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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Oil prices fall

    Rocky
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    • Post n°1

    Oil prices fall Empty Oil prices fall

    Post by Rocky Tue 04 Jun 2019, 2:01 am

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    Oil prices fall

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    [rtl]Editorial Date: 2019/6/4 0:00 • 301 times read[/rtl]
    Oil prices fall Story_img_5cf58a67135ec
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    The price of oil fell on Monday as concerns about a drop in global demand for crude rose due to US trade disputes with Mexico and China, while stocks also fell on crude futures.
    Brent crude futures were $ 61.28 a barrel, down 71 cents, or 1.2 percent. 
    West Texas Intermediate crude was down 25 cents, or 0.5 percent, at $ 53.25 a barrel. 
    Mexico said it would reject any American idea of ​​receiving asylum seekers from Central America if raised during talks this week with the administration of US President Donald Trump, which threatens to impose fees because of immigration concerns. 
    The possibility of Mexico being charged at a time when oil prices have been affected by the long-term trade war between the United States and China. 
    Analysts said the fall in Wall Street, which tracks crude prices sometimes, has exacerbated oil futures losses.
    Monday's comments from Saudi Arabia, OPEC's biggest producer, indicate that the Organization of the Petroleum Exporting Countries and its allies will continue to work toward stabilizing the oil market in the second half of the year. 
    "We will do what is necessary to maintain market stability after June," Saudi Energy Minister Khalid al-Falih was quoted by Arab News as saying. For me this means cutting stocks from their current high levels. " 
    Brent futures fell nearly 20 percent from their peak in 2018, as world supplies shrank following OPEC and Russian output cuts, as well as a drop in Iran and Venezuela's exports due to US sanctions.
    A Saudi oil source said the kingdom pumped 9.65 million barrels of oil per day in May, which would entail a larger reduction than the target in the global agreement to reduce supplies. The target for Saudi Arabia's production under the OPEC-led agreement is 10.3 million bpd


    http://alforatnews.com/modules/news/article.php?storyid=199870
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    Rocky
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    • Post n°2

    Oil prices fall Empty Oil and the dollar are falling and gold is consolidating in global markets

    Post by Rocky Tue 04 Jun 2019, 6:11 am

    Oil prices fall 1-1242420

    Oil and the dollar are falling and gold is consolidating in global markets



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    2019/06/04 03:28:08

    Oil prices tumbled on Tuesday as an economic slowdown began to weigh on energy demand, but markets gained some support after Saudi Arabia said there was an emerging consensus with other producers to extend supply cuts.
    Brent crude for June delivery was $ 60.90 a barrel, down 38 cents, or 0.6 percent, compared to the previous session's closing price.
    US West Texas Intermediate crude futures were $ 52.98 a barrel, down 27 cents, or 0.5 percent, from the previous settlement price.
    Futures are down around 20 percent below the 2019 peaks, which hit late April, while May recorded its biggest monthly decline since November.
    Prices of other energy types, such as coal and gas, were also affected by the decline.
    To prevent supply surpluses and market support, the Organization of the Petroleum Exporting Countries (OPEC), which is dominated by countries in the Middle East, along with some allies including Russia, has been holding back supplies since the beginning of the year to support the market.
    The organization plans to decide later this month or early July on whether to continue curbing supplies.
    Saudi Energy Minister Khalid al-Faleh said on Monday there was a consensus among producers to continue working "to maintain market stability" in the second half of the year.
    Producers are concerned that the economic slowdown will reduce fuel consumption.
    Dollar
    The dollar fell to its lowest level in three weeks on Tuesday as bets on the Federal Reserve cut interest rates as concerns about global growth prompted investors to buy the safe haven yen.
    The JPY was the main beneficiary of the shift towards assets that investors consider safe. The Japanese currency rose 0.2 percent to 107.845 yen against the dollar, its highest level since mid-January.
    That hurt the dollar, which lost 0.1 percent against a basket of currencies to its lowest level in three weeks, down from 97 for the first time since April 18.
    The euro was up 0.3 percent at $ 1.1274, its highest level since April 18 thanks to a weaker dollar.
    The Australian dollar was little changed after the Reserve Bank of Australia cut interest rates to a record low of 1.25 percent as expected.
    Sterling was up 0.2 percent at $ 1.2684, up from a five-month low of $ 1.2560 on Friday.
    gold
    Gold prices rallied on Tuesday, hovering near a three-month high of the previous session, as fears of a global slowdown due to trade disputes prompted expectations of a cut in US interest rates to investors buying the precious metal, which is considered a safe haven.
    By 0525 GMT, spot gold fell 0.1 percent to $ 1323.81 an ounce, having hit its highest since February 27 at $ 1327.90 in the previous session.
    Gold settled in US futures futures at $ 1328.30 an ounce.
    "Poor sentiment due to the damage to the US-China trade relationship has caused investors to seek safe haven assets," said Daniel Heinz, an analyst at ANZ.
    "The weakness in equity markets and the clear signs of interest rate cuts in the US have made gold important, prompting investors to return to the gold market."
    US Secretary of State Mike Pompeo said on Monday the United States was seeking "equal opportunities" with China after decades of unfair trade practices, but his Dutch counterpart said tariffs would hurt global trade.
    The trade war between the world's two largest economies has weighed on financial markets to dampen investor appetite for risk. Global stock markets fell more than $ 2 trillion in May.
    The bleak economic outlook has pushed traders to increase bets that the Federal Reserve will cut interest rates sooner rather than later.
    For other precious metals, silver fell 0.2 percent to $ 14.74 an ounce after touching a two-week high of $ 14.83 on Monday.
    Platinum settled at $ 819.79 an ounce after hitting a two-week high of $ 825.78 an ounce, while palladium rose 0.2 percent to $ 1325.90 an ounce.


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