Oil prices edge up, but lockdowns restrain gains

Posted by Research Analyst in News on January 25, 2021

Oil prices edged up on Monday as supply jitters and U.S. stimulus plans offset fresh concerns about the hit to global fuel demand from renewed lockdowns to curb spikes in COVID-19 infections. Brent Crude futures for March rose 34 cents, or 0.6%, to $55.75 a barrel by 1008 GMT. U.S. West Texas Intermediate crude for March

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Gold Down, But Boosted By Weaker Dollar, Further U.S. Stimulus Bets

Posted by Research Analyst in News on January 22, 2021

Gold was down on Friday morning in Asia, easing as U.S. Treasury yields gained but also aided by a weaker dollar and further U.S. stimulus bets. Gold Futures edged down 0.17% at $1,862.65 by 11:35 PM ET (4:35 AM GMT). The dollar inched down on Friday. Benchmark treasury yields remained higher after data released on Thursday showed

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Oil Down, U.S. Crude Oil Supplies Sees Small Build and Stokes Fuel Demand Worries

Posted by Research Analyst in News on January 21, 2021

Oil was down on Thursday morning in Asia, with investors digesting a small but surprising build in U.S. crude oil supplies that re-ignited fuel demand worries. Brent Oil Futures  were down 0.37% to $55.87 by 10:02 PM ET (3:02 AM GMT) and WTI Futures fell 0.34% to $53.13. The black liquid gave up some of the

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Gold Perks up As Treasury Nominee Yellen Hints at Big Fiscal Deficit

Posted by Research Analyst in News on January 20, 2021

Gold prices gained a leg higher on Tuesday, reacting to U.S. Treasury Secretary nominee Janet Yellen’s plans to fight the coronavirus-induced economic crisis with big spending. Gold for february delivery on New York’s Comex settled up $10.30, or 0.6%, at $1,851.40 per ounce. The benchmark gold futures contract had been caught in a wave of irrational

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Resurgence in COVID-19 cases slows oil demand rebound -IEA

Posted by Research Analyst in News on January 19, 2021

Oil demand recovery will take a hit from a spike in new coronavirus cases before vaccine roll-outs and stimulus measures help in the second half of the year, International Energy Agency (IEA) said on Tuesday. “Border closures, social distancing measures and shutdowns…will continue to constrain fuel demand until vaccines are more widely distributed, most likely

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