West Texas Intermediate futures as well as international benchmark Brent both gained more than 14% in the overnight session.
U.S. government debt prices rose on Monday morning as investors fled risk after attacks on Saudi oil production facilities escalated tensions in the Middle East.
European stocks closed lower Monday as investors digested an escalation of tensions in the Middle East following an attack on Saudi oil production.
Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the start of the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut in the equivalent of 5% of global supply.
Gold prices jumped 1% on Monday as attacks on Saudi Arabia's oil facilities dented risk appetite, boosting demand for the safe-haven bullion.
The dollar rose against a basket of currencies on Monday as U.S. President Donald Trump's authorization of the use of an emergency crude stockpile in response to drone attacks on Saudi Arabian refining facilities cooled a surge in oil prices.
Oil prices spiked in the afternoon of Asian trading hours after drone strikes on crucial production facilities in Saudi Arabia. Shares of oil companies in Asia surged on Monday.
European stocks edged higher on Friday afternoon after the European Central Bank (ECB) delivered an aggressive stimulus package in a bid to reinvigorate the ailing euro zone economy.
Gold prices eased on Friday, heading for a third straight weekly fall, as positive U.S. retail sales data and hopes for a thaw in Sino-U.S. trade tensions lifted equities and yields to multi-week highs.
Oil prices slipped on Friday and were on track for weekly losses as concerns about a slowed global economic growth outweighed hints of progress in the U.S.-China trade dispute.
The euro rocketed to a 17-day high against the dollar on Friday as German government bond yields surged on the back of investors thinking the European Central Bank was done stimulating the ailing euro zone economy after cutting rates on Thursday.
U.S. President Donald Trump signaled Thursday he would consider an interim trade deal with China.
European stocks rallied after the European Central Bank (ECB) announced a new bond-buying program Thursday in a bid to stimulate the ailing euro zone economy.
Palladium prices hit an all-time high on Thursday on concerns over tight supplies of the autocatalyst metal due to possible labour issues in South African mines, while gold shed earlier gains on fresh hints of progress in the U.S.-China trade dispute.
Oil prices fell about 1.5% on Thursday after a media report cast doubt on the possibility of an interim U.S.-China trade deal and as a meeting of the OPEC+ alliance yielded no decision on deepening crude supply cuts.
The euro skidded below $1.10 on Thursday after the European Central Bank cut interest rates and unexpectedly relaunched a quantitative easing programme as well to boost the region's economy.
U.S. President Donald Trump tweeted Wednesday that increased tariffs on 250 billion dollars worth of Chinese goods that were set to kick in on October 1 have now been delayed to October 15 "as a gesture of good will."
European stocks traded higher Wednesday afternoon as investors look ahead to key central bank meetings, while China signaled a thawing of trade tensions with the U.S.
Gold rose on Wednesday on expectations of monetary policy easing by top central banks while global growth risks continue to linger.
U.S. oil prices fell on Wednesday after a reported sharp drop in U.S. crude stocks and OPEC member Iraq said the producer group would discuss deepening output cuts amid ongoing demand concerns.