Oil prices dropped during overnight trading on Sunday after OPEC+ announced it was delaying its meeting initially scheduled for Monday, stoking fears on the Street that a production cut might face hurdles. U.S. West Texas Intermediate crude fell 6.49% to trade at $26.50 per barrel, while international benchmark Brent crude slipped 4.19% to $32.68 per barrel. Earlier, U.S. crude futures had fallen about 9%. Oil surged last week ” WTI and Brent are both coming off their best week on record ” as Saudi Arabia called a meeting between between OPEC and its allies, known as OPEC+, signalling...

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Oil futures ended higher Wednesday, giving up earlier declines as optimism surrounding the $2 trillion U.S. econonic stimulus package eventually helped to calm some worries about growing supply amid a price war between Saudi Arabia and Russia. West Texas Intermediate crude for May tacked on 48 cents, or 2%, to settle at $24.49 a barrel on the New York Mercantile Exchange after trading as low as...

Gold prices headed sharply lower Wednesday, giving up some gains from a day earlier when bullion registered its largest percentage rise in more than a decade. Gold for April delivery on Comex fell $25.10, or 1.5%, at $1,635.70 an ounce, after surging 6% on Tuesday. Among other metals Wednesday, May silver rose 17.3 cents, or 1.2%, to reach $14.43 an ounce, after the white metal jumped 7.5% a...

Gold prices headed lower Wednesday, giving up some gains after bullion registered its largest percentage rise in more than a decade. Some commodity analysts attributed the retrenchment to some exhaustion after two powerful sessions of gains for the yellow metal, as the U.S. Congress draws closer to passing a $2 trillion rescue package to help lessen the economic pain of the coronavirus...

Oil futures fell Wednesday, with worries about growing supply amid a price war between Saudi Arabia and Russia outweighing support from an agreement on a $2 trillion U.S. economic stimulus program. West Texas Intermediate crude for May fell 28 cents, or 1.2%, to $23.73 a barrel on the New York Mercantile Exchange. May Brent crude, the global benchmark, was off 96 cents, or 0.9%, at $28.78 a...

The U.S. dollar has traded lower Wednesday, as currency investors take comfort in the agreement reached over a hefty stimulus package by the U.S., and look to get into currencies perceived as more risky. Senior Democrats and Republicans in the divided U.S. Congress said late Tuesday they had struck a preliminary deal on a $2 trillion stimulus package to limit the economic damage from the...

Gold prices fell on Wednesday, after a steep rise in the previous session, as a flight to cash offset optimism around the U.S. government agreeing on a massive stimulus package to ease the economic burden of the coronavirus pandemic. In volatile trade, spot gold fell 1% to $1,594.18 per ounce by 07:43 GMT, after rising as much as 1.6% earlier in the day. The metal jumped more than 3% on...

Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets on hopes Washington will soon approve a massive aid package to stem the economic impact of the coronavirus pandemic. U.S. crude touched a high of $25.24 a barrel early in the session and was at $24.82 a barrel, up 81 cents, or 3.4%, by 0412 GMT. Brent crude was trading up 75 cents, or 2.8%,...

Gold prices edged lower in volatile trade on Wednesday as a flight to cash offset growing hopes for a massive U.S. economic stimulus to stem the coronavirus outbreaks economic toll. Spot gold fell 0.3% to $1,605.45 per ounce by 0447 GMT, after rising as much as 1.6% earlier in the day. The metal jumped more than 3% in the previous session. U.S. gold futures climbed 0.5% to...

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