Houston-area intensive-care units reach maximum capacity on Thursday.
Governors of New York, New Jersey, and Connecticut announced this week a two-week quarantine for visitors traveling from COVID-19 hotspots. In New Jersey, health officials reported the transmission rate have increased from 0.86% to 0.88% in the most recent days.
White House Advisor Larry Kudlow reassured markets Washington would not close the nationwide economy again.
On the economic data front, U.S. durable goods orders jumped 15.8% in May after plunging more than 18% the month prior, while weekly unemployment figures fell for the 12th consecutive week to 1.48 million though the period ended June 20. Both data points indicate a continued rebound in economic activity.
Looking ahead, U.S. consumer sentiment for June will be published 10:00 a.m. ET, with consensus calling for an unchanged preliminary reading of 78.9% following a 7% advance prior month.
U.S. equity futures suggest a weaker open Friday, with contracts tied to the Dow Jones Industrial Average indicating a 200-point decline and those linked to the S&P 500 priced for a 12-point pullback. U.S. Dollar Index weakened 0.05% in early trade Friday against a basket of its global currencies.
In early trading, West Texas Intermediate for August delivery gained $0.37 to trade above $39 barrel (bbl) and Brent crude traded near $41.40 bbl. NYMEX July ULSD futures were steady at $1.1642 gallon and the front-month RBOB contract traded 1.57 cents higher near $1.2099 gallon.
Liubov Georges can be reached at liubov.georges@dtn.com
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June 26, 2020 at 07:16PM
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Oil Edges Higher in Friday Trade - DTN The Progressive Farmer
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