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Asia's  Iran crude  imports hit more than five-year low in November as sanctions bite by  www.expertcommodity.com Imports of Iranian  crude oil  by major buyers in Asia hit their lowest in more than five years in November as U.S. sanctions on Iran's oil exports took effect last month, government and ship-tracking data showed. China, India, Japan and South Korea last month imported about 664,800 barrels per day (bpd) from Iran, according to the data, down 12.7 percent from the same month a year earlier. South Korea cut imports to zero for a third month in November while Japan followed suit. India's November imports are down about 40 percent from October, the data showed. Click Here:  www.expertcommodity.com Asia's Iranian oil imports are set to rise from December after the United States granted eight countries waivers from sanctions against Iran's  oil exports  for 180 days. China's Iranian oil imports rebounded to close to 390,000 bpd in Nov

Gold Prices  Edge Up Amid Worries Over Economic Growth, Renewed China-U.S. Tensions by www.expertcommodity.com Gold prices  edged up on Friday in Asia as the safe-haven asset was supported by worries over economic growth and renewed China-U.S. tensions. Gold Futures  for February delivery edged up 0.13% to $1,282.95 on the Comex exchange, while the  U.S. dollar index , tracking the greenback against a basket of six currencies, weakened 0.01% to 97.38. The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.1% to 95.917. Click Here:  www.expertcommodity.com Citing three sources familiar with the matter, Experts reported that U.S. President Trump is considering to ban U.S. companies from using equipment made by China’s Huawei and ZTE (HK: 0763 ). The news came one day after Bloomberg reported that China and U.S. are set for a new round of trade talks in early January. Meanwhile, a measure of U.S. consumer confidence posted its s

Oil prices  jump, but oversupply worries persist by  www.expertcommodity.com Oil prices  jumped as much as 3 percent on Friday to win back a chunk of the ground they lost in the previous session, but growth in  U.S. crude   stockpiles and ongoing concerns about the global economy kept markets under pressure. Brent crude  was up $1.18, or 2.26 percent, at $53.34 a barrel, having earlier risen as much as 3.1 percent. It dropped 4.24 percent, or $2.31, the day before to settle at $52.16 per barrel. U.S.  West Texas Intermediate  (WTI)  crude futures , were at $45.62 a barrel, up 2.26 percent, or $1.01, after earlier rising 3.6 percent. They ended Thursday down 3.48 percent, or $1.61, at $44.61 a barrel. Click Here:  www.expertcommodity.com Oil prices  fell to their lowest in more than a year on Thursday, a day after their biggest one-day rally in two years, pulled down by worries about the global economy and a supply glut. "Global economic slowdown worries have b

Oil slips back toward 18-month lows on oversupply by www.expertcommodity.com Oil prices  fell on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market rally offered support. Brent crude oil  fell $1.67 a barrel, or 3.1 percent, to a low of $52.80 before recovering to around $53.30. U.S.  light crude oil  dropped $1.30 to $44.92 and was last 90 cents lower at $45.32. Oil prices reached multi-year highs in early October but are now approaching their lowest levels for 18 months. Both  crude oil  benchmarks have lost more than a third of their value since the beginning of October and are heading for losses of more than 20 percent in 2018. Click Here:  www.expertcommodity.com "Fear of a bear market remains in place," said Johannes Gross at Vienna-based consultancy JBC Energy. Three months ago it looked as if the global oil market

Oil prices  drop after jump the day before glut, economy concerns drag by  www.expertcommodity.com Oil fell 1 percent on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil  futures were down 68 cents, or 1.25 percent, at $53.79 a barrel. They rose 8 percent to $54.47 a barrel the day before. U.S.  West Texas Intermediate  (WTI) crude futures fell 1.21 percent to $45.66 per barrel. They jumped 8.7 percent to $46.22 per barrel in the previous session. Both crude benchmarks are down roughly 40 percent from highs touched in October. Click Here:  www.expertcommodity.com Global stocks rebounded on Wednesday after the Trump administration's attempt to shore up investor confidence and a report on strong U.S. holiday spending. Shim Hye-jin, a commodity analyst at Samsung (KS: 005930 ) Securities in Se

Click Here:  www.expertcommodity.com Symbol Expiry LTP High Low Open Close Change GOLD 05FEB2019 31555.00 31582.00 31500.00 31500.00 31559.00 -4.00 SILVER 05MAR2019 38184.00 38322.00 38164.00 38274.00 38253.00 -69.00 CRUDEOIL 18JAN2019 3253.00 3274.00 3220.00 3220.00 3214.00 +39.00 COPPER 28FEB2019 422.10 423.15 420.80 422.00 421.05 +1.05 LEAD 31DEC2018 138.95 139.50 138.00 138.00 139.05 -0.10 ZINC 31DEC2018 179.10 179.85 178.70 179.00 178.75 +0.35 NICKEL 31DEC2018 750.50 752.50 748.70 750.00 749.80 +0.70 NATURALGAS 28JAN2019 239.80 244.60 238.40 240.10 241.70 -1.90 ALUMINIUM 31DEC2018 133.40 133.65 132.70 132.70 131.45 +1.95

Oil Prices  Slip After Surging More Than 8% on Wednesday by www.expertcommodity.com Oil prices  slipped on Thursday in Asia after surging more than 8% in the previous session as markets reopened from the Christmas holiday. Crude Oil WTI Futures  for February delivery traded 1.0% lower to $46.14 a barrel on the New York Mercantile Exchange, while  Brent Oil Futures  for March delivery slipped 1.1% to $54.71 per barrel on London’s Intercontinental Exchange. Oil prices surged on Wednesday after  U.S. equities  rebounded. White House economic adviser Kevin Hassett told reporters that U.S. President Donald Trump won’t try to fire the  Federal Reserve  chairman Jerome Powell and that his job was "a hundred percent” safe. Reports that the  Organization of Petroleum Exporting Countries  and its partners would be willing to meet as needed to help manage the oil market were also cited as supporting the buying. Click Here:  www.expertcommodity.com "It looks like the

Private buyers of Iran crude had no problems exporting it: oil minister by  www.expertcommodity.com Private buyers of Iranian crude have had "no problems" exporting it, Iran's oil minister was quoted as saying on Wednesday by state news agency IRNA, despite U.S. sanctions targeting Iran's oil exports. Iran began selling  crude oil  to private companies for export in late October, just ahead of U.S. sanctions on sectors including oil which came into effect on Nov. 5. "Those who bought oil on the bourse have been able to export and there have been no problems in this regard," IRNA quoted Oil Minister Bijan Zanganeh as saying. Click Here:  www.expertcommodity.com

Gold climbs to six-month peak on waning risk appetite by www.expertcommodity.com Gold prices  hit a six-month high on Wednesday as concerns over global growth and a partial government shutdown in the United States fuelled risk aversion, prompting investors to seek refuge in the metal. Spot gold  XAU= climbed 0.4 percent to $1,273.71 per ounce. The metal hit $1,274.68 in early trade, its highest since June 20. U.S.  gold futures  GCv1 were up 0.5 percent at $1,277.6 per ounce. "We always see good demand for gold in the year-end. I would not be surprised if we see gold surpass $1,300 in the near future." Click Here:  www.expertcommodity.com Asian equities were shaky following a Christmas eve U.S. stocks plunge. Wall Street has dropped sharply in recent weeks on concerns over weaker economic growth, compounded by political instability in the United States after a partial government shutdown. The U.S. Senate has been unable to break an impasse over Trump

U.S. oil prices rebound after tumbling to lowest since June 2017 on economy fears by  www.expertcommodity.com Oil prices  were mixed in thin trading on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market in the longer term. U.S.  West Texas Intermediate  (WTI)  crude futures  ( CLc1 ), were up 29 cents, or 0.68 percent, at $42.82 per barrel, having at one point risen as high as 2 percent from the last close. They had slumped 6.7 percent in the previous session to $42.53 a barrel - the lowest since June 2017. Click Here:  www.expertcommodity.com Meanwhile Brent crude oil futures ( LCOc1 ) were down 11 cents or 0.22 percent at $50.36 a barrel, having skidded 6.2 percent in the previous session to $50.47 a barrel, the weakest since August 2017. "But market confidence needs to be restored for oil price...that include an equity market rebound an