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Oil prices continues downtrend as response to pressures
The oil prices continued their downtrend in the week ending July 20.
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Oil prices post sharp losses this week
The WTI and Brent lost 3.8 percent and 2.3 percent, respectively, for the week.
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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.
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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.