gold prices finished Monday with a modest gain after settling at a two-week low in the previous session, with the dollar showing some weakness and U.S. stocks on the decline. June gold on Comex...

ENERGY
Oil prices up on signs OPEC may extend output cuts
Tuesday, 21 May 2019 02:34 WIB

Oil prices moved higher Monday after members of the Organization of the Petroleum Exporting Countries, meeting with some nonmember allies over weekend, signaled that the cartel wants to extend...

CURRENCIES
Sterling Inches Off Lows after Biggest Weekly Drop This Year
Monday, 20 May 2019 23:22 WIB

Sterling inched away from its weakest levels since January on Monday as Britain's prime minister made a last-ditch bid to get a Brexit deal through parliament before she leaves office, though...