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S&P500
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NASDAQ
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NYSE
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MMM
200.67
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AXP
77.46
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T
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BA
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V
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Hot news around the world

Crude oil has had a very rough 2016 which has seen it given up huge gains. But, economic analysists believe the commodity’s 2016 trading year has actually not been as bad as expected. After all, the 2014 trading year even showed more disastrous sides than 2016 causing investors to believe that this year has not been so bad. To understand why this is the stance of economic...

Today, oil prices lost again by over 3 % due to a major setback in the OPEC deal. Some OPEC member countries had struggled to reach a consensus over how much production they should cut. There were long talks about the cut in production, but no positive result emerged as the major member countries failed to reach a deal. The cut in production is aimed at boosting the price...

Libya has expressly indicated that it will not take part in the forthcoming OPEC meeting and subsequently will not be part of the oil production cut deals. Speaking on behalf of the country was the National Oil Corporation representative and Chairman of the corporation, Mustafa Sanalla. This move follows the country’s zeal to restore its economy to the pre-conflict era....

Gold registered a shocking drop closing the trading session “psychologically” below the $1, 168 mark as the strong dollar continues to push the commodity further down. Since the February, the commodity has not reached levels as low as $1, 168. But experts believe that the precious metal is likely to fall below $1, 168, results which have not been seen since the beginning...

The highly anticipated OPEC deal is in the spotlight again. This time around, it has triggered a drop in oil prices contrary to what experts had forecasted. There is already a lot of talk about the forthcoming OPEC deal meeting in which major oil producers are expected to enter into a ground breaking deal. According to the representative of the organisation, the deal is...

News suggesting that production of crude oil is set to be cut in the near future has fuelled an immediate rise in oil prices. During the course of last week, the crude oil prices surged higher as OPEC announced a possible cut in production. The organisation of oil producing countries appears certain about a possible cut in production, which had sent oil prices tumbling...

The long term demand and supply forecasts of International Energy Agency remains unchanged regardless of the Paris Climate Change Agreement of 2015 coming into effect. This followed their expressed expectations stating that the oil consumption of the world will not peak any time sooner before the year 2040. The Paris treaty aimed at slashing down detrimental emissions...

Japanese bond -There has been a boost in the yield with a global sell off in government bonds. This has occurred following Trump’s victory in US Presidential elections. The ten-year bond yield rose for the first time in two months amidst conjectures that investors would be drawn to higher payment treasuries following Trump’s win. Japan has now joined the global trend...

Dispute between Saudi Arabia and Iran surfaced again during an OPEC meeting last week. Riyadh said that Saudi Arabia will increase the output of oil steeply to further reduce the prices if Iran doesn’t reduce its supply. Time and again, both these heavyweights of OPEC have clashed and the clashes have become very frequent because of the proxy wars happening in Yemen...

Oil prices rebound – On Monday, the price of oil futures increased by as much as 1% after OPEC promised that there will definitely be a cut in oil production. However, the prices continue to trade about $7 below than the high which oil futures made last month as a large number of investors and experts are still doubtful about the feasibility of this oil cut agreement. Current...