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Oil rises more than 2% as coronavirus fears ease

Thursday, 20 February 2020 02:48 WIB Minyak WTI Minyak Mentah Minyak Brent

Oil prices rose more than 2% on Wednesday as demand worries eased with a slowing of new coronavirus cases in China and supply curtailed by a U.S. move to cut more Venezuelan crude from the market. Brent crude was up $1.58, or 2.7%, to trade at $59.33 per barrel, while U.S. West Texas Intermediate crude gained $1.24, or 2.38%, to settle at $53.29 per barrel. Official data showed new coronavirus cases in China fell for a second straight day, although the World Health Organization said there was not enough data to know if the epidemic was being contained. Source : Reuters

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Oil falls nearly 5% for biggest weekly drop since 2008
Saturday, 29 February 2020 02:53 WIB
U.S. oil prices experienced their steepest weekly fall since 2008 as the spread of the coronavirus stokes fears of slowing global demand. Investors are increasingly worried as the virus has spread

Precious Metals

Gold futures fell by nearly 5% on Friday to log the biggest daily percentage decline for a most-active contract since June 2013, according to Dow Jones Market Data. Analysts attributed the decline

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