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Crude oil futures steadied Wednesday morning, but reaction to an industry report showing a massive drop in U.S. crude oil inventories was muted. The American Petroleum Institute (API) reported a huge draw of 9.2 million barrels in United States crude oil inventories-the biggest draw since September...

Crude oil futures were flat Tuesday, snapping back from early losses ahead of U.S. inventories data due over the next day. This afternoon the American Petroleum Institute releases its industry survey, while the government's EIA report is out tomorrow morning. Both sources have shown a big drop...

New York Fed President William Dudley on Tuesday said Gary Cohn, a former Goldman Sachs executive now serving as President Donald Trump's economic adviser, would make a "reasonable candidate" to lead the central bank if current head Janet Yellen is replaced. In an interview with AP, Dudley also said...

Gold futures edged lower Tuesday, but losses were subdued as stocks failed to rally for a second day. Lingering geopolitical concerns and President Donald Trump's handling of white nationalist violence overshadowed upbeat economic news. Gold was down $9.80 at $1280 an ounce, staying near recent...

Crude oil futures continued to slide Tuesday morning, extending steep losses from the previous session amid doubts over whether OPEC can re-balance the global oil markets. Traders await the latest U.S. oil inventories data for clues about domestic production and consumption. The American Petroleum...

Gold futures fell Tuesday as North Korea pulled back on its Guam threat, diminishing gold's safe haven value. Kim Jong Un has decided not to launch a threatened missile attack on the U.S. territory, according to Pyongyang's state media, but said he just might change his mind if prodded. Gold was...

Crude oil futures fell sharply Monday, trimming recent gains as traders bet the global oil supply glut will continue. OPEC has been pumping oil at a constant pace over the past few months despite its supply quota deal with Russia. Saudi Arabia has been unsuccessfu in getting others within the cartel...

Gold futures levelled off Monday, but held near 3-month highs despite rebounding U.S. stocks. The DJIA re-claimed 22,000 as of lunchtime, denting gold's safe haven appeal. Tensions with North Korea are on the the backburner as President Donald Trump handles criticism of his response to racial hostilities...

Crude oil futures eased Monday, slipping further from recent 11-week highs as the dollar found its footing. Also, a surprising increase in the U.S. oil rig count dented hopes for an end to the global supply glut. Baker Hughes reported that the number of active U.S. rigs drilling for oil climbed...

Gold futures inched lower Monday morning as tensions between the U.S. and North Korea eased over the weekend. The North Korea situation took a back seat to domestic turmoil, as white nationalists attacked counter-protesters in Virginia. President Donald Trump condemned "both sides" instead of the...

Crude oil futures rose Friday, trimming weekly losses after a report showed global oil demand is rebounding. Global oil demand is expected to reach 1.5 million barrels per day this year, the IEA said, revising up its July forecast from 1.4 million. In 2018 demand is seen growing by a further 1.4 million. Meanwhile,...

Gold prices continued to rally Friday as the U.S. and North Korea excahnged mutual threats. "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. Hopefully Kim Jong Un will find another path!" President Donald Trump tweeted. Dec. gold settled at $1,294/oz,...

Crude oil futures fell for a second day Friday, despite word from the International Energy Agency that the global oil market is re-balancing. Global oil demand is expected to reach 1.5 million barrels per day this year, the agency said, revising up its July forecast from 1.4 million. In 2018 demand...

Gold futures continued to rise Friday morning, ahead of inflation data and as tensions between North Korea and the U.S. escalated. After threatening to visit "fire and fury" on North Korea, President Donald Trump said that maybe the warning "wasn't tough enough." Trump's words were in response...

Crude oil futures fell Thursday after OPEC admitted its production rose in July despite a supply quota agreement with Russia. The cartel pumped oil at a relatively robust pace even as Saudi Arabia tried to get smaller members to comply. Organization of the Petroleum Exporting Countries' output...

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