Crude-oil prices headed higher Thursday for a second session, as values continued to garner support from a bullish report on U.S. stockpiles this week. The Energy Information Administration reported Wednesday that U.S. crude inventories fell by 7.2 million barrels for the week ended June 26, coming after three consecutive weeks of increases. Energy markets have also been keying in on increases in cases of COVID-19, with the U.S. hitting a single-day record of infections of more than 52,000, injecting some concern into crude markets about the impact of protocols to limit the spread on the...

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Oil futures on Wednesday risked a fifth straight drop and a plunge into bear-market territory after reaching the lowest settlement price in more than three months Tuesday, dropping on heightened concerns for the global economy and tariff tensions that could potentially hurt demand for oil. West Texas Intermediate crude for July delivery on the New York Mercantile Exchange was down 53 cents, or...

Gold futures on Tuesday extended gains, putting the precious metal on pace for its longest win streak in more than four months as skittish investors continued to find appetite for gold following a rout for technology stocks on Monday. Gold for August delivery on Comex gained $4.10, or 0.3%, to $1,331.90 an ounce, with a settlement at that level representing bullions highest for the...

Gold hovered near a 3-month high after jumping Monday, as demand for havens grows in response to the escalating U.S.-China trade war and its impact on global growth, with bets building that the Federal Reserve will cut interest rates this year to contain the fallout. Spot gold little changed at $1,325.78/oz at 11:16am in London after earlier touching $1,329.14, the highest since Feb....

The U.S. dollar hit three-week lows against a currency basket on Tuesday as growing expectations for an interest rate cut by the Federal Reserve pressured Treasury yields, while persistent concerns over the global growth outlook boosted the safe haven yen. The benchmark 10-year Treasury's yield fell to its lowest since September 2017 overnight, near 2%, after St. Louis Federal Reserve President...

Oil prices dropped on Tuesday in Asia as signs continue to point to a global economic slowdown affecting oil demand. Crude Oil WTI Futures were at $53.14 per barrel, down by 0.19% at 12:16 AM ET (4:16 GMT). Crude futures are now around 20% below their peaks of late April 2018. Brent Oil Futures, the international benchmark for oil prices, were at $61.06, having dropped 0.36%. Analysts said...

Prices of the safe-haven gold remained little changed on Tuesday in Asia despite escalating trade tension between the U.S. and China. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange last traded at $1,327.25 a troy ounce by 12:18 AM ET (04:18 GMT), down 0.02%. News that the U.S. reiterated its view that China œbackpedalled on key elements of a...

Gold held the biggest gain in more than four months on growing demand for havens amid the escalating U.S.-China trade war and the impact it's having on global growth, with bets building that the Federal Reserve will cut interest rates this year to contain the fallout. St. Louis Fed President James Bullard said Monday a rate cut may be neededœsoon to help re-center inflation and...

Oil prices fell on Tuesday amid a global economic slowdown that is starting to hit oil demand, triggering calls in producer club OPEC for supply cuts to be extended. Front-month Brent crude futures, the international benchmark for oil prices, were at $60.88 at 00:38 GMT. That was 40 cents, or 0.7%, below last session's close. U.S. West Texas Intermediate (WTI) crude futures were at $52.94 per...

PRECIOUS METALS
Gold Prices Edge Higher as Market Awaits Labor-Market Update
Thursday, 2 July 2020 19:04 WIB Gold futures inched higher Thursday ahead of employment data in the U.S. that could influence trading in the precious commodity, a day after hope...
ENERGY
Oil Futures Climb on Shrinking U.S. Crude Inventories
Thursday, 2 July 2020 19:43 WIB Crude-oil prices headed higher Thursday for a second session, as values continued to garner support from a bullish report on U.S. stockpiles this...
CURRENCIES
Dollar Set For Biggest Weekly Drop in a Month before U.S. Data
Thursday, 2 July 2020 18:51 WIB The U.S. dollar slipped to a one-week low against its rivals on Thursday as upbeat U.S. and European economic data sharpened risk appetite, with...

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