Showing posts with the label Report.
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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4-5 minutes Getty Images Gold bullion bars and coins. Gold fell on Monday as investors looked to the safety of the dollar to stave off risks from the U.S.- China trade spat, as concerns mounted over a slowdown in global growth. Spot gold fell 0.42 percent to $1,308.47 per ounce by 10:26 EST, after having risen for the previous two sessions. U.S. gold futures declined 0.49 percent to $1,312 per ounce. "The dollar seems to be the main beneficiary of the fears of economic slowdown, pushing gold down," said Mitsubishi analyst Jonathan Butler. "But gold has manage
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