Oil prices were mixed on Monday, with Brent crude edging higher, supported by tighter supplies and positive economic data, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb demand in the United States. Brent crude LCOc1 was up 40 cents, or 1%, to $43.20 per barrel by 10:42 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 was down 9 cents, or 0.2%, at $40.56. In the first four days of July alone, 15 U.S. states have reported record increases in new cases of COVID-19, which has infected nearly 3 million Americans and killed about 130,000,...

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Oil prices steadied on Monday, supported by improving economic data but held in check by sharp spikes in new coronavirus infections around the world that have forced some countries to impose partial lockdowns. Brent crude fell 4 cents, or 0.1%, to $40.98 a barrel by 10:31 GMT and U.S. WTI crude was up 7 cents, or 0.2%, at $38.56. Crude prices found some support as profits at Chinas...

The pound gained from broad dollar weakness on the back of news about a Chinese coronavirus vaccine, before paring the advance after Prime Minister Boris Johnson said the Covid-19 crisis has been a disaster for Britain. GBP/USD rose as much as 0.4% to 1.2390 in the first gain in four days, before paring the gain to 0.2%; the U.K. currency slipped 0.2% against the euro at 91.09 pence. Most G-10...

Gold prices are modestly higher in European trading, extending Friday's gains as real yields on U.S. Treasury bonds keep falling. New York futures are up 0.1% at $1,782.10. Gold's "main supporter is likely U.S. Treasury yields, which continued lower on Friday, powered by fears over U.S. economic growth prospects," says Jeffrey Halley at OANDA. As holding gold pays no interest, investors often...

Oil prices slid for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading countries to resume partial lockdowns that could hurt fuel demand. Brent crude LCOc1 dropped 72 cents, or 1.8%, to $40.30 a barrel by 0231 GMT, while U.S. crude CLc1 was at $37.82, down 67 cents, or 1.7%. Brent crude is set to end June with a third consecutive...

Gold futures edged closer toward $1,800 an ounce -- a level last seen at the end of 2011 -- as demand for haven assets surged amid concerns over rising coronavirus infections. Bullion is heading for its best quarter since 2016 as deaths surpassed 500,000 worldwide and confirmed cases exceeded 10 million, according to Johns Hopkins University data. The increasing numbers are a...

A firm dollar kept riskier currencies under pressure on Monday, as a surge in coronavirus cases and the re-imposition of curbs to stop its spread had investors worried that a global economic recovery could be derailed even before it had taken root. California ordered some bars to close on Sunday, following similar moves in Texas and Florida, as cases nationwide soar to record levels each day....

Oil kept falling after just its second weekly drop since April as coronavirus infections and fatalities surpassed grim milestones in a reminder the outbreak is far from under control in many parts of the world. Futures in New York fell below $38 a barrel after losing 3.2% last week. Deaths from the pandemic topped half a million, cases rose past 10 million and a United Nations agency...

Oil futures fell on Friday, sending U.S. prices down by more than 3% for the week as the increasing numbers of coronavirus cases looked to hamper a recovery in energy demand. August West Texas Intermediate oil fell 23 cents, or 0.6%, to settle at $38.49 a barrel on the New York Mercantile Exchange. Based on the front-month contract, prices declined by 3.4% for the week, according to Dow Jones...

PRECIOUS METALS
Gold Ticks Up on Concerns Over Increase in Virus Cases
Monday, 6 July 2020 14:27 WIB Gold climbed as investors sought haven assets amid the rise in coronavirus cases, with the World Health Organization reporting a one-day high...
ENERGY
Oil Mixed on Tighter Supply, Surge in U.S. Virus Cases
Monday, 6 July 2020 19:04 WIB Oil prices were mixed on Monday, with Brent crude edging higher, supported by tighter supplies and positive economic data, while U.S. benchmark WTI...
CURRENCIES
Sterling Falls vs Euro, Steady vs Dollar; Chancellor's Support Measures in Focus
Monday, 6 July 2020 15:46 WIB The pound fell against the euro, as the common currency rose on Monday, and held steady against the U.S. dollar, as traders looked ahead to this...

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