Crude oil futures rose Friday, extending strong weekly gains after a relatively upbeat U.S. jobs report.
Jan. WTI oil gains 62 cents, or 1.2%, to settle at $51.68/bbl.
Prices surged 12% this week, mostly after OPEC's deal with Russia to curb supplies, a move intended to keep oil prices above...
Gold steadied after hitting 9-month lows Friday, as traders bet the recent sell-off was overdone.
Feb. gold settled at $1,177.80/oz, up $8.40, or 0.7%. Gold was down 0.1% for the week.
There was little reaction to a somewhat upbeat jobs report that may cement expectations for a Federal Reserve...
Crude oil futures edged lower Friday morning as the furious mid-week rally fizzled amid lingering doubts about OPEC's deal with Russia.
Analysts say the agreement to curb supplies may take a long time to whittle away at a global supply glut that has weighed on oil prices.
WTI light sweet crude...
Gold futures steadied Friday morning as U.S. unemployment dropped to 4.6%, the lowest since 2007.
Employment in the U.S. increased by a little more than economists had been anticipating in the month of November, according to a report released by the Labor Department on Friday.
Crude oil futures skyrocketed Thursday, after OPEC surprisingly announced a deal to curb supplies.
Although the cartel had foreshadowed the agreement, traders were skeptical OPEC would go through with it.
Russia joined the deal, the first of its kind between the Kremlin and OPEC in fifteen years.
Gold futures fell further Thursday, hitting new 9-month lows as traders sifted through a pile of US economic data.
The Federal Reserve is expected to raise interest rates in December, barring a major disappointment in tomorrow's November jobs report.
Employment is expected to increase by 170,000...
Crude oil futures continued to rise Thursday morning after OPEC reached a deal to curb supplies.
The Organization of the Petroleum Exporting Countries late Wednesday agreed to cut production by 1.2 million barrels a day.
The move will help alleviate a global supply glut unless the U.S. and other...
With traders reacting to news of OPEC's agreement to cut production, the price of crude oil moved sharply higher during trading on Wednesday. Crude oil for January delivery spiked $4.21 to $49.44 a barrel after plummeting $1.85 to $45.23 a barrel in the previous session.
Gold prices moved notably lower over the course of the trading session on Wednesday, extending the modest drop seen in the previous session. The price of gold for February delivery slid $16.90 to $1,173.90 an ounce after dipping $3 to $1,190.80 an ounce on Tuesday.
Continuing the wild swings seen over the two previous sessions, the price of crude oil pulled back sharply during trading on Tuesday. Crude oil for January delivery plunged $1.85 to $45.23 a barrel.
Gold prices moved lower over the course of the trading day on Tuesday but ended the session well off their worst levels. After hitting a low of $1,179.30 an ounce, gold for December ended the day down $2.90 at $1,187.90 an ounce.
Oil prices regained some ground during trading on Monday after moving sharply lower over the course of the previous session.
After falling sharply over the course of the two previous sessions, the price of gold regained some ground during trading on Monday.
Crude oil futures were flat Monday morning, after falling sharply in the previous session on speculation a deal between OPEC and Russia may collapse.
Iran remains defiant toward its fellow OPEC members. Tehran insists on exemptions from any quotas as it recovers from years of crippling sanctions.
Following the Thanksgiving Day holiday on Thursday, the price of crude oil showed a substantial move to the downside during trading on Friday.
Crude oil for December delivery plunged $1.90 to $46.06 a barrel after dipping $0.07 to $47.96 a barrel on Wednesday.