Commodity Capsule: Brent crude to snap a seven-week winning streak; Gold edges up from five-month lows | Watch video
Commodity Capsule: Oil prices looked set to snap a seven-week winning streak on Friday as concerns about demand growth in China, and the possibility of higher for longer US rates triggered losses.
Commodity Capsule: Oil prices looked set to snap a seven-week winning streak on Friday as concerns about demand growth in China, and the possibility of higher for longer US rates triggered losses.
US Federal Reserve's focus on containing inflation amid stronger-than-expected economic data was keeping a lid on oil prices.
US Labor Department reported number of Americans filing new claims for jobless benefits fell in the last week.
Upbeat US retail sales suggested that Fed may have to stick with higher rates for longer.
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