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 prices edged higher on Friday, with crude benchmarks poised for multi-week gains amid a sharp drawdown in U.S. crude inventories, while trade tensions eased after Washington and Beijing agreed to hold high-level talks next month. Brent crude was up 17 cents, or 0.3%, at $61.12 a barrel by 0408 GMT, while U.S. West Texas Intermediate (WTI) crude was up 16 cents, or 0.3%, at $56.46 a...

The U.S. dollar was marginally higher Friday morning in Asia following a surprise increase in payrolls in the U.S. and positive signs in the trade negotiations between the U.S. and China. The US Dollar Index that tracks the greenback against a basket of currencies was up 0.02% to 98.44 by 10:01 PM ET (02:01 GMT).¯ After a difficult weekend that saw tariffs take effect both in China and the...

Gold prices traded lower on Friday as the ease of U.S.-China trade tensions, along with other positive signs, drove investors to riskier assets. Gold Futures for December delivery were down 0.09% at $1,523.85 per ounce on the Comex division of the New York Mercantile Exchange by 10:48 AM ET (02:48 GMT), dropping from this weeks high of $1,564.15. Risk appetite revived after trade talks are...

Oil prices edged higher on Friday, with crude benchmarks poised for multi-week gains amid a sharp drawdown in U.S. crude inventories, while trade tensions eased after Washington and Beijing agreed to hold high-level talks next month. Brent crude was up 3 cents at $60.98 a barrel, as of 0144 GMT, while U.S. West Texas Intermediate (WTI) crude was up 8 cents at $56.38. Brent is set to mark its...

USD/JPY was rising overnight from 106.40 to 107.23 which was a one-month high with a bounce in US stocks and a recovery in US data, a welcome surprise following the disappointment in the IS ISM manufacturing data. In Tokyo, USD/JPY has been offered as the pair consolidates ahead of the key showdown tonight in the US session. The risk environment has improved since the Hong Kong news and trade...

A rally in oil futures faded by the end of Thursday's trading session, prompting U.S. prices to erase nearly all of their earlier gains as plans for U.S.-China trade talks next month failed to fully calm nervousness over the outlook for the global economy. Oil prices were up by nearly 3% to touch session highs following a third straight weekly drop in U.S. crude stockpiles, heightened tensions...

Gold futures fell sharply on Thursday, losing more than $34 an ounce for the biggest one-day dollar loss since November 2016. News that the U.S. and China will hold trade talks next month fed a rally in the stock market and better-than-expected U.S. data on private-sector employment calmed concerns over an economic slowdown. December gold fell $34.90, or 2.2%, to settle at $1,525.50 on Comex....

The pound surged to a five-week high on Thursday after lawmakers voted to prevent Prime Minister Boris Johnson taking Britain out of the European Union on Oct. 31 without a transition agreement and his brother Jo quit the government, citing national interest. Political uncertainty remained high as the prime minister renewed his effort to seek an election on Oct. 15 after a first attempt was...

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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