News Oil 

Goldman Sachs says demand for oil is growing faster than forecast

“In China, a key engine for oil demand, oil consumption grew by 340,000 bpd in January and February, according to Goldman” reports etfdailynews.com. The strong demand will likely push Brent crude, the international benchmark for oil prices, above $70 per barrel.For the first quarter, Goldman expects global oil demand to grow by nearly 2 million bpd, trouncing its earlier forecast for 1.1 million bpd and driven by consumption in emerging markets. “We continue to believe that ongoing macro and oil demand concerns are overdone,” Goldman analysts said in a research…

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News 

Gold finds haven support from New Zealand terrorist attack, weaker dollar

“A weaker dollar can be supportive for commodities priced in the unit, making them cheaper to users of other currencies” writes Saefong William Watts for marketwatch.com. Among exchange-traded funds, SPDR Gold Shares GLD, +0.49%  added 0.7% to trade 0.3% higher on the week.This is particularly true for China, where gold demand has been lackluster over the past few years, as consumers have become increasingly concerned about the outlook for the economy,” Menke said.A weaker tone for the U.S. dollar is also seen as a boon for gold bulls.Gold futures climbed…

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News 

Gold finds footing on U.S.-China trade hopes, weaker dollar

“A weaker dollar can be supportive for commodities priced in the unit, making them cheaper to users of other currencies” writes Deputy Markets Editor for marketwatch.com. Gold futures moved higher early Friday, erasing a weekly loss, appearing to find support on renewed optimism over prospects for a U.S.-China trade deal and a weaker tone for the U.S. dollar.This is particularly true for China, where gold demand has been lackluster over the past few years, as consumers have become increasingly concerned about the outlook for the economy,” Menke said.A weaker tone…

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GBP News 

Commons defies PM to demand she permanently rule out no deal

“The motion says that if the Commons passes a Brexit deal by 20 March, Brexit will be delayed until the end of June” writes Benjamin Kentish for independent.co.uk. Theresa May has been told by the House of Commons to rule out a no-deal Brexit at any point, after MPs backed a plan to remove it as an option.If no deal is agreed by 20 March, however, the motion suggests that a much longer extension is likely to follow.During another evening of dramatic votes in the Commons, MPs also comprehensively rejected…

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Markets News 

Intel CPU Shortage Could Worsen in Q2 2019, Opening Path for ARM, AMD

“These shortfalls have supposedly helped fuel growth at AMD, which shared its own Q4 2018 market share figures back in February” writes Joel Hruska for extremetech.com. The typical impact of seasonality has undoubtedly ameliorated some of Intel’s issues, but any sustained drop-off in data center demand should have freed up some capacity on that front as well.Supposedly AMD has gained further market share in mobile; DR reports 15.8 percent market share in Q1 2019, with expectations of 18 percent market share by Q2 2019 before declining again as the Intel…

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Crypto News 

Client Demand for Crypto Payments Needs Cautious Response From Lawyers, Expert Says

“Referencing participants in the 18th Annual Legal Malpractice & Risk Management (LMRM) Conference, which ran from March 5-7 in Chicago, the publication noted the prevalence of cryptocurrency payments in the legal profession, stemming from client demand” writes William Suberg for cointelegraph.com. As the cryptocurrency industry and markets mature, more clients are asking to use digital assets for payment.Doing so can nonetheless yield mixed results, experts advised, with upfront bill payments differing from retainers, which remain in segregated funds for long periods. “Cryptocurrency does not fit with the model for trust…

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News Oil 

Oil prices rise on OPEC supply cuts and healthy demand

“Oil prices rose on Tuesday, lifted by output cuts led by producer group OPEC as well as healthy demand, although analysts said economic headwinds posed downside risks to crude markets” writes Morgan Brennan for cnbc.com. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.99 per barrel at 0012 GMT, up 20 cents, or 0.4 percent, from their last settlement.It added that supply cuts this year by the Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies like Russia — known as the OPEC+ alliance — aimed at…

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News 

Ana Palacio: The only way to stop fake news is to eliminate our demand for it

“Europe has led the way in developing policy responses, such as soft guidelines for industry, national legislation, and strategic communications” writes Ana Palacio for marketwatch.com. Governments, lobby groups, and other interests have long relied on disinformation as a tool of manipulation and control.Beyond introducing falsehoods into public discourse, the spread of disinformation can undermine the possibility of discourse itself, by calling into question actual facts.Early this month, the Atlantic Council organized #DisinfoWeek Europe, a series of strategic dialogues focused on the global challenge of disinformation. Source: marketwatch.com

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News 

The only way to stop fake news is to eliminate our demand for it

“Europe has led the way in developing policy responses, such as soft guidelines for industry, national legislation, and strategic communications” writes Ana Palacio for marketwatch.com. Governments, lobby groups, and other interests have long relied on disinformation as a tool of manipulation and control.Beyond introducing falsehoods into public discourse, the spread of disinformation can undermine the possibility of discourse itself, by calling into question actual facts.Early this month, the Atlantic Council organized #DisinfoWeek Europe, a series of strategic dialogues focused on the global challenge of disinformation. Source: marketwatch.com

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News Oil 

IEA sees U.S. leading global oil supply growth to 2024

“Global oil demand growth is set to ease as China slows, but will still rise by an annual average of 1.2 million bpd to 2024 when it will reach 106.4 million bpd” writes Midwest Communications Inc for 95kqds.com. Goldman Sachs has said oil demand could peak by 2024 under some circumstances.The IEA forecasts demand for OPEC crude will drop in 2020 and then rise to average 31.3 million bpd in 2023.Even so, the IEA does not expect moves such as greater adoption of electric cars to put a cap on…

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