Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand because China is the world's largest crude oil importer, after importing a record 10.12 million barrels per day in 2019, according to data from the General Administration of Customs. China is also the second-largest oil consumer, behind the United States. On Friday, U.S. West Texas Intermediate crude futures fell 2.5%, or $1.40, to settle at $54.19. At the session low WTI hit $53.85, its lowest level since Oct. 31. This was the fourth straight day...

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Oil futures climbed Tuesday to mark the highest finish in almost a week, after a closely followed monthly OPEC report showed that members of the cartel substantially reduced production in January. Prices, however, settled below the day's loftiest levels as a monthly U.S. Energy Information Administration report released Tuesday revealed higher U.S. crude production forecasts for 2019 and 2020....

Gold settled higher on Tuesday, with the dollar on track to end its stretch of eight straight wins. The yellow metal had ended Monday with a 0.5% loss as the leading dollar index traded at its highest levels since December, cutting demand for investors buying precious metals using currencies other than the U.S. unit. April gold tacked on $2.10, or 0.2%, to settle at $1,314 an ounce. The SPDR...

The British currency rose off three-week lows against the dollar on Tuesday as Prime Minister Theresa May said the government would seek to speed up ratification of its Brexit withdrawal deal with the European Union if time gets too tight. Time is running out for May to persuade the EU to amend the Brexit deal and then get British lawmakers to approve it, before Britain is scheduled to leave...

Gold prices snapped back with narrow gains Tuesday as the dollar was on track to snap a stretch of eight straight wins. Gold ended Monday with a loss as the leading dollar index traded at its highest levels since December to kick off the week, cutting demand for investors buying precious metals using currencies other than the U.S. unit. April gold was recently up $5.40, or 0.4%, at $1,317.30...

Oil prices gained about 1 percent on Tuesday, supported by OPEC-led production cuts and U.S. sanctions against Iran and Venezuela, though remain wary of surging U.S. output and the outcome of U.S.-China trade talks. Brent crude futures were up 61 cents at $62.12 a barrel and U.S. West Texas Intermediate (WTI) crude oil futures rose 54 cents to $52.95 a barrel by 09.50 GMT. The continuing...

The U.S. dollar held at a two-month high and the Australian dollar gained on Tuesday as expectations of progress in trade talks between the United States and China and a tentative deal to avoid a U.S. government shutdown lifted sentiment. Against a basket of its rivals, the dollar was broadly steady at 96.986, after climbing to its highest level since mid-December at 97.117 in the previous...

Gold rose as a rally in the dollar petered out, while investors await the outcome of high-level U.S.-China trade talks in Beijing this week. Spot gold +0.3% to $1,311.43/oz at 7:49am in London; -0.5% Mon. Separately, U.S. congressional negotiators reached a tentative deal on border security that would give President Donald Trump far less money than hed demanded for new...

Oil prices gained on Tuesday in Asia following positive comments on trade by the Trump administration and the President himself. The U.S. Crude Oil WTI Futures were trading at $51.66 per barrel at 1:19 AM EST (6:19 AM GMT), up 0.5%. International Brent Oil Futures were also up 0.5%, at $61.84 per barrel. On Monday, White House adviser Kellyanne Conway told Fox News that U.S. President Donald...

PRECIOUS METALS
Gold prices notch gains for the day and week as coronavirus fears intensify
Saturday, 25 January 2020 02:08 WIB Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to...
ENERGY
Oil Drops The Most Since May on Fears Coronavirus Will Hit Growth
Saturday, 25 January 2020 03:00 WIB Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand...
CURRENCIES
Dollar Rises vs Euro as European PMI Data Fails to Impress
Friday, 24 January 2020 23:32 WIB The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that...

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