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Oil prices edged lower on Tuesday in volatile trade as weak demand data from China and a gloomy economic outlook weighed. Brent crude futures fell $1.13, or 1.32%, to $84.78 a barrel by 1246 GMT. U.S. West Texas Intermediate crude was down $1.01, or 1.26%, at $79.25. Both contracts rose by over $1 in earlier trading. "Brent and WTI have recovered almost 15% from the lows a few weeks ago as traders continue to price in stronger Chinese demand," Craig Erlam, senior market ana...
Oil falls as outlook for China, global economy weigh
Gold prices rose to a one-week high on Friday as dollar weakened, while growing economic concerns put bullion on track for its best week since atleast late-March. A weaker greenback makes bullion attractive for overseas buyers, while gold is also considered a safe haven during times of political and economic uncertainty. Spot gold was up 0.2% at $1,846.09 per ounce by 1229 GMT, after climbing about 1.9% in the last session. U.S. gold futures rose 0.2% to $1,844.20. Recession fears ha...
Gold hits one-week high on weaker dollar, economic concerns
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