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Oil prices rise on partial outage in Saudi oilfield

Benchmark futures contracts for crude traded higher on Friday. Brent touched $65.1 per barrel at the start of the session, its highest mark since November 20, underpinned by cuts in production among the members of the Organization of the Petroleum Exporting Countries, namely Saudi Arabia, the United Arab Emirates and Kuwait.

The latest catalyst for rising prices was a partial shutdown in Safaniyah, which normally extracts more than one million barrels per day. There is little detail about the disruption in Saudi Arabia's offshore oilfield. The country said it would take output lower to 9.8 million barrels per day, compared to the quota of 10.31 million from OPEC's pact with the group of producers led by Russia. Venezuela and Iran are struggling to maintain volumes under the burden of sanctions imposed by the United States.

West Texas Intermediate for delivery next month rose 0.29% at 8:02 am CET to $54.57 per barrel after touching $54.9, the highest mark in ten days. Brent oil for shipment in April was 0.43% up at $64.85 for one barrel.

Breaking the News / IT

+ 0.13% + $1.71 $1314.34

High of the day $1314.70

Côte d'Ivoire... even'

Hard to beat a bit of excitement..

Happy Friday ya’ll

http://otp.investis.com/clients/uk/centamin_plc/rns/regulatory-story.aspx?cid=1756&newsid=1233797

Strange that ASOS was as much a feature in the FT article as BOO yet ASOS ended today + 0.21%

+ 0.55% +$7.92 $1313.70

High of the day ‘1313.81

+ 0.43% + $5.81 $1311.68

High of the day $1312.69

Oil trades in the green on OPEC cuts, trade deal hopes

Crude prices continued to trade in the green on Thursday, extending gains from the previous two sessions as investment incentives were boosted by the Organization of the Petroleum Exporting Countries (OPEC) compliance with the output cut deal and the reduced levels of oil production. Meanwhile, market watchers remained generally optimistic amid hopes that Washington and Beijing will manage to reach a trade deal.

The demand for oil also remained healthy, which additionally increased investments in the crude market. However, the rise in the US crude stockpiles for last week slightly offset some of the gains for the American benchmark West Texas Intermediate.

WTI for settlements in March added 0.09%, changing hands for $53.92 per barrel at 5:44 pm CET while the international benchmark Brent for April delivery rose 0.72% to trade for $64.02 per barrel at 5:45 pm CET.

Breaking the News / VK

There’s a piece about Merrill Lynch regrading of ASOS and Boo yesterday as this happened yesterday I believe the pps will recover as the day goes on.
Ya can’t hang him twice.. or maybe you can.

Europe mixed in premarket as US-China talks resume

European stocks were mixed in Thursday's premarket trading as high-level talks aimed at resolving the trade dispute between the United States and China continue today in Beijing. US President Donald Trump said yesterday that the deal between the two countries is "going really well," while it was reported that the US president is thinking about extending the deadline for imposing new tariffs on Chinese goods by 60 days.

On the earnings front, a number of major European companies reported their results earlier today, including Airbus, Credit Agricole, Commerzbank, Nestle, Credit Suisse and Renault.

The FTSE 100 was 0.14% lower in premarket, while the DAX added 0.27% at the same time. Meanwhile, the CAC 40 gained 0.33% before the opening bell. The euro was 0.15% higher against the dollar to sell for 1.1283, while the pound increased by 0.16% versus the greenback to change hands for 1.2868 at the same time.

Breaking the News / FH

+ 0.15% + $2.01 currently $1307.94

High of the day $1309.44

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CEY&ArticleCode=wqp5024t&ArticleHeadline=Site_Visit

Europe higher premarket ahead of economic data

Stock markets in Europe were higher in premarket trade as investors awaited a fresh batch of economic data, with the United Kingdom expected to publish January inflation and output producer price readings, and the Eurozone scheduled to release its industrial production figures. Meanwhile, Brexit remains a point of concern for market watchers as the British Chambers of Commerce warned the UK government that its failure to provide clear and precise answers regarding the Brexit process is causing damage to businesses and the wider economy.

The DAX jumped 0.81% at 8:03 am CET, the CAC 40 rose 0.48%, while the FTSE 100 gained 0.55% at the same time. The euro traded flat against the US dollar, buying 1.1333 at 8:04 am CET, while losing 0.12% against the British pound, to go for 0.8775 at 8:05 am CET.

Breaking the News / GG

+ 0.20% + $2.56 $1313.54

High of the day $1314.32

Crude trades 2% higher after OPEC cuts output

Oil prices traded in the green on Tuesday, extending gains from earlier in the session as investors digested the most recent Organization of the Petroleum Exporting Countries (OPEC) monthly report that showed the organization cut its output by 797,000 barrels per day with Saudi Arabia capping its production by 350,000 barrels per day to 10.21 million, followed by the United Arab Emirates and Kuwait, reducing the volume by 236,000 together.

Meanwhile, the increase in crude prices was also boosted by hopes the United States and China will reach a trade agreement as the two countries continued the latest round of negotiations in Beijing, as well as by the impact of the US sanctions against Iran and Venezuela.

West Texas Intermediate for March gained 2.29%, changing hands for $53.59 per barrel at 2:54 pm CET while the international benchmark Brent for settlements in April rose 2.11% to trade for $62.79 per barrel at 2:55 pm CET.

Breaking the News / VK

European stocks rise in premarket trading

European stocks were higher in Tuesday's premarket trading after United States lawmakers managed to reach a deal "in principle" to avoid another government shutdown on Friday. The bipartisan agreement will reportedly allocate around $1.4 billion for roughly 80 kilometers of new border barriers, while also removing detention bed limits for Immigrations and Customs Enforcement previously demanded by the Democrats.

Regarding Brexit, no new breakthrough was reached at a meeting between chief Brexit negotiator Michel Barnier and United Kingdom's Brexit Secretary Steven Barclay. Meanwhile, British Prime Minister Theresa May will update the country's lawmakers later today on the latest developments surrounding the country's exit from the European Union.

The FTSE 100 was 0.29% higher at 8:01 am CET, while the DAX gained 0.77% at the same time. Meanwhile, the CAC 40 increased by 0.57% before the opening bell. The euro was slightly higher against the dollar, adding 0.05% to sell for 1.1283 at 8:04 am CET. The pound was little changed versus the greenback to go for 1.2865 at the same time.

Breaking the News / FH

+ 0.29% + $3.70 1312.13

High of the day 1312.17

Precious metals trade in red as stocks bounce

The spot price of gold declined on Monday as investors favored stocks upon the return of China's exchanges online. Trading was halted in the most populous nation for the whole week due to the Lunar New Year. Equities in Shanghai and Shenzhen jumped on the first day, which made risk appetite spread and safe haven assets sold out. Benchmark government debt, precious metals, the yen and the Swiss franc all headed lower, but the dollar gained with uncertainty surrounding the trade talks between China and the United States and the border security spending dispute in Washington.

Gold was 0.54% lower at 12:23 pm CET, selling for $1,307.6 per ounce and testing the $1,300 mark, which it topped on January 28. Silver fell 0.65% to $15.73 for one troy ounce.

Platinum, which is used in manufacturing, tumbled 1.08% to $792.22 per ounce after dipping to $788.3, the lowest mark in three weeks. Its sister metal palladium lost 0.32% to $1,394.26 per ounce. Industrial production in the Eurozone has declined and exports suffered.

Breaking the News / IT

Europe higher premarket ahead of trade talks restart

Stock markets in Europe traded higher in premarket on Monday, recovering from Fridays' session when all major European indices finished in the red. US-China trade talks, set to resume in Beijing today at the deputy level, remain one of traders' biggest concerns. Brexit continues to be a source of insecurity too, as the United Kingdom's Prime Minister Theresa May has reportedly been planning to vow to give Parliament another say about what to do in the process of leaving the European Union. On the data front, market watchers are likely to look at UK's manufacturing and industrial production figures set to be released later in the day.

The German DAX was up 0.38% in premarket, the CAC 40 advanced 0.52%, while the FTSE 100 climbed 0.53% at 7:58 am CET. The euro traded flat against the US dollar, buying 1.1326 at 7:59 am CET.

Breaking the News / GG

- 0.25% - 3.19 $1311.48

High of the day $1314.92