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Visit Us-:http://www.commodityprofitplus.com/ Call & Whatsapp-:9760684329 Investing.com - Oil costs recouped on Wednesday in Asia in the wake of losing over 3% prior this week when U.S. Donald Trump tweeted that costs were "getting excessively high." U.S. Unrefined petroleum WTI Futures was up 0.8% to $55.94 by 11:00 PM ET (04:00 GMT). London-exchanged Brent Oil Futures increased 0.5% to $66.59. Refering to an Organization of the Petroleum Exporting Countries (OPEC) source, Reuters provided details regarding Tuesday that the worldwide cartel and its partners wanted to adhere to their oil supply cuts in spite of Trump's tweet. The news was refered to as supporting oil costs today. "Unrefined petroleum has been rising recently, not because of solid development and rising interest but rather principally because of a politically arranged cut underway from OPEC and companions," said Ole Hansen, leader of the product system at Denmark's Saxo Bank, i...

Visit Us-:http://www.commodityprofitplus.com/ Call & Whatsapp-:9760684329 By Philip Blenkinsop BUCHAREST (Reuters) - European ministers will begin debating on Friday how and when to start trade negotiations with the United States, aware that U.S. President Donald Trump may impose punitive tariffs on EU car imports if the bloc waits too long. The European Commission has asked the EU's 28 countries to approve two negotiating mandates so that formal talks can begin. Germany is keen to start as soon as possible, while France is reluctant to engage with Trump. The United States and Europe ended a stand-off of several months last July, when Trump agreed to hold off on car tariffs while the two sides looked to improve trade ties. They committed to work towards removing tariffs on "non-auto industrial goods", discuss ways to agree on product standards to boost trade and increase EU imports of U.S. soybeans and liquefied natural gas. The EU is looking now to star...

Visit Us-:http://www.commodityprofitplus.com/ Call & Whatsapp-:9760684329 By Henning Gloystein SINGAPORE (Reuters) - Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy. U.S. West Texas Intermediate (WTI) crude oil futures were at $57.33 per barrel at 0256 GMT, 17 cents, or 0.3 percent, above their last settlement, but below their 2019 high of $57.55 reached the previous day. International Brent crude futures were at $67.14 per barrel, 6 cents above their last close and not far off their 2019 peak, hit the day before, of $67.38 per barrel. Analysts said that a global economic slowdown was preventing prices from surging beyond the 2019 highs seen this week. "Slowing economic growth will invariably lead to weakness in fuel consumption thus eroding bullish gains for oil prices," said Benjamin Lu of brokerage...

Visit Us-:http://www.commodityprofitplus.com/ Call & Whatsapp-:9760684329 European stocks slipped in choppy trading and U.S. equity futures edged lower following a mixed session in Asia as investors awaited fresh headlines on the outlook for global trade. The dollar nudged higher and Treasuries were steady. The Stoxx Europe 600 File withdrew following two days of additions, drove lower by banks following baffling profit from HSBC Property and timid signs from the ECB. Automakers were additionally under strain as the European Association pledged brief striking back if the U.S. forces duties on imported vehicles. Contracts on the Nasdaq, Dow Jones and S&P 500 lists edged down before the following round of talks among America and China to determine their exchange question get in progress in Washington. In Asia, Bank of Japan Governor Haruhiko Kuroda told parliament the central bank would consider extra monetary easing if required, helping lift the Topix index. Shares in C...

Visit Us-:http://www.commodityprofitplus.com/ Call & Whatsapp-:9760684329 By Henning Gloystein SINGAPORE (Reuters) - Oil prices rose to their highest levels since November last year on Monday, lifted by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela. U.S. West Texas Intermediate (WTI) crude oil futures pushed through $56 per barrel for the first time this year, hitting $56.13 a barrel before edging back to $56.02 a barrel by 0112 GMT, still up 0.8 percent from their last settlement. International Brent crude oil futures hit a high of $66.78 per barrel before easing to $66.65 per barrel, up 0.6 percent from their last close. For both benchmarks, these were their highest levels since Nov. 20, 2018. The Organization of the Petroleum Exporting Countries (OPEC), as well as some non-affiliated producers like Russia, agreed late last year to cut output by 1.2 million barrels per day (bpd) to prevent a large supply overhang from swelling more. Further pushing ...

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Visit Us-: http://www.commodityprofitplus.com/ call & whatsapp-:9760684329 By Florence Tan SINGAPORE (Reuters) - Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as U.S. sanctions on Venezuela and Iran along with output cuts by OPEC tighten supply of medium to heavy sour oil, traders and analysts said. Sour crudes, mainly produced in the Middle East, Canada and Latin America, have a high sulphur content and are usually cheaper than Brent, the benchmark for low-sulphur oil in the Atlantic Basin. But Dubai spot prices and DME Oman crude futures for April have held above ICE (NYSE:ICE) Brent at Asia's market close since the start of February, data from the Intercontinental Exchange (ICE), Dubai Mercantile Exchange and Refinitiv Eikon showed. "The forceful implementation of U.S. sanctions on Venezuelan crude exports, the greater-than-expected recent Saudi crude output cut ... and the uncertainty over U.S. sanctio...