Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided. August West Texas Intermediate crude rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange, after sliding 3.1% on Thursday to hit the lowest level for a front-month contract since June 30, according to Dow Jones Market Data. Global benchmark...

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Oil rose as industry data showed a decline in American crude inventories, countering speculation the ouster of U.S. National Security Adviser John Bolton may lead to a less hawkish approach to Iran and Venezuela. Futures climbed as much as 1% in New York, rising after the first in drop five sessions. The American Petroleum Institute reported crude inventories shrank by 7.23...

Oil futures ended lower Tuesday, as traders bet that the departure of U.S. National Security Adviser John Bolton will ease tensions with Iran, potentially leading to the lifting of sanctions, which could put more oil on the market. Meanwhile, in a monthly report, the Energy Information Administration significantly cut its U.S. and global benchmark crude-price for this year in next, contributing...

Gold futures fell on Tuesday to settle under the psychologically significant $1,500-an-ounce mark, their lowest in five weeks, as a continued rebound by bond yields dulled the metal's appeal. Gold for December delivery on Comex declined by $11.90, or 0.8%, to settle at $1,499.20 an ounce. That was the first settlement under $1,500, and lowest finish for a most-active contract, since Aug. 6,...

Sterling was stable on Tuesday as investors kept their hands off the British currency given that the risk of Britain crashing out of the European Union without a divorce deal on Oct. 31 remained high. The probability of a no-deal Brexit was still very much a concern for traders as Prime Minister Boris Johnson reiterated that he will take the country out of the bloc on deadline. Even though the...

Gold futures lost ground Tuesday, extending their September pullback, to trade below the psychologically significant $1,500-an-ounce level as a continued rebound by bond yields dulled the metals appeal. Gold for December delivery on Comex was off $11.30, or 0.7%, to trade at $1,499.80 an ounce, with the most-active contract slipping back below $1,500 for the first time since Aug. 12,...

Oil futures rose slightly on Tuesday to their highest levels in almost six weeks on optimism that OPEC and other producing countries may agree to extend output cuts to support prices. Brent was up 7 cents at $62.66 a barrel by 0840 GMT, while U.S. West Texas Intermediate (WTI) futures were up 15 cents, or 0.6%, at $58.17 a barrel. Brent earlier hit its highest level since Aug. 1, while U.S....

The yen slid to a five-week low against the dollar on Tuesday, while the British pound was hovering near one-and-a-half month highs amid diminishing chances of a no-deal Brexit and cautious hopes of a trade war breakthrough. By 03:32 AM ET (07:32 GMT) the dollar ticked up 0.1% to 107.31 yen. Sterling was holding just below a six week peak at 1.2331 after Britain's parliament voted, as...

Oil futures hit a six-week high on Tuesday, rising for a fifth day on optimism that OPEC and other countries may agree to extend production cuts in a bid to support prices. Brent (LCOc1) was up 26 cents, or 0.4%, at $62.85 a barrel by 03:49 GMT, while U.S. crude (CLc1) was 27 cents, or 0.5%, higher at $58.12 a barrel. Brent touched its highest since Aug. 1, while U.S. crude rose to the highest...

PRECIOUS METALS
Gold futures end lower for the session, but tally a 5th straight weekly gain
Saturday, 11 July 2020 01:11 WIB Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week,...
ENERGY
Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk
Saturday, 11 July 2020 02:40 WIB Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from...
CURRENCIES
Yen Rises on Renewed Surge In Virus Cases; Dollar Index Falls
Friday, 10 July 2020 23:28 WIB The safe-haven Japanese yen climbed to a two-week peak against the dollar on Friday, lifted by concerns about a surge in coronavirus infections in...

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