Oil price risks shift to upside

Oil traders no longer expect the market to be over-supplied this year, amid optimism a full-blown U.S.-China trade war will be averted, and oil production growth will slow thanks to OPEC cuts and sanctions on Venezuela.

Gold: $1315 gains market focus amid global political uncertainty

Gold prices remain a shade lower to the $1313 ahead of the London market opens on Friday. The bullion increased Thursday as doubts over Brexit as well as a trade accord between the US and China joined hands with weaker US retail sales.

Dollar Pushes Higher Again on Sagging Growth, Rising Uncertainty

The dollar was edging higher against major European currencies early Friday in Europe after weak Chinese inflation data overnight reinforced concerns about global growth.

Eurozone chemicals output will falter under no-deal Brexit

The eurozone's chemicals and pharmaceutical industry's output would fall by 0.3 percentage points below initial forecasts by the end of 2020 in the case of a no-deal Brexit, according to a study by analysts at Oxford Economics.

Brent oil slips from 2019-high as economic woes counter OPEC-led cuts

Brent crude oil prices slipped away from 2019 highs above $65 per barrel reached earlier on Friday, as economic concerns countered OPEC-led supply cuts and a partial shutdown of Saudi Arabia’s biggest offshore oil field.

China's imports from US shrank by record 41% in January

The tit-for-tat tariffs imposed by the U.S. and China drastically undercut trade between the two countries in January, resulting in the largest drop-off in Chinese imports of American goods in recorded history.

Southeast Asia BG market under pressure on ample supply

Southeast Asia’s butyl glycol (BG) spot prices will likely remain under pressure from ample supply in the near term.
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