Oil prices rose on Thursday, extending gains from its previous session, as the market shifted focus to supply disruptions, while demand concerns eased some after a sharp drop in new coronavirus cases at the epicenter of the outbreak. Conflict in Libya that has led to a blockade of its ports and oilfields shows no signs of a resolution, while U.S. sanctions on a subsidiary of Russian state oil major Rosneft could cut more Venezuelan crude from the market, rekindling global oil supply worries. Brent crude futures were up 14 cents, or 0.2%, to $59.26 a barrel by 0505 GMT, after climbing to as...

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Gold was steady near a five-week low as investors look for details of a potential U.S.-China trade deal, which is damping demand. Spot gold flat at $1,286.72/oz at 9:09am in Singapore. Metal as much as -0.8% to $1,282.92 on Monday, lowest intraday level since Jan. 25. Bloomberg Dollar Spot Index +0.1%. In other precious metals Silver +0.1%, Platinum +0.2% and...

The dollar held near a two-week high against its key rivals on Tuesday, underpinned by a resilient economy and a flagging euro ahead of an upcoming European Central Bank policy meeting. Higher U.S. bond yields kept the dollar well bid, and though rates were off overnight peaks, traders bet the greenback had more going for it than some of its peers. The euro in particular remained wobbly before...

Oil held above $56 a barrel as investors weighed the prospect of some OPEC members recovering from their unintentional production cutbacks at a time when U.S. inventories are seen climbing. Futures in New York were little changed after climbing 1.4 percent on Monday. The biggest oil field in Libya will be fully restored in the coming days after an unplanned shutdown in...

Oil climbed as the U.S. and China were said to be near a settlement of a trade dispute that threatened to erode energy demand in the world's largest economies. Futures in New York rose 1.4 percent on Monday. American and Chinese negotiators are close to signing an accord that would lift tariffs and usher in new intellectual-property protections, according to people familiar with...

Gold futures settled lower for a sixth straight session on Monday, the lowest finish in nearly six weeks. A turn lower for U.S. benchmark stock indexes, which had seen earlier support from optimism over a potential U.S.-China trade deal, failed to boost haven demand for the precious metal. April gold lost $11.70, or 0.9%, to settle at $1,287.50 an ounce. Source: Marketwatch

The greenback jumped on Monday amid reports of the U.S. and China signing a trade deal by the end of the month. While details still need to be worked out, Washington and Beijing are closing in on agreements around China increasing imports of U.S. agricultural and chemical products, lowering tariffs on U.S.-made goods and sanctions relief. A trade deal could be formally signed around March 27,...

Crude-oil futures on Monday headed higher, amid fresh developments in U.S.-China trade negotiations that could result in a resolution to the protracted dispute”a potentially boon for demand for crude. April West Texas Intermediate crude added 37 cents, or 0.7%, to reach $56.17 a barrel on the New York Mercantile Exchange. On Friday, the contract booked a roughly 2.6% weekly decline, according...

Gold futures deepened their retreat below the closely watched $1,300 line with a fresh leg lower on Monday, driven there by gains in risk-on markets as trade-pact optimism grew. Futures dropped below the $1,300 mark on Friday to settle at their lowest in a month and half, down over 2% for the week ” the sharpest weekly fall since August. Broad risk-on sentiment, which boosted U.S. and global...

PRECIOUS METALS
Gold Hits Seven-Year High on Fears Virus Will Hurt Global Growth
Thursday, 20 February 2020 08:20 WIB Gold traded near a seven-year high on concern that the coronavirus outbreak will retard global growth, coupled with speculation the Federal...
ENERGY
Oil Rises on Supply Woes; Demand Concerns From Coronavirus Ease
Thursday, 20 February 2020 12:42 WIB Oil prices rose on Thursday, extending gains from its previous session, as the market shifted focus to supply disruptions, while demand concerns...
CURRENCIES
AUD/USD drops following higher than expected Aussie Unemployment Rate
Thursday, 20 February 2020 08:08 WIB AUD/USD declines to 0.6678 after flashing the intra-day low of 0.6668 as Australia™s employment data disappoints Aussie traders on early...

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