Showing posts with the label Price
cnbc.com Oil prices climb after progress on huge U.S. stimulus bill Reuters 2-3 minutes Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge U.S. stimulus package and on hopes for improving oil demand as vaccines are rolled out. Brent crude futures for May rose 63 cents, or 0.98%, to $65.05 per barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 58 cents, or 0.94%, to $62.08 per barrel. "Oil prices are recovering this morning in line with most risk assets on the back of the U.S. stimulus bill passing the House and as central banks continue to sabre rattle to ward off market-implied financial tightening," Stephen Innes, chief global markets strategist at Axi, wrote in a note on Monday. U.S. House of Representatives passed a $1.9 trillion coronavirus relief package early Saturday. Democrats who control the chamber approved the swe
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CNBC 4-5 minutes Umit Bektas | Reuters Gold moved slightly higher on Tuesday, supported by uncertainties surrounding U.S.-China trade relations ahead of President Donald Trump's State of the Union address to the Congress, while a firmer dollar and rising global stock markets capped gains. Spot gold edged up 0.21 percent to $1,314.47 per ounce by 1:52 p.m. EST after hitting its weakest since Jan. 29 at $1,308.20 in the previous session. U.S. gold futures settled $0.10 lower at $1,319.20 an ounce.