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Commodities News

  • Barry Norman

    Crude Oil & Natural Gas Climb On Demand And Growth

    Crude Oil & Natural Gas Climb On Demand And GrowthCrude oil on NYMEX was seen rising well into the $96.00 price range yesterday. WTI stretched the previous session advances, rising nearly 0.5 per cent to its highest in about five weeks.  However, rising crude oil stockpiles in the US and

  • Barry Norman

    Crude Oil and Natural Gas Climb As Market Sentiment Turns Positive

    Crude Oil and Natural Gas Climb As Market Sentiment Turns PositiveCrude oil is trading at $94.12 gaining steadily since Friday immune to the problems in Cyprus. Cyprus and its institutional lenders have reached a bailout deal, according to reports citing European Union officials. As part of the agreement the country

  • Barry Norman

    Crude Oil Down Natural Gas Up In Early Session

    Crude Oil Down Natural Gas Up In Early SessionThis morning, crude oil prices are trading at $92.61 with marginal gains from yesterday’s closing. This might be a technical correction on oil prices. Organization of Petroleum Exporting countries (OPEC) which accounts for 40% of total world oil production is expected to

  • Barry Norman

    Crude Oil Steady As Demand Increases

    Crude Oil Steady As Demand IncreasesThis morning crude oil is trading at 93.28 giving back 23 cents. WTI Crude oil traded directionless in the midst of countervailing forces. Looming financial meltdown in Cyprus enacted as a headwind, however US Federal Reserve policy statement provided some support to the prices.Crude prices

  • Barry Norman

    Crude Oil Holds At 92-93 Ahead Of EIA Inventory

    Crude Oil Holds At 92-93 Ahead Of EIA InventoryThis morning crude oil is trading at 92.76 recovering 24 cents after tumbling on Tuesday afternoon. Crude oil fell on Tuesday, as uncertainty over a bailout for Cyprus intensified concerns about the euro zone debt crisis, and energy demand if the economic

  • Barry Norman

    Crude Oil Climbs On US Recovery

    Crude Oil Climbs On US RecoveryThis week US markets will see a slew of housing data, but not until after the FOMC meeting which begins today and will conclude with Mr. Bernanke’s press conference tomorrow afternoon. Traders are unsure, what the Feds are thinking. There is a good possibility that

  • Barry Norman

    Natural Gas Continues To Climb

    Natural Gas Continues To ClimbNatural gas continues to climb this morning trading at 3.921 adding over 6 cents as cold weather is forecast throughout the US. As the winter comes to a close, one last winter blast is expected as the North East corridor is beginning to see snowfall. A

  • Barry Norman

    Crude Oil Climbs On US Data

    Crude Oil Climbs On US DataCrude oil continues to trade positively this morning, as investors weighed the outlook for the market following positive US economic data and a forecast for lower global demand growth. US crude oil is trading at 93.32 gaining 29 points in the Asian session. Brent crude

  • Barry Norman

    IEA Report Weighs On Crude Oil Prices

    IEA Report Weighs On Crude Oil PricesThis morning crude oil continues to ease dipping 23 cents to trade at $92.28. Crude oil retraced back from the high of $93.40 and in the process settled lower yesterday at $92.51. A rise in US oil inventories and bearish forecast from the IEA

  • Barry Norman

    Crude Oil and Natural Gas Trade On A Positive Note Ahead Of EIA Inventory

    Crude Oil and Natural Gas Trade On A Positive Note Ahead Of EIA InventoryIn the Asian session crude oil continues to gain trading at 92.72 adding 18 cents. West Texas Intermediate oil traded near the highest level in two weeks after an industry report showed U.S. crude stockpiles fell for

  • Barry Norman

    Precious and Industrial Metals Weak On Chinese Worries

    Precious and Industrial Metals Weak On Chinese WorriesGold ended with a minor gain after a remaining range-bound, finding some support at lower levels to break out of their recent trading range but scored the highest settlement so far this month. Gold closed at 1578.00 and added $4.20 this morning following

  • Barry Norman

    Crude Oil Eases Natural Gas Gains During Asian Session

    Crude Oil Eases Natural Gas Gains During Asian SessionCrude oil dipped a bit this morning after lower than expected retail sales and industrial production numbers from China over the weekend disappointed traders. Crude is trading at 9180 down by 15 pips, after gaining on Friday on the back of the

  • Barry Norman

    Strong Dollar and High Inventory Weigh on Crude Oil

    Strong Dollar and High Inventory Weigh on Crude OilUS crude oil fell below $90 per barrel, re-approaching a six-week low after a US government report showed oil supplies rose significantly more-than-expected last week. The weekly EIA crude oil inventory report showed that inventories rose by 3.8mn barrels to 381.4mn barrels,

  • Barry Norman

    Precious Metals Follow Equities Higher

    Precious Metals Follow Equities HigherGold managed to close slightly higher, buoyed by a weaker dollar as investors tracked a rally on Wall Street, but the metal gave back much of its earlier gains on reports of good growth in the US service-sector companies. Gold is trading this morning at 1577.80

  • Barry Norman

    Crude Oil Gains But Remains Weak in Asian Trading

    Crude Oil Gains But Remains Weak in Asian TradingWTI Light Sweet crude oil gained 20 cents in the Asian session on Tuesday as the US dollar weakened taking a breather after climbing as high as 82.20. West Texas Intermediate oil rebounded from the lowest level in 10 weeks and Brent

  • Barry Norman

    Crude Oil Weak After The “Sequestered” Budget Cuts Become Law

    The week is starting off with crude oil continuing last week’s decline drifting down 34 cents to trade at 90.34 as traders deal with a strong US dollar and weak eco and growth numbers. Concern on slowdown of manufacturing of major oil consumer China are pressurizing on oil prices. There

  • Barry Norman

    Strong US Data Helps Crude Oil Recover

    Strong US Data Helps Crude Oil RecoverThis morning crude oil is flat at 92.65 after falling on Tuesday as investors weighed the implications of political uncertainty in Italy, the latest assessment of the economy from the head of the Federal Reserve and prospects for growing US crude supplies. Stock and

  • Barry Norman

    Gold Gains But Remains Fundamentally Weak

    Gold Gains But Remains Fundamentally WeakAs markets reel from the Italian elections, traders run for the hills, pushing the US dollar and the Japanese yen skywards. Once again gold has been seen as a safe haven. Gold is trading on the upside at 1592.50 adding $6.00 this morning. Gold has

  • Barry Norman

    Gold Rebounds As Traders Buy On The Cheap

    Gold Rebounds As Traders Buy On The CheapGold on COMEX rose in early trade on bargain buying, but a firm dollar against the euro weighed on prices. Gold prices received support, as recent correction in prices has prompted Asian investors to increase physical purchases of the metal. Bullion is trading

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