Oil climbs on US stockpiles draw

Note: This section contains information in English only.
Source: Reuters
Prices for oil jumped on Thursday amid another fall in the US crude stocks and the devaluation of the Yuan. Futures for WTI rose 0.67% to $43.59 per barrel, while futures for Brent grew 1% to $50.69 per barrel. Meanwhile the EIA lifted its projection concerning global oil demand for this year, however analysts say that China's currency devaluation could dent demand for crude in the world's second biggest economy. 
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Thu, 13 Aug 2015 08:39:05 GMT

Gold edges lower on firm US Dollar

The yellow metal slipped on Thursday as the US Dollar firmed. However, the bullion managed to stay near a three-week high as the devalued Yuan raised concerns over the pace of anticipated rate hikes in the US. The prices for gold dropped 0.49% to $1,117.70 by 07:55 AM GMT. Analysts say that if the Fed's takes more cautious approach to

Thu, 13 Aug 2015 07:54:22 GMT

China devalues Yuan for third day in a row

The PBoC devalued the national currency against the Greenback for the third consecutive day on Thursday, trying to align the Yuan's value to its offshore trading value. The central bank of China set the USD/CNY up 1.1% at 6.4010. Moreover, Chinese authorities intend to flood the money market with 40 billion Yuan on Thursday. Meanwhile, analysts anticipate further depreciation of

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