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 futures trimmed gains Friday after the Organization of the Petroleum Exporting Countries, in its monthly report, slightly lowered its outlook for global oil-demand growth this year. OPEC said it now expects oil demand to grow by 1.1 million barrels a day in 2019, down 40,000 barrels a day from its July forecast. OPEC left its 2020 demand forecast unchanged at 1.14 million barrels a day....

Risk sentiment returned to the foreign exchange markets early Friday in Europe, with the Swiss franc and yen retreating against the dollar, and the dollar retreating against the pound as a week of turbulent newsflow drew to a comparatively quiet close. By 3:30 AM ET (07:30 GMT) the dollar index, which measures the greenback against a basket of developed market currencies, was at 98.078, up 0.1%...

Gold futures are poised for a sixth weekly advance, the best streak in more than three years, on heightened trade uncertainty and concerns about slowing global growth. China called looming U.S. tariffs a violation of accords reached by Presidents Donald Trump and Xi Jinping, vowing retaliation, while Trump said Thursday that any deal must be œon our terms. Bond...

Oil headed for its first weekly gain this month as trade war news continued to whipsaw the market against the backdrop of rising U.S. stockpiles and a weakening global demand outlook. West Texas Intermediate crude for September delivery rose 61 cents, or 1.1%, to $55.08 a barrel on the New York Mercantile Exchange as of 7:44 a.m. in London. The contract is up 1.1% this...

Gold prices were little changed on Friday in Asia as stock markets recovered, although trade concerns remained. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, were near flat at $1,531.55 by 1:21 AM ET (05:21 GMT). Stock markets recovered today, but Sino-U.S. trade concerns remained after China's threat to take countermeasures against new...

Gold prices gained on Friday as the steep fall in U.S. bond yields continued, while conflicting signals on the Sino-U.S. trade war added to economic uncertainty. Spot gold was up 0.2% at $1,525.21 per ounce at 01:05 GMT. The metal has gained nearly 2% so far this week, and is on track for its third straight weekly gain. U.S. gold futures rose 0.3% to $1,535.50 an ounce. Data showing strong...

Crude oil prices rose on Friday after two days of declines, buoyed following data showing a rise in U.S. retail sales helped ease some concerns about a recession in the world's biggest economy. Brent crude was up 31 cents, or 0.5%, at $58.54 a barrel at 00:47 GMT, after falling 2.1% on Thursday and 3% the previous day. U.S. WTI crude was up 43 cents, or 0.8%, at $54.90 a barrel, having fallen...

The dollar held onto gains on Friday after a surge in U.S. retail sales eased concerns about the world's top economy, but traders cautioned against reading too much into one piece of data given the growing risks to the outlook. The greenback was on course for a weekly gain against safe-haven currencies such as the Japanese yen and the Swiss franc, pointing to some respite for frayed nerves...

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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