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Oil Pares Gains As Investors Wait To See If Coronavirus Stimulus Works

Thursday, 19 March 2020 13:20 WIB Minyak WTI Brent

Oil prices rose on Thursday but pared early gains as investors tried to assess how effective massive stimulus by central banks will be in shoring up the global economy as the shock from the coronavirus pandemic deepens. Bucking panic selling in other financial markets, Brent crude (LCOc1) was up 37 cents, or 1.1% at $25.25 a barrel by 03:55 GMT, having earlier risen to $27.19. The global benchmark slumped 13% on Wednesday in a third day of relentless selling. U.S. oil (CLc1) gained $1.44, or 7.1%, to $21.81 after surging nearly 20% earlier. The U.S. benchmark dropped nearly 25% in the previous session. Among the latest moves by a major central bank to try to mitigate the spiraling...

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Oil recovered some ground on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin agreed to discuss stabilizing energy markets, but prices remain near 18-year lows as the

Precious Metals

Gold prices fell on Tuesday as the dollar firmed and as shares rose on hopes of a rebound in China economic activity, while safe-haven demand amid concerns over the coronavirus outbreak kept the

CURRENCIES

The dollar traded marginally higher Tuesday, helped by gains against the more defensive currencies, the Japanese yen and the Swiss franc, on the last trading day of the month. At 3:05 AM ET (0705

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