Gold Silver Reports (GSR) – U.S. May Become World’s Top Oil Exporter Next Year ; Citi Says — The U.S. looks likely to overtake Saudi Arabia to become the world’s biggest oil exporter next year, according to Citigroup Inc. With American production surging to unprecedented levels as OPEC continues curbing output, the U.S. is on course to be the top exporter of crude and oil products in 2019, Citigroup said in an April 25 note.
Citigroup
Stocks in Asia Looked Set to Fall After a Decline in U.S. Equities
Gold Silver Reports (GSR) – Stocks in Asia Looked Set to Fall After a Decline in U.S. Equities — Futures on equities in Japan and Australia fell, while those in Hong Kong nudged higher. Chinese equity markets are due to reopen after a holiday, with traders getting their first chance to react to President Donald Trump’s order for a review of additional tariffs that prompted an aggressive response from China. While Friday’s selloff left U.S. stocks teetering on a key support level, futures on the S&P 500 Index climbed in early trading.
Asia Stocks Mixed on New Trade Move
Gold Silver Reports (GSR) – Japanese shares fluctuated, while South Korean equities drifted. Futures on the S&P 500 Index declined following three days of gains for the underlying cash index that were driven in part by comments from White House officials indicating talks were in the offing between the world’s top two economies. Chinese markets are shut for a holiday. Crude oil prices dropped and gold rose. Treasuries recovered from recent losses.
Silver may Fall on Citigroup’s Forecast
Gold Silver Reports – Silver headed for a fourth straight decline, the longest slump in more than eight months, as Citigroup said investor demand for the metal may sputter in the second half of the year. Funds boosted their net-long positions on silver futures and options to a record as …