Oil prices were little changed on Friday after falling in the previous session, on receding concerns of an Iranian conflict.
Brent crude oil futures were down $2, or 2.88%, at $67.40 a barrel by 12:54 p.m. CDT (1854 GMT). U.S. West ‌Texas Intermediate crude fell $1.94, or ‌3%, to $62.69.
Crude oil prices are set for a second weekly loss, pressured by fading U.S.-Iran geopolitical risk, rising U.S. inventories, and a significant demand growth cut from the International Energy Agency.
Gold and Silver crash: Gold prices fell 2.3% to $4,981 today. Silver plunged 8.8% in a sharp market sell-off. Investors are reacting to strong US jobs data. The US added 130,000 jobs in January.
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Indian markets open on Budget day; track gold, silver, oil, FII data, and sector trends for informed investment decisions. Read more now!
As gold prices soar to a record $5,000 per ounce, finance professor Asad Dossani warns that investors are ignoring the supply side. Drawing parallels to the shale oil revolution, Dossani explores how ...