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U.S. oil prices climb by nearly 32% for the week

Saturday, 4 April 2020 01:58 WIB Minyak WTI Minyak Mentah

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of almost 32%. Prices extended their Thursday rally on growing expectations that major oil producers will reach an agreement to significantly cut production levels as efforts to slow the spread of COVID-19 continues to hurt energy demand. May West Texas Intermediate oil rose $3.02, or 11.9%, to settle at $28.34 a barrel on the New York Mercantile Exchange. Prices for the front-month contract climbed about 31.8% for the week, according to FactSet data. Source : MarketWatch

RECENT NEWS

Gold Ends Higher after U.S. Jobs Report, but Posts a Loss for The Week

Saturday, 4 April 2020 01:25 WIB GOLD EMAS

Gold futures ended higher on Friday after a report on U.S. employment in March indicated that the damage from coronavirus related business shutdowns is already having a big impact on the labor market. For the week, however, prices posted a modest...

Sterling Drops as British Firms Suffer Record Slump

Friday, 3 April 2020 23:26 WIB pound Sterling, Poundsterling poundeuro

Sterling sank on Friday after data showed a record slump among Britain's services and manufacturing firms in late March as businesses and households paused activity to try to prevent the spread of the coronavirus. Sterling was last down 1.5% at...

Gold Bounces Around As Investors Key In On Friday Jobs Report

Friday, 3 April 2020 20:04 WIB GOLD EMAS

Gold futures on Friday swung between small gains and losses as investors watched for a report on the labor market in March, which may offer some clues about the state of American jobs even if it doesn’t entirely reveal the extent of the damage of...

Brent Oil Rises Above $32 On Hopes Of Output Deal

Friday, 3 April 2020 18:52 WIB Minyak WTI Brent

Benchmark Brent crude oil futures rose as high as $33.05 a barrel on Friday on rising hopes of a new global deal to cut global crude supply. Brent crude LCOc1 futures were up 9.3%, or $2.79, at $32.73 a barrel by 10:14 GMT. Brent soared as much as...

Gold Eases on Firm Dollar, But Holds Tight Range Ahead of US Data

Friday, 3 April 2020 17:39 WIB GOLD EMAS

Gold prices were subdued on Friday as the dollar strengthened, but they were stuck in a narrow range ahead of U.S. nonfarm payrolls data that could provide further clarity on the economic damage from the coronavirus. Spot gold was down 0.1% at...

Dollar Still in Demand, For Now

Friday, 3 April 2020 15:17 WIB Dolar AS GBP/USD EUR/USD USD/JPY,

The dollar was in demand in early trading in Europe on Friday, as investors sought safety following the dire U.S. unemployment figures which illustrated the extent of the economic fallout from the coronavirus pandemic. At 3:05 AM ET (0705 GMT),...

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LATEST NEWS

Energy

U.S. oil prices climb by nearly 32% for the week
Saturday, 4 April 2020 01:58 WIB

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of almost 32%. Prices extended their Thursday rally on growing expectations that major oil producers will reach an agreement to

Precious Metals

Gold Ends Higher after U.S. Jobs Report, but Posts a Loss for The Week
Saturday, 4 April 2020 01:25 WIB

Gold futures ended higher on Friday after a report on U.S. employment in March indicated that the damage from coronavirus related business shutdowns is already having a big impact on the labor

CURRENCIES

Sterling Drops as British Firms Suffer Record Slump
Friday, 3 April 2020 23:26 WIB

Sterling sank on Friday after data showed a record slump among Britain's services and manufacturing firms in late March as businesses and households paused activity to try to prevent the spread of

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