Key News Overnight:
The US dollar rose against a basket of currencies on Monday as U.S. President Donald Trump’s authorization of the use of an emergency crude stockpile in response to drone attacks on Saudi Arabian refining facilities cooled a surge in oil prices.
European stocks closed lower Monday as investors digested an escalation of tensions in the Middle East following an attack on Saudi oil production.
Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the start of the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut in the equivalent of 5% of global supply.
A nickel mining hub in the southern Philippines, which produces mostly high-grade material, has suspended extraction operations indefinitely as the regional government conducts an industry audit, a top government official told Reuters on Monday.
Gold prices jumped 1% to US$1,497 on Monday as attacks on Saudi Arabia’s oil facilities dented risk appetite, boosting demand for the safe-haven bullion.
In This Issue:
Oil Price Rally 15% on Saudi Oil Disruption | Michael Eidne
Evolution Mining (EVN), Musgrave Minerals (MGV) | Evolution signs earn-in agreement | Analyst | James Wilson
Paringa Resources (PNL) | Heavy hitting operations executive added to team | BUY | Analyst | Matthew Keane
Triangle Energy (TEG) | Mount Horner Farmout Agreement | SPEC BUY | Analyst | Michael Eidne
Recent Research:
Atrum Coal (ATU) | Argonaut Quarterly Oil and Gas Sector Update
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