Category: News Group

Oil Eases to Start the Week

Oil prices dropped on Monday following reports that China’s crude oil imports in May fell 14.6% from a high base a year earlier, with daily arrivals hitting the lowest level this year, as maintenance at refineries limited...

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Crude Oil Crosses $69

Oil prices increased for the fourth straight day on Thursday, extending to a fresh 2-year high amid signs of a recovery in demand in the US, Europe, and China as vaccination programs allow more people to travel. On the supply...

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Gold Falls Below $1900

Gold extended losses to trade below $1900 an ounce on Thursday, retreating further from a 5-month high of $1916 hit early this week as the dollar strengthens slightly and as investors await a batch of economic data for the US...

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May Inflation 1.68%

Indonesia’s annual inflation accelerated to 1.68 percent in May of 2021, the highest since last December and compared to forecasts of 1.67 percent, mainly due to a faster rise in prices of food, drinks and tobacco (3.05%...

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Oil extends gain

Oil prices traded higher on Wednesday, extending a strong rally in the prior session that saw prices rose to near 2-year highs as OPEC+ agreed to keep to their plan to gradually ease supply curbs through July. At the same time,...

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