Oil prices down, COVID-19 weighs hard on traders
Oil traders are concerned about the blurred demand outlook in the short term.
Oil traders are concerned about the blurred demand outlook in the short term.
Gold futures prices settled at $1.866.30/ounce, showing a loss of 0.56% at the last trading session of the week.
Apple and Microsoft shares rose 1% and 1.3%, respectively, to lead tech higher.
Brent crude (LCOc1) was up 0.41% to trade at $42.11 a barrel by 0706am GMT.
In Thursday's trading session, Crude oil prices fell
Gold futures was down 0.89% to trade at $1,890.60 an ounce on Wednesday's trading session.
Oil benchmarks fell around 4% on Monday following rising concerns of increased coronavirus cases.
Apple Inc, the most valuable listed company, plunged in value by 3.17% to close at $106.84.
Gold futures edged up 0.46% to trade at $1975.30
Crude oil prices are expected to recover slowly once economic activities rebound globally.