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July 13, 2020

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Commodities News (3rd Party)

Reuters - Business

World stock markets slip on second wave virus fears, safe-havens rise

Reuters
by Reuters033
NEW YORK/LONDON (Reuters) – Global stock markets fell on Thursday as a continued rise in the number of coronavirus cases dashed hopes of a swift recovery from the pandemic-induced economic slump and drove demand for safe-haven currencies such as the dollar and Japanese yen. Traders wear masks as they work......
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Reuters - Business

Stocks drift as second wave virus fears mount

Reuters
by Reuters017
LONDON/TOKYO (Reuters) – Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic. FILE PHOTO: A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district,......
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Reuters - Business

Oil prices fall as coronavirus case surge heightens demand fears

Reuters
by Reuters014
MELBOURNE/SINGAPORE (Reuters) – Oil prices slipped on Thursday on concerns that a spike in new coronavirus cases in China and the United States could dampen a recovery in fuel demand, even as lockdowns ease. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin......
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Reuters - Business

Global stocks retreat as investors fret over coronavirus relapse

Reuters
by Reuters014
TOKYO/WASHINGTON (Reuters) – Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and in China dented hopes of a quick global economic comeback from the pandemic. FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, is......
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Reuters - Business

Stocks grind higher on recovery hopes

Reuters
by Reuters015
LONDON/SYDNEY (Reuters) – Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence of global coronavirus cases. FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London,......
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Reuters - Business

Asia stocks turn cautious on virus surge, geopolitics

Reuters
by Reuters017
SYDNEY (Reuters) – Asian share markets took a cautious turn on Wednesday as a resurgence of global coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records. FILE PHOTO: A visitor takes a photograph of a board......
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Reuters - Business

Oil slumps as U.S. crude stocks build amid virus resurgence fears

Reuters
by Reuters016
SEOUL (Reuters) – Oil prices fell on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second wave of the coronavirus pandemic threatened to halt any recovery of demand. FILE PHOTO: The sun is seen behind a crude oil......
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Reuters - Business

Asian stocks set to rise as drug trials, data push Wall Street higher

Reuters
by Reuters015
WASHINGTON (Reuters) – Asian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and data showing U.S. consumers spent big in May. FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease (COVID-19)......
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Reuters - Business

Oil prices rise 3% on signs of U.S. economic recovery

Reuters
by Reuters015
NEW YORK (Reuters) – Oil prices rose 3% in volatile trade on Tuesday as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains were capped by worries about a second wave of coronavirus cases. FILE PHOTO: The sun is seen behind......
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Reuters - Business

Oil prices rise on supply cuts, improving demand

Reuters
by Reuters017
LONDON (Reuters) – Oil prices rose on Tuesday, with Brent crude rising above $40 a barrel, as the IEA increased its oil demand forecast for 2020 and as record supply cuts supported. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving......
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Reuters - Business

Stimulus splurge restarts stocks rally

Reuters
by Reuters020
LONDON (Reuters) – The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy few days for financial markets. FILE PHOTO: A man wearing a protective face mask walks past the London Stock Exchange Group......
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Reuters - Business

Oil prices edge higher as supply cut hopes outweigh coronavirus resurgence fears

Reuters
by Reuters016
TOKYO/SINGAPORE (Reuters) – Oil prices made marginal gains on Tuesday, reversing out of earlier losses, as hopes for further cuts in crude supplies took the sting out of concerns that a resurgence of new coronavirus infections around the world could hamper fuel demand. FILE PHOTO: The sun is seen behind......
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Reuters - Business

Global stocks jump on Fed support, easing second wave fears

Reuters
by Reuters014
TOKYO/HONG KONG (Reuters) – Asian shares rallied and the dollar fell on Tuesday as risk appetite was bolstered by the formal start of the Federal Reserve’s corporate bond buying programme, and earlier worries about a second wave of coronavirus infections eased. A man wearing a protective face mask, following the......
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Reuters - Business

Oil prices ease as coronavirus infections rise

Reuters
by Reuters017
TOKYO (Reuters) – Oil prices dipped on Tuesday on jitters that a rise in coronavirus infections around the world could hurt fuel demand, but hopes that production cuts could be extended kept declines in check. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian......
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Reuters - Business

Oil prices rise 2% on optimism around OPEC+ output pact

Reuters
by Reuters011
NEW YORK (Reuters) – Oil prices rose more than 2% on Monday as signs that fuel demand was recovering, while OPEC+ members were complying with a production cut deal, outweighed fears that new coronavirus infections could further slow the global economy. FILE PHOTO: The sun is seen behind a crude......
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Reuters - Business

Virus second-wave fears rattle markets, stocks fall

Reuters
by Reuters017
LONDON (Reuters) – Fears that a second wave of COVID-19 infections is under way sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as German government debt. Beijing reported its second consecutive day of record numbers of virus cases......
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Reuters - Business

Oil falls on growing fears of coronavirus second wave

Reuters
by Reuters018
LONDON (Reuters) – Oil prices fell on Monday as new coronavirus infections hit China, Japan and the United States, adding to concerns that a resurgence of the virus could hamper a recovery in fuel demand. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian......
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Reuters - Business

Oil drops as new coronavirus outbreaks raise fuel demand concerns

Reuters
by Reuters015
TOKYO (Reuters) – Oil fell more than 2% on Monday, extending losses from last week, as new coronavirus infections hit China and the United States, raising the prospect that renewed outbreaks of the virus could weigh on the recovery of fuel demand. FILE PHOTO: The sun is seen behind a......
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Reuters - Business

Asian stocks, oil fall as second wave fears grow

Reuters
by Reuters019
SYDNEY (Reuters) – Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighed on sentiment. FILE PHOTO: A pedestrian wearing a face mask walks near an overpass with......
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Reuters - Business

Asian stocks, oil sell off on second wave fears

Reuters
by Reuters016
SYDNEY (Reuters) – Asian markets started the week on the backfoot on Monday while oil prices slipped as fears of a second wave of coronavirus infections in China sent investors scurrying for safe-havens. FILE PHOTO: A pedestrian wearing a face mask walks near an overpass with an electronic board showing......
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