Thursday Outlook: Oil drops on COVID-19 crisis concern in India; dollar stands tall

Traders shift focus on U.S. jobless claims and retail sales

  
Image used for illustrative purposes. An oil worker with Mexico's state owned oil company, PEMEX (Petroleos de Mexico), climbs a stairway off the top of a half a million barrel capacity crude oil storage facility at the Dos Bocas terminal in the swampy south eastern state of Tabasco September 20, 2000.

Image used for illustrative purposes. An oil worker with Mexico's state owned oil company, PEMEX (Petroleos de Mexico), climbs a stairway off the top of a half a million barrel capacity crude oil storage facility at the Dos Bocas terminal in the swampy south eastern state of Tabasco September 20, 2000.

REUTERS/ Andrew Winning

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Asia shares spooked by U.S. inflation scare, hope for Fed calm
MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.6% 

Oil drops as India coronavirus crisis tempers rally
Brent crude was down 32 cents, or 0.5%, at $69.00 a barrel

Dollar holds gains on inflation, kiwi boosted by reopening
The dollar traded at 109.51 yen, close to its strongest level in five weeks


 

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