Gold scores a pop from historic oil outage

2019-09-16

Gold futures headed solidly higher on Monday after an attack on Saudi Arabian oil production sent oil prices skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold GCZ19, +0.66%  on Comex gained $9.70, or 0.7%, to $1,509.20 an ounce, after registering on Friday a weeklyRead More →

OPEC considers two scenarios to adjust oil production

2019-05-18

JEDDAH, Saudi Arabia—The Organization of the Petroleum Exporting Countries and its allies are set to debate at least two scenarios that would increase oil production beyond current levels, according to people familiar with the discussions. If the group ultimately chooses to increase production, there’s a hitch: The cartel’s internal simulationsRead More →

Asian markets slip as oil prices surge

2019-04-22

Asian markets were largely down in early trading Tuesday as oil prices surged to nearly six-month highs after the U.S. said it would soon impose sanctions on all buyers of Iranian oil. Japan’s Nikkei NIK, -0.04%   was off 0.2%, while Hong Kong’s Hang Seng Index HSI, -0.08%   wasRead More →