Oil rises for 3rd straight session, on pace for best week since December

Friday, 14 February 2020 02:48 WIB Minyak WTI

Oil prices edged higher on Thursday, as investors hoped the world’s biggest producers would cut output more, while they largely shrugged off forecasts of slumping demand due to the coronavirus outbreak in top oil importer China. Brent crude rose 40 cents, or 0.7%, to $56.19 per barrel. U.S. West Texas Intermediate rose 25 cents, or 0.49%, to settle at $51.42 per barrel. U.S. gasoline futures jumped more than 1%, supported by outages at Exxon Mobil Corp’s 502,500 barrel-per-day (bpd) Baton Rouge, Louisiana and at Phillips 66′s 285,000-bpd Bayway refinery in Linden, New Jersey. Source: CNBC



Gold futures finished higher on Thursday as refreshed worries about a viral outbreak shifted investor concerns back to the economic implications of the disease, buttressing bullion prices. Gold for April delivery on Comex rose $7.20, or 0.5%, to...

Gold Gains on Rise in Chinese Coronavirus Cases

Thursday, 13 February 2020 19:36 WIB GOLD EMAS

Gold gained on Thursday after a sharp rise in new coronavirus cases and deaths in China dampened risk sentiment, prompting investors to buy the metal. Spot gold was up 0.4% to $1,571.70 per ounce. U.S. gold futures gained 0.3% to $1,576.90. After...

Oil prices fell on Thursday after OPEC and IEA reports cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world's biggest oil importer. Brent crude fell 34 cents, or 0.6%, to $55.45 per barrel. U.S. West...

The euro fell to a four-and-a-half-year low against the Swiss franc on Thursday and the yen gained as investors sought safe havens after China's Hubei province, the epicentre of the coronavirus outbreak, reported a sharp increase in the number of...

Gold advanced on demand for haven assets as the Chinese province at the center of the coronavirus epidemic reported a surge in new cases after revising the method for counting infections, blunting investors' optimism that the outbreak may be on the...

Gold prices rose on Thursday in Asia after China reported a sharp jump in the death toll and confirmed cases from the coronavirus. Gold Futures for April delivery gained 0.4% to $1,577.05 by 1:15 AM ET (05:15 GMT). Hubei, the province at the...


Oil futures fell on Friday, pressured by the possibility of a breakdown in the oil alliance between Saudi Arabia and Russia, as the market continues to worry that the spread of COVID-19 will slow

Precious Metals

Gold futures post a nearly 4% weekly gain
Saturday, 22 February 2020 02:08 WIB
Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as


Markit's German Manufacturing PMI for February beat estimates with a score of 47.8 points, far above 44.8 expected and 45.3 recorded in January. The score remains below 50 – reflecting ongoing


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