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Stiff new  U.S. sanctions  against Russia would only have a limited impact on its oil industry because it has drastically reduced its reliance on Western funding and  foreign partnerships  and is lessening its dependence on imported technology. www.mcxgoldstar.com 8859917191 7249938989

Oil prices on Thursday clawed back some of the previous day's losses after Beijing said it would send a delegation to Washington to try to resolve a trade dispute between the United States and China that has roiled global markets. www.mcxgoldstar.com 8859917191 7249938989

Oil prices  were mixed on Thursday as data from the Energy Informational Administration (EIA) showed the   U.S. crude inventory  level unexpectedly hiked by 6.8 million barrels in the week ending Aug 10. Analysts previously  forecasted  stockpiles would fall by 2.5 million barrels. www.mcxgoldstar.com 9719002865 7249938989

A respite for the hard-hit Turkish lira was accompanied by a small gain for gold futures early Tuesday, as the U.S. dollar gave back some of its recent gains. December gold futures   GCZ8,  +0.29%   rose $2.90, or 0.2%, to $1,201.80 an ounce, while September silver  SIU8,  +0.45%   was up 4.3 cents, or 0.3%, to $15.025 an ounce. www.mcxgoldstar.com 7249938989 8859917191 Gold ended at a roughly 1 1/2-year low and below the psychologically important $1,200 level on Monday as Turkey’s currency crisis saw investors continue to seek safety in the U.S. dollar. The greenback’s strength, meanwhile, trumped the haven appeal of the yellow metal. A stronger dollar can be a negative for commodities priced in the currency, making them more expensive in other currency terms. “There is a demand for profit-taking in the markets after powerful movements at the end of last week and a very aggressive trading start of the week,” wrote analysts at FxPro, in...

Oil prices rose on Tuesday after reports revealed that top exporter Saudi Arabia cut production one month after it agreed the Organization of the Petroleum Exporting Countries (OPEC) to produce more crude. Meanwhile, OPEC remains positive on overall demand. www.mcxgoldstar.com 7249938989 8859917191 Brent Oil Futures   for October delivery went up 0.30% to $72.83 per barrel at 1:00AM ET (05:00 GMT), while  Crude Oil WTI Futures  for September delivery also edged upwards by 0.45% to $67.50 per barrel. In the latest OPEC report, the group revised its estimate for oil-demand growth next year to be lower and confirmed that Saudi Arabia had cut production last month. In the report, OPEC estimates the global oil demand growth for 2019 to be 1.4 million bpd, revised lower by 20,000 barrels per day (bpd). Non-OPEC oil supply in 2019, on the other hand, was revised higher by 30,000 bpd to 2.13 million bpd. OPEC production for July rose 41,000 bpd to 32.32 million b...