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Crude oil futures jumped 3% on Thursday, rebounding forcefully from the three-month lows of this week as China's stock market steadied from its collapse and uncertainties remained about a nuclear deal that will allow Iran to export more crude. In Vienna, hopes for a final agreement on an Iranian Nuclear Deal before Friday's deadline faded following misleading comments from U.S. president Barack Obama on the possibility of an accord.
GOLD
Gold prices were slightly higher on Thursday, after data showed that the number of people who filed for unemployment assistance in the U.S. last week rose to the highest level in almost five months. Jobless claims climbed by 15,000 to 297,000 in the period ended July 4, the highest since February, a Labor Department report showed Thursday in Washington. Analysts had expected initial jobless claims to fall by 7,000 to 275,000 last week. The data can be volatile this time of year because of the Fourth of July holiday and temporary shutdowns of auto plants to prepare for the production of new models.
