Saudi Arabia doesn’t yet plan production above its assigned OPEC quota of 10.311mbpd
Saudi King Reportedly Emphasises Drive Towards Ensuring Stability In Oil Markets
Market Reports
Gold Eases as Strong Equities Check Support From Iran Sanctions
Gold edged lower on Tuesday as strong equities provided a risk-conducive backdrop for investors, countering support from Washington’s move to end waivers on Iranian oil sanctions.
Spot Gold Blast – Gold Near 3 Week High – Happy Holi – Bura Na Mano Holi Hai.
Spot gold gained 0.3 percent at $1,316 per ounce as of 0114 GMT, after touching its highest since Feb. 28 at $1,319 in the previous session.
Gold Hovers Near 10-month Peak Amid Steady Dollar After Fed Minutes
Gold prices were firm near a 10-month peak on Thursday, with the dollar holding steady in the wake of minutes from the latest U.S. Federal Reserve meeting that rekindled expectations of a possible rate hike later in the year.
Crude Oil Kiss 3 Month High on OPEC Cuts
Gold Silver Reports (GSR) – Crude Oil prices rose to their highest levels since November last year on Monday, lifted by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela.
Crude Oil prices Rise on OPEC Output Cuts, as U.S. Sanctions Bite
Gold Silver Reports (GSR) – The ongoing closure of parts of the Keystone pipeline that brings Canadian oil into the United States also helped prop up WTI, traders said.
SPDR Gold Holdings Have Fallen over 1 percent for the Week – Gold Silver Reports
Gold Silver Reports (GSR ) – Spot gold was steady at $1,313.4 per ounce, as of 10 a.m. ET, after hitting its lowest since Jan. 29 at $1,302.11 on Thursday.