Prime News: Oil Prices Retain Gains as Producers Say Markets Poised for Rebalancing

Oil Prices Retain Gains as Producers Say Markets Poised for Rebalancing Oil prices were flat on Monday, maintaining the majority of the gains from the prior session to remain near their highest levels in months, as producers meeting in Vienna declare that the market was well underway towards rebalancing.
London Brent crude futures fell 0.3 percent to trade at $56.83 per barrel, close to the highest level since March. Meanwhile, U.S. crude futures fell 8 cents to trade at $50.58, after rising 0.2 percent on Friday.
OPEC and other major crude producers have agreed to limit production by around 1.8 million bpd since the start of the year, helping to prop-up prices by around 15 percent in the last three months.
The leader of the Joint Ministerial Monitoring Committee, Kuwaiti Oil Minister Essam al-Marzouq, said the supply reductions were helping to lower global crude inventories down to their five-year average, which is the cartel's target.
Russia's energy minister said that..

Oil Prices Retain Gains as Producers Say Markets Poised for Rebalancing

Oil Prices Retain Gains as Producers Say Markets Poised for Rebalancing

Oil prices were flat on Monday, maintaining the majority of the gains from the prior session to remain near their highest levels in months, as producers meeting in Vienna declare that the market was well underway towards rebalancing.

London Brent crude futures fell 0.3 percent to trade at $56.83 per barrel, close to the highest level since March. Meanwhile, U.S. crude futures fell 8 cents to trade at $50.58, after rising 0.2 percent on Friday.

OPEC and other major crude producers have agreed to limit production by around 1.8 million bpd since the start of the year, helping to prop-up prices by around 15 percent in the last three months.

The leader of the Joint Ministerial Monitoring Committee, Kuwaiti Oil Minister Essam al-Marzouq, said the supply reductions were helping to lower global crude inventories down to their five-year average, which is the cartel's target.

Russia's energy minister said that there was no finalized decision to prolong the production curbs past the end of March ahead of January, but other ministers indicated that such decision could be considered before the end of the year.

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Prime News: Gold Prices Drop on Stronger Dollar, Weaker Euro

Gold Prices Drop on Stronger Dollar, Weaker Euro Gold prices eased on Monday, after marking a second straight weekly decline the previous week, as the U.S. dollar strengthened while the euro slipped due to political uncertainty in Germany.
Spot gold fell 0.4 percent to $1,292.40 an ounce. It dropped around 1.7 percent the week earlier.
U.S. gold futures for December delivery slipped 0.2 percent to $1,295.30 an ounce.
The euro fell in early Asian trading following Germany's election which revealed growing support for a far-right party that caused Angela Merkel to form a governing coalition. Merkel won a fourth term in office but she will have to govern with a far less stable coalition.
Holdings at the SPDR Gold Trust GLD, the world's biggest gold-backed exchange-traded fund, increased 0.45 percent to 856.08 tonnes on Friday from 852.24 tonnes the previous day.
U.S. President Donald Trump warned North Korea's foreign minister that he and leader Kim Jong Un that “he ..

Gold Prices Drop on Stronger Dollar, Weaker Euro

Gold Prices Drop on Stronger Dollar, Weaker Euro

Gold prices eased on Monday, after marking a second straight weekly decline the previous week, as the U.S. dollar strengthened while the euro slipped due to political uncertainty in Germany.

Spot gold fell 0.4 percent to $1,292.40 an ounce. It dropped around 1.7 percent the week earlier.

U.S. gold futures for December delivery slipped 0.2 percent to $1,295.30 an ounce.

The euro fell in early Asian trading following Germany's election which revealed growing support for a far-right party that caused Angela Merkel to form a governing coalition. Merkel won a fourth term in office but she will have to govern with a far less stable coalition.

Holdings at the SPDR Gold Trust GLD, the world's biggest gold-backed exchange-traded fund, increased 0.45 percent to 856.08 tonnes on Friday from 852.24 tonnes the previous day.

U.S. President Donald Trump warned North Korea's foreign minister that he and leader Kim Jong Un that “he won't be around for much longer”, as Pyongyang staged a major anti-U.S. rally.

A proposal by U.S. Republicans to repeal and replace the Obamacare health insurance program dealt with critical new setbacks within the party, when Senator Ted Cruz voiced his opposition while Senator Susan Collins expressed strong criticism of the legislation.

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MEXICO: Consumer Prices Rise 0.34% In First Half Of September

MEXICO: Consumer Prices Rise 0.34% In First Half Of September Mexico's National Consumer Price Index (INPC) increased 0.34% in the first half of September, compared to +0.31% in the same fortnight of August, said the country's statistics office. The increase was primarily due to education (+2.21%) and energy (+1.07%) prices.
On an annual comparison, the INPC rose 6.53% in the first half of September, a slight deceleration from the 6.59% annual reading recorded in the same fortnight of August.
Meanwhile, the underlying price index – which excludes from the calculation the most volatile items such as agricultural and energy prices and government-controlled tariffs – increased by 0.28% on a monthly basis and 4.90% on an annual comparison.

MEXICO: Consumer Prices Rise 0.34% In First Half Of September

mexico: consumer prices rise 0.34% in first half of september

Mexico's National Consumer Price Index (INPC) increased 0.34% in the first half of September, compared to +0.31% in the same fortnight of August, said the country's statistics office. The increase was primarily due to education (+2.21%) and energy (+1.07%) prices.

On an annual comparison, the INPC rose 6.53% in the first half of September, a slight deceleration from the 6.59% annual reading recorded in the same fortnight of August.

Meanwhile, the underlying price index – which excludes from the calculation the most volatile items such as agricultural and energy prices and government-controlled tariffs – increased by 0.28% on a monthly basis and 4.90% on an annual comparison.

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Monday morning 25 September 2017, Forex prices – early indications

Welcome to the market open of the FX week, and good forex morning, afternoon or evening to all. The forex market is just getting started at this time of the week. Market liquidity is super thin.

Welcome to the market open of the FX week, and good forex morning, afternoon or evening to all. The forex market is just getting started at this time of the week. Market liquidity is super thin.

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Ireland Factory Gate Prices Fall For Third Month

Ireland Factory Gate Prices Fall For Third Month Ireland's factory gate prices declined for the third straight month in August, figures from the Central Statistics Office showed Friday.
The manufacturing industries output price index, excluding VAT, fell 2.4 percent year-over-year in August, which was worse than the 1.1 percent decrease in July.
The annual price index for basic pharmaceutical products and pharmaceutical preparations decreased 7.0 percent and those of other manufacturing including medical and dental instruments and supplies slid by 6.0 percent.
At the same time, the price index for mining and quarrying registered a growth of 4.1 percent. Prices of energy products rose notably by 6.3 percent.
On a monthly basis, output prices dropped at a steady rate of 1.1 percent in August, marking its fifth successive decline in row.

Ireland Factory Gate Prices Fall For Third Month

ireland factory gate prices fall for third month

Ireland's factory gate prices declined for the third straight month in August, figures from the Central Statistics Office showed Friday.

The manufacturing industries output price index, excluding VAT, fell 2.4 percent year-over-year in August, which was worse than the 1.1 percent decrease in July.

The annual price index for basic pharmaceutical products and pharmaceutical preparations decreased 7.0 percent and those of other manufacturing including medical and dental instruments and supplies slid by 6.0 percent.

At the same time, the price index for mining and quarrying registered a growth of 4.1 percent. Prices of energy products rose notably by 6.3 percent.

On a monthly basis, output prices dropped at a steady rate of 1.1 percent in August, marking its fifth successive decline in row.

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Prime News: Oil Prices Rise Ahead of OPEC Meeting

Oil Prices Rise Ahead of OPEC Meeting Oil prices climbed as the market awaits whether major oil producers will extend supply reductions beyond March at a meeting in Vienna later in the day.
International benchmark Brent crude futures stood at $56.51 per barrel, higher by 0.14 percent, from their previous close.
U.S. West Texas Intermediate crude futures rose 0.24 percent at $50.67 per barrel.
The Organization of the Petroleum Exporting Countries (OPEC) and other producers are set to meet in Vienna today to discuss a possible extension of the oil supply reduction deal to increase prices.
Focus will also be on the fact whether Nigeria and Libya, who have been exempted from the reductions, will join any future cuts. The two OPEC members were invited to the meeting.
Despite the OPEC's efforts, prices have remained lower amid rising U.S. oil production.
The Energy Information Administration (EIA) recently reported that U.S. crude production hit 9.51 million bpd in the week ended..

Oil Prices Rise Ahead of OPEC Meeting

Oil Prices Rise Ahead of OPEC Meeting

Oil prices climbed as the market awaits whether major oil producers will extend supply reductions beyond March at a meeting in Vienna later in the day.

International benchmark Brent crude futures stood at $56.51 per barrel, higher by 0.14 percent, from their previous close.

U.S. West Texas Intermediate crude futures rose 0.24 percent at $50.67 per barrel.

The Organization of the Petroleum Exporting Countries (OPEC) and other producers are set to meet in Vienna today to discuss a possible extension of the oil supply reduction deal to increase prices.

Focus will also be on the fact whether Nigeria and Libya, who have been exempted from the reductions, will join any future cuts. The two OPEC members were invited to the meeting.

Despite the OPEC's efforts, prices have remained lower amid rising U.S. oil production.

The Energy Information Administration (EIA) recently reported that U.S. crude production hit 9.51 million bpd in the week ended Sept.15, higher from 8.78 million bpd the previous week.

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Slovenia Output Prices Rise At Stable Rate

Slovenia Output Prices Rise At Stable Rate Slovenia's output prices increased at a steady pace in August, figures from the Statistical Office of the Republic of Slovenia showed Thursday.
Output prices climbed 2.3 percent year-over-year in August, the same rate of increase as in July. Prices have been rising since December last year.
Prices on the domestic market grew 1.5 percent annually in August and those in the foreign market rose by 3.2 percent.
On a monthly basis, output prices remained flat in August after an increase of 0.1 percent in the preceding month.

Slovenia Output Prices Rise At Stable Rate

slovenia output prices rise at stable rate

Slovenia's output prices increased at a steady pace in August, figures from the Statistical Office of the Republic of Slovenia showed Thursday.

Output prices climbed 2.3 percent year-over-year in August, the same rate of increase as in July. Prices have been rising since December last year.

Prices on the domestic market grew 1.5 percent annually in August and those in the foreign market rose by 3.2 percent.

On a monthly basis, output prices remained flat in August after an increase of 0.1 percent in the preceding month.

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