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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Gold fell as the dollar rose for an eighth day, with investors tracking what may be a potentially key week for U.S.-China trade talks. Other precious metals also dropped, with platinum leading declines. While concerns are intensifying that there wont be a deal before a March 1 deadline for higher tariffs, President Donald Trump has also suggested he could agree to extend negotiations if...

Oil prices traded lower on Monday in Asia after Baker Hughes said in a weekly report last Friday that energy firm increased the number of operating oil rigs. Companies added seven oil rigs in the week to Feb. 8, bringing the total count to 854, Baker Hughes reported. The U.S. Crude Oil WTI Futures dropped by around 1.1% to $52.16 per barrel at 1:22 AM EST (6:22 AM GMT), while the International...

The yen dropped against all of its Group-of-10 peers as optimism over U.S.-China trade talks this week boosted risk sentiment. USD/JPY advanced 0.2% to 109.98, with steady demand from macro and leveraged accounts, a trader said. Chinese shares rallied on the first day of trading after the Lunar New Year holidays. U.S. President Donald Trump's advisers discussed holding a summit with Chinese...

Gold prices held steady on Monday, supported by uncertainties around Sino-U.S. trade war and concerns of slowing global economic growth, while a strong dollar weighed on the precious metal. Spot gold was steady at $1,313 per ounce at 0059 GMT. U.S. gold futures were also firm at $1,317 per ounce. Investors are looking ahead to trade talks this week with a delegation of U.S. officials...

The dollar rose against most other currencies on Monday, holding near a six-week high as fresh worries about U.S.-Sino trade tensions and global growth drove appetite for safe-haven assets. U.S. negotiators will this week press China on longstanding demands that it reform how it treats U.S. companies' intellectual property in order to seal a trade deal that could prevent tariffs from rising on...

Oil started the week with a softer tone as global growth concerns continued to infect sentiment ahead of meetings this week between senior U.S. and Chinese officials on trade. Futures were down 0.2 percent, after a near 5 percent drop last week as trade jitters resurfaced. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit Beijing ahead of a March...

Benchmark U.S. oil prices settled a few cents higher on Friday, but dropped by nearly 5% for the week as ongoing worries about the global economy threatened demand for crude. March West Texas Intermediate oil added 8 cents, or 0.2%, to settle at $52.72 a barrel. It lost about 4.6% for the week--the largest weekly percentage loss for a front-month contract since the week ended Dec. 21,...

Gold prices finished higher on Friday, paring an already modest weekly loss as weakness in global stocks boosted haven demand for the commodity. The yellow metal saw some so-called short covering to end the week, finding support from the threat of another U.S. government shutdown, with temporary funding expiring on Feb. 15, and intensifying concerns surrounding Brexit, said George Gero,...

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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