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Commodities

Oil Finishes Lower Amid COVID-19 Fears

Oil prices closed lower on Monday, beginning the week with a negative performance, amid concerns about the rising number of Coronavirus cases in many countries. Lockdowns and the fear of more preventive measures are prompting concerns about the recovery of the demand for energy worldwide. Brent crude futures for February …

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US Oil Rigs Rise in Week

Active crude oil and natural gas rigs in the United States rose this week, for the eleventh time in 12 weeks. Oil and gas rig count increased by three to 323 in the week that ended on December 4, according to the Baker Hughes weekly report. Oil rigs alone increased …

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Gold Declines but Scores Weekly Gains

Gold prices declined on Friday, despite the decline of the US Dollar (USD), amid improved investors’ sentiment on Coronavirus vaccine progress. Gold futures for February delivery decreased by $1.10, or 0.1%, and closed at $1,840 per ounce. For the week, the yellow metal contracts gained 2.9%. On the other hand, …

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Gold on Track For a Weekly Gain

Gold prices stabilized today, Friday, and is heading towards achieving its first weekly gain in 4 weeks, as the dollar retreated due to growing hopes for an American stimulus, and before the release NFP due at a later time. Today. The gold spot was little changed at $1840.75 an ounce, …

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