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Oil Holds Near $52 as Investors Weigh U.S. Stimulus Proposal

Oil Holds Near $52 as Investors Weigh U.S. Stimulus Proposal

Oil opened the week steady near $52 a barrel as investors weighed prospects for a huge stimulus package from the incoming Biden administration to fight the economic toll of the coronavirus outbreak.
Gold Climbs After House Backs Trump’s Call for $2,000 Checks

Gold Climbs After House Backs Trump’s Call for $2,000 Checks

Gold ticked higher after the U.S. House passed a bill to boost household checks to $2,000, a proposal backed by President Donald Trump that ramps up the burgeoning cost of pandemic relief measures. The dollar eased.
Oil Up With Surprise Crude Oil Supply Draw Eases Fuel Demand Jitters

Oil Up With Surprise Crude Oil Supply Draw Eases Fuel Demand Jitters

Oil was up on Thursday morning in Asia, with a surprise drop in U.S. crude oil supply and hopes that the U.S. Congress will pass the latest stimulus measures easing fuel demand jitters.
Gold Sinks 6% in Worst Month Since 2016

Gold Sinks 6% in Worst Month Since 2016

Gold ended November down almost 6%, booking its worst month in four years, as relentless news of progress in Covid-19 vaccines and the diminishing need to hedge against an economic collapse continued to divert money from safe-havens into risk markets and crypto currencies.
OPEC+ Panel Suggests Delaying Output Hike by Three to Six Months

OPEC+ Panel Suggests Delaying Output Hike by Three to Six Months

The OPEC+ oil alliance should consider delaying its planned output boost by between three and six months, a technical panel that advises ministers suggested.
Record new renewable energy capacity this year and next - IEA

Record new renewable energy capacity this year and next - IEA

Record levels of new renewable energy capacity are set to come on stream this year and next, while fossil fuel capacity will fall due to an economic slump and the COVID-19 crisis, the International Energy Agency (IEA) said in a report.