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Oil prices rise slightly after two-day drop

2 years 2 weeks ago - 2 years 2 weeks ago #39 by adminbtyas
U.S. inventory data expectations push oil price up

The price of oil rose early on Thursday after a two-day drop amid renewed tension in global markets, sparked by the recent Brexit vote. Analysts expect that this would lead to lower demand for oil. The rise of the U.S. dollar also affected oil prices and on Wednesday US light crude oil dropped 0.45 percent to 46.39 dollars a barrel after a 5-percent drop a day earlier. The price then rose to a level of 47.60 as traders expect a report that would show a decline in US crude inventories.

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2 years 2 weeks ago - 2 years 2 weeks ago #40 by adminbtyas
UK GDP may drop over 4 percent because of Brexit

Exiting the European Union could reduce the gross domestic product of Great Britain by 1.5 percent and 4.5 percent by 2019, IMF Managing Director Christine Lagarde has recently said in an interview with Le Monde. IMF Chief Economist Maurice Obstfeld has also recently reported that the economic projections for UK and the world as a whole were going to be revised.

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2 years 2 weeks ago #41 by adminbtyas
Yen jumps as investors look for safe haven

The British pound lost over 1 percent against the yen in the middle of the week before recovering some ground later in the day. This happened as investors were looking for safe-haven assets amid uncertainty and fears about the development of the global economy after the UK decided to leave the European Union. The U.S. dollar fell 1.2 percent to a level of 100.49 yen.

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1 year 5 months ago #76 by margou
The falls and rises of oil leave us very attentive. You can throw good or bad signals that will be key to having a good trade.

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