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Oil Futures Mixed Amid Stronger USD, Gold Inches Higher

Published 06/29/2015, 03:27 AM
Updated 04/25/2018, 04:40 AM

CL
Crude futures were mixed on Friday amid a stronger dollar, as the U.S. rig count continued its steady, although slowed decline. U.S. oil futures pared losses after industry research group Baker Hughes said late Friday that the number of rigs drilling for oil in the U.S. fell by three last week to 628. The drop marks the 29th straight week of declines.

Oil 4-Hour Chart

GOLD
Gold inched up on Friday amid a stronger dollar and renewed optimism for a Greek bailout deal to halt a lengthy six-session losing streak. Meanwhile, Greece Prime Minister Alexis Tsipras abandoned negotiations with creditors on Saturday and called for a referendum to be held on July 5 on the terms proposed by lenders for extending the country’s bailout program.

Gold 4-Hour Chart

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