Crude Oil Archives - The Industry Spread

Crude Oil Consolidates, Bitcoin Below the 8,000 mark

September 27, 2019

Asian indices finished lower today as political turbulence in Washington weighs on global equities. The US and China are planning to restart negotiations in early October. Crude oil price stabilizes after the drone attack on Saudi Arabia oil facilities which is expected to cut 5% of the worlds oil supply. Nikkei benchmark in Tokyo trading 1.34% lower at 21,757. The Hang Seng trading 0.27 per cent lower at 25,973, the Shanghai Composite trading 0.01 per cent lower to 2,928, while in Singapore the FTSE Straits Times index finished 0,33 per cent lower at 3,115. The ASX 200 in Australia trading 0.37% higher at 6,702.

Crude Oil Down after Yesterday’s Spike, AUDUSD Retreats

September 17, 2019

Asian indices finished mixed today as the oil price retreats from yesterday’s high after the drone attack in Saudi Arabia oil facilities will cut 5% of the world oil supply. The Hang Seng is trading 1.14 per cent lower at 26,817, the Shanghai Composite is trading 1.14 per cent lower to 2,996, while in Singapore, the FTSE Straits Times index finished 0.51 per cent lower at 3,187. The ASX 200 in Australia is trading 0.15% higher at 6,663.

Crude Oil Breaks Below $77, AUDUSD Higher on Better Trade Balance

July 3, 2019

Asian indices finished lower today as investors turn cautious after the U.S. agreed last weekend to halt additional tariffs on China and to start the negotiations again. The Nikkei225 finished 0.53 percent lower at 21,638; the Hang Seng slipped 0.07 percent at 28,855. The Shanghai Composite finished 0.94 percent lower to 3,015, while in Singapore, the FTSE Straits Times index finished 0.12 percent lower to 3,366. Australian equities rose for a third consecutive day with the ASX200 inching 0.50 percent higher at 6,685.