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Oil prices continue to decline, with the number of injuries rising to Covid 19 in America -10-07-2020

News Date: 10/7/2020 06:16:09
 

On Friday, oil prices continued to harvest more losses, retreating to the lowest levels, with the high rate of coronavirus infections in the United States of America, and due to fears of isolation and curfews, as more than 60 thousand and 500 new cases were announced on the day. Yesterday, Thursday, Brent crude reached 41.63 dollars a barrel, with a decline of 1.7%, while American crude fell 2.1% to settle at 38.79 dollars.

Also, gold futures contracts decreased by 0.02%, as they were traded in August at $ 1804.25 per ounce, as they were previously traded in a downward trend at the price of $ 1803.59 per ounce, while silver futures contracts for September delivery declined by 0.26 %, To be traded at $ 19,012 an ounce.

 

The Nikkei fell 1.06% to 22290.81 points, while the broader Topix index fell 1.42% to 1535.20 points, its lowest level in nearly a month.

US stock indices also fell by the end of Thursday, as the Dow Jones Industrial Average recorded a decrease of 1.39%, and the Standard & Poor’s index, which also fell by 0.56%, in contrast, the Nasdaq index achieved an increase of 0.63%.

 

The US dollar pair against the euro reached 1,127 dollars, while the US dollar pair against the Australian dollar reached 0.669 dollars, to make a profit against most currencies.

Against the dollar, the Swiss franc traded at $ 0.9419, while the Japanese yen fell 0.2% to 7,0115 dollars.

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