|Day's range||62.85 - 63.77|
At the end of the session on Saturday with negotiations going nowhere, it’s starting to look like the shutdown could last well into next week.
The direction of the gold market this week is likely to be determined by the movement in U.S. Treasury yields and the U.S. Dollar.
On Friday, the International Energy Agency (IEA) reported both bullish and bearish information in its monthly report, but the bearish news outweighed the bullish news.
Rapidly rising shale production has not only reversed decades of decline but positions the country to become the top oil producer this year.
Kazakhstan committed to cutting production by 20,000 bpd as part of the OPEC / NOPEC deal, sadly the country has been the least compliant of all participating nations
Oil prices retreated somewhat this week, falling from 2.5-year highs as analysts grew more concerned about U.S. production growth
In 2017, Norway's oil yield rose for the fourth consecutive year. However, this is highly dependent on larger finds, as explorers continue to reduce spending.
The surge in oil prices has made it difficult for European Refineries to pay their crude bills as margins decline and demand softens for some of their products
Oil prices rebounded slightly on Thursday morning after the EIA reported yet another strong draw in crude oil inventories