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RoyalTraders Call@9719026661 www.RoyalTraders.co Best Accuracy For Royal Traders Live News Update Oil prices fall for second day on oversupply concerns Oil prices fell for a second day on Tuesday as worries about possible disruptions to supply eased and as investors focused on potential damage to global growth from the festering Sino-U.S. trade spat. Brent crude futures LCOc1 fell 32 cents, or 0.5 percent, to $71.52 a barrel by 0638 GMT to the lowest since April 17. They fell 4.6 percent on Monday. U.S. West Texas Intermediate CLc1 futures were down 31 cents, or 0.5 percent, at $67.75 a barrel. They declined 4.2 percent on Monday. "It is growth fears all around and more about concerns that ... trade worries will come back and bite," said Michael McCarthy, chief market strategist at CMC (NS:CMC) Markets in Sydney. "(Oil trading) volumes are abysmal and there is very little commitment at current levels." China is still confident of hitting its economic growth ta

RoyalTraders Call@9719026661 www.RoyalTraders.co Best Accuracy For Royal Traders Live News Update China gasoil exports build surplus, hold Asia cash spread to multi-year lows China's record-breaking gasoil exports have built a surplus of the fuel in Asia, sending the region's gasoil cash differentials to Singapore assessment prices to multi-year lows, with no sign the glut is set to subside through the third quarter. Cash differentials for Asia's benchmark 10 parts-per-million (ppm) grade, gasoil containing 0.001 percent sulphur, sank to a discount of 25 cents a barrel to Singapore prices on July 2, the lowest since Reuters started tracking the grade in late 2011. The differential GO10-SIN-DIF has held near that level since then, although narrowing slightly. "Singapore 10 ppm gasoil usually trades at a premium but is now trading at a discount as it is very bearish," said a Singapore-based veteran trader of middle distillates. "The bearishness is more a resul

RoyalTraders Call@9719026661 www.RoyalTraders.co Best Accuracy For Royal Traders Live News Update Brent oil gains $1 to claw back some losses as Libyan exports to resume Brent crude rose more than $1 on Thursday, recouping some ground after its biggest one-day drop in two years during the previous session after Libya said it would resume oil exports and U.S.-China trade tensions raised demand concerns. Brent crude LCOc1 rose $1.23, or 1.7 percent, to $74.63 a barrel by 0544 GMT after slumping 6.9 percent on Wednesday. U.S. West Texas Intermediate (WTI) CLc1 added 46 cents, or 0.7 percent, to $70.84 a barrel, after falling 5 percent the previous session. "Markets in Asia are a lot more settled today," said Greg McKenna, chief market strategist at AxiTrader in Sydney. "Moves, the like of which we saw in Brent and to a lesser extent WTI last night, are often followed by some sort of bounce the following day or session," he said. The announcement by