Oil prices continues downtrend as response to pressures
The oil prices continued their downtrend in the week ending July 20.
Oil prices post sharp losses this week
The WTI and Brent lost 3.8 percent and 2.3 percent, respectively, for the week.
U.S. drilling rigs increase despite sharp drop of oil prices this week
The number of active drilling rigs in the United States increased by two this week to 1,054.
Gold futures edge higher amid renewed China-U.S. trade frictions
Gold futures on the COMEX division of the New York Mercantile Exchange closed higher on Thursday.