Out of bounds

Out of bounds



Singapore
oil prices recorded a rise in Asian
oil prices recorded a rise in Asian markets on Tuesday, as investors still rely on the ability of markets to absorb stocks and the decline in global supply. The price of a barrel of light oil (light sweet infraction) July delivery 19 cents to $ 46.27 in electronic trade in Asia. The barrel of Brent European benchmark August delivery, has won 22 cents to $ 48.51. The members of the Organization "OPEC" countries and ten other countries have agreed to cut production until March 2018. But the markets have not issued any indications that this step will allow the absorption of the surplus in supply , which affects the prices. Investors are awaiting weekly estimates of the Union's "American Petroleum Institute" about the size of crude inventories in the United States and Pat. The expert said the strategic "Xi-Trader" group Greg McKenna said "prices determined by the data about the precautions that are the only elements that can prove or deny assurances OPEC that the market is on the way back to balance." The price of a barrel of oil lost last week , 3.8 percent of its value in New York, down by 11 percent since the OPEC summit at the end of May. These losses , especially associated with the unexpected rise of US oil stocks.


Washington
Gold settles and the market awaits signals the US central meeting
stabilized gold on Tuesday as investors continued cautious ahead of a two - day meeting of the Federal Reserve ( the US central bank) is likely to give signals on interest that rein the bank in the remaining period of the year price policy. It is expected widely that the bank raises interest rates by the Monetary Policy Committee meeting , which begins on Tuesday , but the focus is on whether the Fed believes that a strong US economy enough to withstand further interest rate increases in 2017
and gold fell in online transactions 0.1 percent to $ 1264.01 per ounce ( an ounce) by 0805 GMT. Earlier in the session , the yellow metal hit its lowest level since the second of June at $ 1262.61 an ounce. The metal fell in the US futures contracts August delivery 0.2 percent to $ 1266.30 an ounce. It would raise interest rates to support the dollar as may make commodities denominated in US currency more expensive for holders of other currencies.


Cairo
Amendment prices of 27 government service
agent said the Plan and Budget Committee in the Egyptian Parliament, Yasser Omar, on Tuesday, the Committee agreed to amend the prices of 27 service, including cars, passports, licenses for arms and services of mobile and the establishment of foreign licenses. He explained that " the Commission canceled the reduced number of fees that were proposed by the government, and reduced the toll from 8 to 7 billion pounds , " noting that "fee will be charged £ 50 when buying a new mobile line and 10 pounds on your monthly mobile phone bills."
Chairman of the Committee added that "Egypt expects to collect 7 billion pounds (385.7 million dollars) to increase the prices of some services during the fiscal year 2017-2018."


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