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weekly

Oil posts weekly loss on oversupply concerns

IEA forecasts published on Thursday indicated that global oil supply will exceed demand by 3.8 million barrels per day next year Oil prices closed lower on Friday (Dec 12), marking a 4 per…

Weekly claims for unemployment benefits drop

The number of Americans applying for unemployment benefits declined last week in a sign that overall layoffs remain low, even as several high-profile companies have announced job cuts.…

Gold rises, poised for weekly gain on softer dollar

GOLD prices edged higher on Friday and were poised for a weekly rise, supported by a weaker dollar, although gains were kept in check by hawkish comments from US Federal Reserve officials…