Out of bounds
LONDON -
Oil
prices rose on Wednesday after rising global refining margins and the reopening of refineries on the US coast of the Gulf of Mexico, helping to improve the outlook for the crude market after sharp declines from the Harvey storm.
Brent crude <LCOc1> was up 28 cents at $ 53.66 a barrel by 0952 GMT. US West Texas Intermediate crude futures rose 15 cents to $ 48.81 a barrel.
Many refineries, pipelines and ports damaged by Hurricane Harvey are being restarted 10 days ago. As of Tuesday, about 3.8 million barrels of refining capacity, equivalent to 20 percent of the total refining capacity in the United States, was down from 4.2 million bpd at the height of the storm.
Attention is also focused on hurricane Erma, classified as a Category 5 storm, heading towards the Caribbean and Florida and may disrupt other refineries and cause more fuel shortages.
The Thomson Reuters Ekon data show that about 250,000 barrels of daily refining capacity in the Dominican Republic and Cuba are on the direct route of the Arma.
Fuel inventory data from the US Petroleum Institute and on Thursday are expected to give the Energy Information Administration a clearer view of Hurricane Harvey's effect on fuel stocks, but analysts say the full picture will take weeks.
London
British economy continues worrying decline
Despite the fact that it is worthy of what can be called the "first shock", the British economy is currently suffering greatly from the fears that are increasing day after day, the results of the separation from the European Union, especially with the increasing indications that clearly indicate that this separation will not be easy In any case.
The British economy managed to avoid a sharp fall after the vote on secession in June last year, and has been holding for more than 6 months, but since the beginning of this year the downward trend has started dramatically as the full picture of the expected losses from BRICST, which will be lost Britain has important aspects of its economy, especially the status of the capital London as a European financial center, as well as British industries will miss important aspects of competitiveness, in light of the expected departure of Britain from European customs agreements.
A survey showed that the UK economy is losing momentum as concerns over BRICST grow, and growth in the services sector, which dominates the country's economy, hit its weakest in a year. The IHS Market-CIBs index for service managers fell to 53.2 in August, down from 53.8 in July, and even below the median forecast of 53.5 in a Reuters economists poll. This is the lowest reading since September last year, after British voters voted in favor of secession from the European Union.
Singapore 's
new leap "gold prices
jumped gold prices Tuesday to the highest level in a year as the dollar fell and the survival of a strong demand for the precious metal as a safe investment with continuing tensions in the wake of the latest nuclear test of North Korea.
Spot gold rose 0.43 percent to $ 1340.06 an ounce late in the New York session after hitting $ 1344.21, the highest level since September 8, 2016.
Gold futures in US futures jumped 1.0 percent to settle $ 1344.50 per ounce.
Among other precious metals, silver fell 0.08 percent to $ 17.87 an ounce, while platinum fell 0.15 percent to $ 1005.50 an ounce.
Palladium fell 1.86 percent to $ 958.80 an ounce, after hitting its highest level since February 2001 at $ 1001 in the previous session.
Oil
prices rose on Wednesday after rising global refining margins and the reopening of refineries on the US coast of the Gulf of Mexico, helping to improve the outlook for the crude market after sharp declines from the Harvey storm.
Brent crude <LCOc1> was up 28 cents at $ 53.66 a barrel by 0952 GMT. US West Texas Intermediate crude futures rose 15 cents to $ 48.81 a barrel.
Many refineries, pipelines and ports damaged by Hurricane Harvey are being restarted 10 days ago. As of Tuesday, about 3.8 million barrels of refining capacity, equivalent to 20 percent of the total refining capacity in the United States, was down from 4.2 million bpd at the height of the storm.
Attention is also focused on hurricane Erma, classified as a Category 5 storm, heading towards the Caribbean and Florida and may disrupt other refineries and cause more fuel shortages.
The Thomson Reuters Ekon data show that about 250,000 barrels of daily refining capacity in the Dominican Republic and Cuba are on the direct route of the Arma.
Fuel inventory data from the US Petroleum Institute and on Thursday are expected to give the Energy Information Administration a clearer view of Hurricane Harvey's effect on fuel stocks, but analysts say the full picture will take weeks.
London
British economy continues worrying decline
Despite the fact that it is worthy of what can be called the "first shock", the British economy is currently suffering greatly from the fears that are increasing day after day, the results of the separation from the European Union, especially with the increasing indications that clearly indicate that this separation will not be easy In any case.
The British economy managed to avoid a sharp fall after the vote on secession in June last year, and has been holding for more than 6 months, but since the beginning of this year the downward trend has started dramatically as the full picture of the expected losses from BRICST, which will be lost Britain has important aspects of its economy, especially the status of the capital London as a European financial center, as well as British industries will miss important aspects of competitiveness, in light of the expected departure of Britain from European customs agreements.
A survey showed that the UK economy is losing momentum as concerns over BRICST grow, and growth in the services sector, which dominates the country's economy, hit its weakest in a year. The IHS Market-CIBs index for service managers fell to 53.2 in August, down from 53.8 in July, and even below the median forecast of 53.5 in a Reuters economists poll. This is the lowest reading since September last year, after British voters voted in favor of secession from the European Union.
Singapore 's
new leap "gold prices
jumped gold prices Tuesday to the highest level in a year as the dollar fell and the survival of a strong demand for the precious metal as a safe investment with continuing tensions in the wake of the latest nuclear test of North Korea.
Spot gold rose 0.43 percent to $ 1340.06 an ounce late in the New York session after hitting $ 1344.21, the highest level since September 8, 2016.
Gold futures in US futures jumped 1.0 percent to settle $ 1344.50 per ounce.
Among other precious metals, silver fell 0.08 percent to $ 17.87 an ounce, while platinum fell 0.15 percent to $ 1005.50 an ounce.
Palladium fell 1.86 percent to $ 958.80 an ounce, after hitting its highest level since February 2001 at $ 1001 in the previous session.
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