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» LIOC.N0000 (Lanka IOC PLC)
Oil prices gain as investors eye Fed relief on interest rates EmptyToday at 1:02 pm by LSE

» Thread for News on CSE and SL Economy
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» Gota's Era
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» බැඳුම්කර වංචාවේ වෝහාරික විගණන වාර්තාව පාර්ලිමේන්තුවට
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» SAMP.N0000 (Sampath Bank PLC)
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» In the Meantime, Within Our Shores !
Oil prices gain as investors eye Fed relief on interest rates EmptyTue Jan 21, 2020 10:17 am by කිත්සිරි ද සිල්වා

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» Obituary Notice.
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» LOLC Holdings
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» SEYB.N0000 (Seylan Bank PLC)
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» Happy Birthday
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» Hayleys MGT
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» Browns Investments update
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» Tokyo Cement
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» RCL - Royal Ceramics
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» AEL Access Engineering
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» Sri Lanka central bank to develop a cost-based rate to price loans
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» Dialog Finance
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» Tourism Sector
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» Cartoon Today
Oil prices gain as investors eye Fed relief on interest rates EmptyMon Jan 06, 2020 2:41 pm by කිත්සිරි ද සිල්වා

» කොළඹ කොටස් හුවමාරුවෙහි නවතම ජංගම දුරකථන යෙදුම
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» ඉරානයට කළ ප්‍රහාරයෙන් පසු යුරෝපයේ කොටස් වෙළඳපොළ රැසක් පහළ වැටෙයි
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» VAT අදාළ නැති කට්ටිය මෙන්න. 50,000 ක ලැයිස්තුවක්
Oil prices gain as investors eye Fed relief on interest rates EmptyFri Jan 03, 2020 11:55 am by nihal123

» How to get Access to: 104 Technical trading experiments by HUNTER
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» ලංකාවේ ලොකුම සමාගම මෙන්න. දුම්කොළ සමාගම අභිබවමින් ජෝන් කීල්ස් යළිත් පෙරමුණට
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» Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
Oil prices gain as investors eye Fed relief on interest rates EmptyWed Jan 01, 2020 4:43 pm by nuwanmja

» Sri Lanka’s Cargills, Sampath, DFCC Bank says met lending rate ceilings
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» Dividend Announcement
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» Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept
Oil prices gain as investors eye Fed relief on interest rates EmptyWed Jan 01, 2020 9:29 am by The Invisible

» People’s Bank, Sampath, and DFCC face penalties
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» NDB.N0000 (National Development Bank PLC)
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» COMB.N0000 (Commercial Bank of Ceylon PLC)
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» Thought for the day...
Oil prices gain as investors eye Fed relief on interest rates EmptyThu Dec 26, 2019 3:41 pm by Topcat

» ඩොක්ටර් ඒලියන්ත වයිට්
Oil prices gain as investors eye Fed relief on interest rates EmptyThu Dec 26, 2019 9:15 am by කිත්සිරි ද සිල්වා

» Why (Happy) People Cheat?
Oil prices gain as investors eye Fed relief on interest rates EmptyWed Dec 25, 2019 8:34 pm by pjrngroup

» Who killed Cock Robin?
Oil prices gain as investors eye Fed relief on interest rates EmptyWed Dec 25, 2019 8:33 pm by pjrngroup

» 65 Ways to Make Money Online
Oil prices gain as investors eye Fed relief on interest rates EmptyTue Dec 24, 2019 9:24 am by Topcat

» සුළු හා මධ්‍ය පරිමාණ ව්‍යාපාරිකයින් ලබාගත් ණය අයකර ගැනීම අත්හිටුවන්න
Oil prices gain as investors eye Fed relief on interest rates EmptyTue Dec 24, 2019 8:50 am by Topcat

» ACL Cables
Oil prices gain as investors eye Fed relief on interest rates EmptySat Dec 21, 2019 5:34 am by NIRMALSG

» Sri Lanka to up employer EPF contribution to 15-pct, start social security fund
Oil prices gain as investors eye Fed relief on interest rates EmptyWed Dec 18, 2019 2:46 pm by The Invisible

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
Oil prices gain as investors eye Fed relief on interest rates EmptyFri Dec 13, 2019 12:37 pm by serene

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
Oil prices gain as investors eye Fed relief on interest rates EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» රතු වැටෙනකොට
Oil prices gain as investors eye Fed relief on interest rates EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
Oil prices gain as investors eye Fed relief on interest rates EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
Oil prices gain as investors eye Fed relief on interest rates EmptyTue Dec 10, 2019 5:23 pm by Backstage

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Oil prices gain as investors eye Fed relief on interest rates

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Oil prices gain as investors eye Fed relief on interest rates Empty Oil prices gain as investors eye Fed relief on interest rates

Post by The Invisible on Fri Nov 30, 2018 9:41 am

AFP - Oil prices gained Thursday after the US benchmark slid below $50 a barrel following reports Russia could join a production cut at next month's OPEC meeting.

The gains in petroleum prices came on a mixed day for global stocks as traders worldwide weighed Federal Reserve comments that were widely seen as dovish on monetary policy.

Robust petroleum supply and a weakening global economic outlook have weighed on oil prices since early October, pushing US benchmark West Texas Intermediate below $50 a barrel for the first time in more than a year.

But oil prices reversed following reports that Russia could join Saudi Arabia and other producers in cutting output at a December 6 Vienna meeting to defend prices.

Still, analysts view oil prices as vulnerable, with some skeptical that action from OPEC will be substantial enough to boost prices.

"The oil market is clearly not 100 percent convinced that the OPEC+ will cut supplies next week but the pressure is certainly building as prices continue to fall amid ongoing concerns over excessive supply and lower demand growth," Forex.com analyst Fawad Razaqzada told AFP.

European stocks finished mostly higher as investors took a speech by Federal Reserve Chairman Jerome Powell to mean the central bank might not raise interest rates much higher, a shift from earlier statements seen as more hawkish.

Fed minutes released Thursday showed the US central bank still expected to hike rates again in December.

But policymakers may be divided over what to do after that, with some worried that raising rates after December could "unduly slow" the American economy, just as signs of vulnerability are beginning to gather, the minutes showed.

US stocks finished modestly lower, ending a three-day winning streak.

Investors meanwhile remained wary ahead of the weekend's crunch trade talks between US President Donald Trump and China counterpart Xi Jinping at the G20 summit in Buenos Aires.

Among individual stocks, Deutsche Bank dropped 3.4 percent after German prosecutors raided several bank offices in Frankfurt over suspicions of money laundering based on revelations from the 2016 "Panama Papers" data leak.

Another big German company, Bayer, shed 0.7 percent following an announcement it will slash 12,000 jobs in a major restructuring following the mammoth takeover of Monsanto, enabling it to save 2.6 billion euros ($3 billion) a year from 2022.

- Key figures around 2140 GMT -

New York - Dow Jones: DOWN 0.1 percent at 25,338.84 (close)

New York - S&P 500: DOWN 0.2 percent at 2,737.80 (close)

New York - Nasdaq: DOWN 0.3 percent at 7,273.08 (close)

London - FTSE 100: UP 0.5 percent at 7,038.95 (close)

Frankfurt - DAX 30: FLAT at 11,298.23 (close)

Paris - CAC 40: UP 0.5 percent at 5,006.25 (close)

EURO STOXX 50: UP 0.2 percent at 3,174.16 (close)

Tokyo - Nikkei 225: UP 0.4 percent at 22,262.60 (close)

Hong Kong - Hang Seng: DOWN 0.9 percent at 26,451.03 (close)

Shanghai - Composite: DOWN 1.3 percent at 2,567.44 (close)

Pound/dollar: DOWN at $1.2783 from $1.2825 at 2200 GMT

Euro/pound: UP at 89.01 pence from 88.63 pence

Euro/dollar: UP at $1.1387 from $1.1366

Dollar/yen: DOWN at 113.45 yen from 113.68

Oil - West Texas Intermediate: UP $1.16 at $51.45 per barrel

Oil - Brent Crude: UP 75 cents at $59.51 per barrel
The Invisible
The Invisible

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