Oil futures settled higher on Thursday, buoyed by a hefty decline in last week's U.S. crude supplies and better-than-expected domestic jobs growth in June. August West Texas Intermediate oil rose 83 cents, or 2.1%, to settle at $40.65 a barrel on the New York Mercantile Exchange. That was the highest finish for a front-month contract since March 6, according to FactSet data. There will be no regular trading for Nymex oil futures Friday because of the Independence Day holiday. Prices were up 5% from last Friday's settlement. Source: Marketwatch

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Crude-oil futures traded modestly higher Thursday, rebounding somewhat from the lowest settlement in about two weeks in the previous session as Middle East tensions delivered a jolt to prices. According to the Wall Street Journal, Iran's Revolutionary Guard said on Thursday that it seized a foreign oil tanker, which it claims was smuggling 1 million liters of fuel near the island of Larak in...

Gold fell on Thursday as investors booked profits after the metal hit a two-week high earlier in the session on increased expectations of a dovish monetary policy stance from the U.S. Federal Reserve. Spot gold slipped by 0.4% to $1,421.06 an ounce by 10:09 GMT. Prices had jumped about 1.5% in the previous session and extended gains early on Thursday to hit $1,426.80, gold's highest since July...

The British pound rose on Thursday after stronger-than-expected retail sales numbers and as traders betting against the currency took some profits following this week's plunge, which came amid new concerns about the threat of a no-deal Brexit. British retail sales rebounded unexpectedly in June, rising 1% over the previous month, according to official data. A Reuters poll of economists had...

The dollar broadly edged lower against its rivals on Thursday after softer U.S. Treasury yields in the wake of weak U.S. housing data sapped demand as investors focused their attention on a Fed meeting next week. While expectations of a 25 basis point rate cut are baked into money markets, some investors are gunning for a 50 basis point cut. The Fed is widely expected to cut a total of 75 basis...

Gold slipped from near the highest level in six years as investors weighed the scale of expected interest rate cuts by the Federal Reserve this year. Silver rose to a five-month high. With just two weeks until the Feds policy meeting, the central banks anecdotal Beige Book report suggested the outlook was generally positive and the labor market remains tight -- but...

Oil prices rose on Thursday in Asia as data showed U.S. crude inventories fell more than expected last week. U.S.Crude Oil WTI Futures inched up 0.1% to $56.84 by 11:56 PM ET (03:56 GMT). International Brent Oil Futures rose 0.3% to $63.87. The Energy Information Administration said in its weekly report that crude stockpile was down by 3.12 million barrels in the week to July 12, compared to...

Despite witnessing a drop in seasonally adjusted Employment Change, the AUD/JPY pair takes the bids to 75.64 during early Thursday. The Australian Bureau of Statistics released June month employment data wherein the Unemployment Rate and Participation Rate remained unchanged at 5.2% and 66% respectively while the Employment Change slipped beneath 10.0K forecast to 0.5K. However, the increase in...

Oil prices fell on Thursday, extending declines into a fourth day, after official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. Brent crude futures were down 15 cents, or 0.2%, at $63.51 a barrel by 00:44 GMT. They fell 1.1% on Wednesday. U.S West Texas Intermediate crude futures fell 26 cents, or 0.5%, to...

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