Friday 21 June 2019

Oil up on #Iran tensions, stocks hover at seven-week highs - Reuters

Oil up on Iran tensions, stocks hover at seven-week highs - Reuters:

Oil prices built on recent gains on Friday on fears any U.S. military attack on Iran would disrupt flows from the Middle East, while increases on Wall Street kept a gauge of global stock markets near seven-week highs.

Gold prices climbed to near six-year highs and were on track for their best week in three years.

Central banks have dominated economic news this week, with the Federal Reserve signaling the potential for a U.S. interest rate cut later this year and the European Central Bank hinting at stimulus measures.

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