Oil rises, but ends wild week lower

Oil rises, but ends wild week lower

Oil prices climbed in the final session of the week bringing an end to another week of losses that featured the US contract plunging to minus $US40 a barrel, as global production cuts could not keep pace with the collapse in demand caused by the coronavirus pandemic....
Oil rises, but ends wild week lower

Copper slips on worries about recession

Copper prices retreated at the end of the week on fears about a deep global recession and pessimism over the development of drugs to treat COVID-19. Some other base metals joined a downturn in stock markets after reports that an experimental antiviral drug failed to...
Oil rises, but ends wild week lower

Gold investors enjoy weekly rise

Gold prices slipped on Friday as investors booked profits, but concerns over the global economic slowdown and massive stimulus measures from major central banks kept bullion on track for a weekly gain. Spot gold was down 0.4 per cent at $US1,724.29 per ounce by 1805...
Oil rises, but ends wild week lower

Apple and Microsoft propel Wall St rally

Wall Street has rallied, led higher by Apple and Microsoft as investors finish a turbulent week of trading and some states prepare to relax coronavirus-related lockdowns. Apple and Microsoft each climbed more than one per cent, lifting the S&P 500 more than any...
Oil rises, but ends wild week lower

Tasmania ties Vic for best state economy

Tasmania has tied Victoria for Australia’s best economic performance in CommSec’s quarterly State of the States report. It’s the first time since October 2009 that the Apple Isle has been on top of the performance rankings. CommSec has for the last...