Commodities News

Gold is kicking off the week flat….. The shiny metal is trading at 1287.10 in the Asian session Monday moving between small gains and losses with no direction. Disappointing US data on Friday had a silver lining, US manufacturing production came in lower than expected but still showed growth and

January crude oil price finished a little better on Friday and is in a position to post a potentially bullish weekly closing price reversal bottom. The supply/demand situation hasn’t improved, but the market has been firming because of rising Brent oil prices. Although the fundamental picture still indicates the presence

Positive data is helping crude oil to recover from its steep losses this week. Crude oil is trading at 94.19 adding 42 cents in the Asian session. Brent oil is up 34 cents to trade at 108.47 after falling to the 105 price level this week. Chinese data along with

Crude oil continues to trade in the red down by 3 cents in the Asian session on Thursday morning. Crude remains under the $94 price level at 93.86. Brent oil continues to buck the energy trend adding 14 cents to trade at 106.97 with the spread now wider than $13.

The metals market has been trading in the red even as global economic data shows a stronger recovery than previously expected. Gold traders remain focused on the December Federal Reserve meeting once again trying to our guess Mr. Bernanke, who will oversee his last meeting as Janet Yellen takes over

WTI crude oil is lower by 31 cents this morning against a recovering US dollar. Crude is trading at 94.83 while Brent oil is lower by 33 cents at 105.95. Crude oil prices rose yesterday as improved demand outlook from US supported oil prices as US markets were shuttered for

  Gold is trading at 1278.20 down by just about $3.00 in the Asian session as the US dollar gains momentum. The dollar continues to see positive sentiment since strong data reports last week. The US GDP printed at 2.8% against expectations of 2.0% followed by the release of the

Crude oil remains in its recent range trading at 94.72 adding 12 cents this morning after strong US data at the end of the week, helped increase the demand for oil by the world’s largest consumer. This was compounded by strong trade numbers and industrial production from China also increasing

This morning, the U.S. government reported that the economy added 204,000 new jobs in October. This beat economist estimates of 125,000 new jobs, sending interest rates higher as investors priced in the possibility the Fed would begin tapering in December rather than in April 2014 like many had priced into

Crude oil gained 18 cents on Friday morning to trade at 94.99 climbing steadily since the release of positive economic data from the US. Brent oil added 24 points to climb at 105.17. Traders had a day full of events that kept the commodities markets on a roller coaster. German

  Crude oil remains below the $95.00 price level recovering 18 cents this morning to trade at $94.99 after tumbling on Wednesday after the EIA inventory release. Brent oil is trading at 105.17 gaining 24 points but remains well below the 106 level. One of several factors contributing to the

Gold added $6.20 in the morning session to trade at 1314.30 after trading below $1310 on Tuesday. There has been indication for price shifts except for positioning ahead of the European Central Bank meeting. There has been very little news flow from the eurozone outside of a strike in Greece and

Oil took a major plunge on Tuesday to trade below $94.00 but recovered by 56 cents this morning to trade at 93.94. Traders took advantage of the huge fall in prices to buy up the cheap commodity as the US dollar eased by 20 points on Wednesday morning. The black

Yesterday crude oil tumbled to its lowest point in four months and remains below $95.00 this morning. Oil gained 10 cents to trade at 94.73. Orders for non-defense capital goods excluding aircraft, a closely watched gauge of business investment, declined a seasonally adjusted 3.7% in the period from July through

Crude oil continues its slide to trade at 94.54 down by 7 points while Brent oil gained 33 cents to trade at 106.20. The spread remains below $12 after reaching $13 last week. Heating oil continued to climb in the US as winter weather draws near. Heating oil gained 21

Crude oil recovered 12 cents this morning on the strength of Chinese data to trade at 96.51 while Brent added 29 points to move to 109.22 as the spread continues to widen, now at just under $13.  European data weighed heavily on the energy markets yesterday with inflation printing below

Short-covering triggered another surge in the U.S. Dollar, hitting December Gold with a fresh round of selling pressure. Shortly after turning the main trend to up on the daily chart, gold ran into resistance when it entered a major retracement zone at $1342.50 to $1364.09. Although the move initially stopped

The commodity markets seem to be making sense once again, crude oil has declined to 96.54 a good range based on supply and demand and the easing of geopolitical tensions. Natural gas is at 3.641 a bit high as it should find a bottom to sit between seasons but we

As the month draws to an end, there is a serious lack of data on the calendar leaving traders trying to determine just how well the eurozone is recovering. Today, Spanish data is expected to show that Spain slipped out of recession. Later this morning the official statistics will be

Crude oil eased on Tuesday after US data printed below forecasts casting a shadow on the recovery on the US economy. Crude oil traded in the red at 98.68 and continued to trade down this morning at 96.48 ahead of inventory numbers due today and tomorrow. The American Petroleum Institute