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U.S. shale producers lock in future sales as oil prices rise to one-year high
U.S. shale producers are taking advantage of the oil market’s rally to levels not seen in nearly a year by locking in prices for future sales, sources familiar with the matter said. US CRUDE futures this month jumped above $50 a barrel to the highest since February. The rally has sparked optimism among shale companies, but
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Gold Down, Investors Await Biden’s “Trillions” in Stimulus Plans
Gold was down on Thursday morning in Asia, with investors awaiting details on U.S. President-elect Joe Biden’s plans for further stimulus measures. Gold Futures were down 0.85% at $1,839.20 by 12:16 M ET (5:16 AM GMT). U.S. Treasury yields and the dollar both saw rebounds on Thursday. Benchmark ten-year Treasury yields rose to hover near ten-month highs,
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Oil steadies as U.S. inventory fall tempers demand woes
Oil prices steadied after an early jump on Wednesday as industry data showing a bigger-than-expected drop in U.S.CRUDE inventories, but rising global COVID-19 infections capped price gains. BRENT CRUDE prices were down 4 cents at $56.54 a barrel by 1032 GMT. Prices rose to a session high of $57.42 a barrel earlier in the session, the highest
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Gold Down Over Firmer Dollar, High U.S. Treasury Yields
Gold was down on Tuesday morning in Asia, declining slightly as a firmer dollar and high Treasury yields outweighed U.S. political uncertainty and rising numbers of COVID-19 cases globally. Gold Futures inched down 0.03% at $1,850.20 by 11:05 PM ET (4:05 AM GMT). Benchmark Treasury yields continued at 10-month highs as investor prepare for higher government spending
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Oil falls on renewed lockdowns, stronger dollar
Brent Crude Oil prices fell as much as $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns across the globe, as well as a stronger U.S. dollar. Brent was down 80 cents, or 1.4%, at $55.19 a barrel at 1010 GMT, after falling $1 to a session
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Oil near 11-month highs on Saudi output cut pledge, equities rally
Oil prices held near 11-month highs on Friday and were on track for a strong weekly gain as Saudi Arabia’s pledge to cut output continued to buoy market sentiment. Brent Crude climbed 13 cents, or 0.2%, to $54.51 a barrel by 0531 GMT. It touched $54.90 on Thursday, the highest since February. U.S. West Texas
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