Global stocks surge, triggered by solid economic data
Shares of oil majors, BP and Royal Dutch Shell gained 3.4% and 2.7% respectively.
Shares of oil majors, BP and Royal Dutch Shell gained 3.4% and 2.7% respectively.
This is the longest losing streak recorded by the safe-haven currency in ten years.
Oil markets traded softer into the weekend on the back of escalating US-China tensions.
The surge in recent days in Covid-19 caseloads remains a great concern for oil traders.
American Dollar Index gained 0.27% to trade at 93.025.
Brent crude futures rose slightly at 0.13% to trade at $45.23.
The price of Spot gold as at 05.59 GMT was up by 0.20% to trade at $2,023.41.
Brent crude is expected to stay below the $45 resistance levels in the coming days.
Gold futures gained 0.46% to trade at $1983 at about 6.41 am GMT.
Crude oil prices started the trading week at London's session with a decline, due to growing concerns on oil glut. ...