Category: News Group

Oil Remains Stuck Around $40

Oil prices have been stuck near $40 a barrel since June as the outlook for oil demand was clouded by the reimposition of mobility curbs. Putting more downward pressure on prices was the resumption of Libyan oil exports as...

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Asian Markets Gain

Shares rose in Asia on Wednesday as optimism about US stimulus lifted market sentiment. House Speaker Nancy Pelosi have been expressing hope that a deal could be made between top Democrats and the White House to help nurse the...

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Oil Prices Decline

Oil prices were down on Wednesday after industry data showed US crude inventories unexpectedly rose, adding concerns about a global supply glut amid a surge in global COVID-19 infections. Crude stockpiles rose by 584,000 barrels...

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Oil Fails to Hold Gains

Oil futures edged down on Tuesday, with US crude prices hovering below $41 a barrel as hopes for a smooth recovery in fuel demand faded with the reimposition of mobility curbs in many countries around the world. On the supply...

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Car Sales Rises 15%

In the midst of pandemic and large-scale social restrictions (PSBB), the association of auto producers (GAIKINDO) reported, the national auto sales reached 43,362 units in September or up 15.2% from the prior month. On the...

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Gold Fails to Hold Gains

Gold price failed to hold $1,900 level as hopes of Congress and the White House reaching a deal on further economic aid have faded after US treasury Secretary Steve Mnuchin noted that an agreement is unlikely to happen before...

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