U.S. oil futures reversed course to finish higher Friday, getting a boost as traders eye developments tied to Hong Kong related tensions between the U.S. and China, and as another drop in U.S. oil rigs suggested further domestic production declines. U.S. prices ended the month with a gain of 88%, based on the front months, to mark the best monthly performance on record, according to Dow Jones Market Data. July West Texas Intermediate oil rose $1.78, or 5.3%, to settle at $35.49 a barrel on the New York Mercantile Exchange. Source: Marketwatch

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Gold is poised for a fourth weekly gain as rising geopolitical tensions add to concerns that trade frictions may jeopardize global growth, boosting demand for a haven. The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf. Separately, economic adviser Larry Kudlow warned Beijing may face consequences it if refuses an...

The dollar held steady early in Asia on Friday, and was set ot show a weekly rise as investor focus turned to next week's Federal Reserve meeting for cues on a possible interest rate cut in light of rising risks to trade and global growth. The dollar index against a basket of six rivals was basically unchanged at 97.001, and on track for a near 0.5% gain this week. The index had touched an...

Oil fell on Friday after sharp gains in the previous session when prices were boosted after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude flows through one of the world's key shipping routes. The attacks near Iran and the Strait of Hormuz countered concerns about global demand that had hammered prices in recent weeks, analysts said. It was the second time in a...

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Gold climbed for a second day as weaker-than-expected U.S. inflation data bolstered the case for the Federal Reserve to cut interest rates. The core consumer price index, which removes energy and food costs, rose 2% in May, according to a Labor Department report Wednesday, while monthly core price-rises, as well as a wider measure of annual inflation, also came in below...

PRECIOUS METALS
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ENERGY
U.S. oil futures reverse course to finish higher, climb 88% for the month
Saturday, 30 May 2020 02:12 WIB U.S. oil futures reversed course to finish higher Friday, getting a boost as traders eye developments tied to Hong Kong related tensions between the...
CURRENCIES
Euro Tests Highs before Trump's Press Conference on China
Friday, 29 May 2020 18:30 WIB The euro extended its gains, testing two-month highs, on Friday as traders waited for U.S. President Donald Trump's response to China's tightening...

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