Crude Oil MCX

Crude Oil Imports may be Cut as Price Forecast Put at $100 a Barrel

With Brent crude already jumping to an almost four-year high on Monday, that’s exactly the kind of price surge President Donald Trump has been seeking to prevent by pressuring the Organization of Petroleum Exporting Countries to raise production. Yet the cartel and its allies gave mixed signals at a meeting in Algiers on Sunday, ultimately showing little sign they would heed U.S. demands to rapidly push down crude prices.

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Trump, Kim Express Optimism on Path to Peace as Summit Kicks Off – Donald Trump-Kim Jong Un Summit In Singapore

Gold Silver Reports (GSR) – President Donald Trump and Kim Jong Un expressed optimism that the U.S. and North Korea could find a path toward peace, opening a highly anticipated summit between two adversaries that only last year had seemed on the brink of nuclear war. “I believe this is a good prelude for peace,” Kim said as the two men sat accompanied by top aides an hour into their meetings in Singapore. Trump responded by saying “I do, too.” Looking Kim in the eye, he said “we will solve it, we will be successful.”

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Chris Anstey Managing Editor, Asia Cross-Asset Markets – Donald Trump-Kim Jong Un Summit In Singapore

Gold Silver Reports (GSR) – Chris Anstey Managing Editor, Asia Cross-Asset Markets – Another potential implication is if these talks result in North Korea releasing people Japan says were abducted from its shores over the decades. It’s an emotive issue in Japan, and Prime Minister Abe has repeatedly pressed Trump to push on this. A release of abducted Japanese could help Abe, who’s been struggling in the polls. He faces a leadership contest in the ruling party in September.

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