Oil Slides as Venezuela Sees Mid-$20 Crude If OPEC Doesn't Act

Oil extended its decline as Venezuela predicted prices may drop as low as the mid-$20s a barrel unless the Organization of Petroleum Exporting Countries takes action to stabilize the market. January futures fell as much as 1.1 percent in New York after front-month prices slid 0.9 percent last week. Saudi Arabia and Qatar are considering Venezuela’s proposal for an equilibrium price of $88 a barrel, Venezuelan Oil Minister Eulogio Del...

Gold Declines as Fed Williams Spurs Rate Increase Speculation

Gold fell to extend five weeks of losses after John Williams, president of the Federal Reserve Bank of San Francisco, said that there was a strong case for a December rate rise should economic data hold up. Bullion for immediate delivery retreated as much as 0.4 percent to $1,074.11 an ounce and traded at $1,075.27 at 8:45 a.m. in Singapore, according to Bloomberg generic pricing. Prices lost 0.5 percent last week after dropping on Nov....

Produsen Komoditi Asia Jatuh Dengan Saham Konsumen Naik

Saham komoditas Asia menurun sementara saham konsumen naik, meninggalkan indeks ekuitas regional sedikit berubah setelah reli pekan lalu. Pasar di Korea Selatan dan Australia naik tipis sementara pasar di Jepang ditutup untuk liburan. MSCI Asia Pasifik kecuali Indeks Jepang sedikit berubah di level 420,55 pada pukul 08:26 pagi waktu Hong Kong, sebelum pasar Cina dibuka, setelah naik 2,4 persen minggu lalu. Dengan suku bunga berjangka...