U.S. could become world’s biggest oil producer in 2018 – OIL STARES THE $75.

The United States could soon be pumping more oil than any country on earth.

The International Energy Agency said Friday that “explosive” increases in U.S. oil output would push the country ahead of Saudi Arabia this year and put it in a position to challenge top producer Russia. “This year promises to be a record-setting one for the U.S.,” the IEA said. “Relentless growth should see the U.S. hit historic highs.” Read More @ http://money.cnn.com/2018/01/19/investing/us-biggest-crude-oil-producer-iea/index.html?section=money_markets&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_markets+%28CNNMoney%3A+Markets%29

GOLD IS PREPARING FOR A NEW HIGH – 1380 AS US GOVERNMENT SHUTDOWN IN PROGRESS

Gold prices rose slightly on Friday as the U.S. dollar hovered near a three-year low on heightened fears of a U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six weeks.

The U.S. dollar fell versus a basket of currencies as the U.S. Senate raced to avert a government shutdown on Friday ahead of a midnight deadline with no agreement on funding in sight. A weak dollar makes dollar-priced gold cheaper for non-U.S. investors. Spot gold was up 0.5 percent at $1,334.58 per ounce at 2:06 p.m. EST (1906 GMT), on track for a weekly drop of 0.3 percent, after falling from Monday’s four-month highs. Read More @ http://www.kitco.com/news/2018-01-19/PRECIOUS-Gold-up-dollar-shaken-by-U-S-government-shutdown-fears.html

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