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Commodities News

  • Barry Norman

    WTI Crude oil eased on Tuesday and continued to fall on Wednesday morning trading at 106.99 down by 41 cents in the Asian session. Brent oil gave up 14 cents to trade at 111.31. Tuesday’s decline in oil prices came despite a bullish economic report from China, a key market

  • Barry Norman

    Crude oil tumbled over $1.13 to trade at 108.39 this morning while Brent oil gave up 33 points to touch 112.79 as the spread closed to just over $4.40 against an average of $6.00. Oil prices dipped in Asian trade Tuesday as fears of a possible US-led strike on Syria

  • Barry Norman

    This morning data released in China is the main focus of the commodities markets. The National Bureau of Statistics reported that consumer prices were only up 2.6 percent in August from a year earlier, compared to a 2.7 percent increase in July. At the same time, deflation slowed in producer

  • Barry Norman

    Gold is trading flat at 1388.00 this morning, moving between small losses and gains as Syria weighs on traders as the US congress returns from its holiday recess and will begin to debate US intervention. With global focus on US lawmakers the Federal Reserve is also back in focus after

  • Barry Norman

    Crude oil climbed yesterday after President Obama got additional support for military intervention into Syria. Crude oil traded as high as 108.80 and closed at 108.54 while Brent crude traded in the 115 level adding 4 cents to trade at 115.75 on Wednesday morning. Crude prices rose on Tuesday as

  • James Hyerczyk

    December Gold prices traded weaker early in the session as speculators pared positions after President Obama announced over the week-end that he was seeking Congressional approval before attacking Syria. This confused traders since the news came after Obama had failed to attract the international support for the action he was

  • Barry Norman

    Brent crude swung between gains and losses after rising for the first time in three days yesterday as U.S. lawmakers urged backing for military action against Syria, fanning concern that possible strikes may disrupt Middle East oil exports. In surprise events, France decided to endorse a US led attack on

  • Barry Norman

    Crude oil fell by $1.61 this morning to touch 106.04 while Brent oil tumbled to 112.84. The spread remains in the 6-7$ range which is close to average after narrowing last week as crude oil climbed to touch as high as 112. The market surged on Wednesday in anticipation of

  • Barry Norman

    Gold tumbled $5.20 this morning following a drop on Friday as tensions with Syria ease a bit. The United Nations vetoed an international intervention into Syria last week, followed by the UK Parliament voting down action by the British government. President Obama peddled back a bit over the weekend, keeping

  • Barry Norman

    The Wall Street Journal reported this morning that the U.K. vote against military strikes in Syria is a tough blow to Prime Minister David Cameron’s domestic political fortunes. Since taking office in 2010, he has on numerous occasions been undercut not just from opposition parties, but also from rebel elements within

  • James Hyerczyk

    After reaching a two-year high on Wednesday, October crude oil prices finished lower today. The selling pressure actually began yesterday following a rally to $112.24. The catalyst behind the sell-off on Wednesday was the weekly U.S. Energy Information Administration (EIA) report which showed crude oil inventories increased by 3 million

  • Barry Norman

    Gold retreated in the Asian session following cues from late US trading. Gold is down $9.50 this morning trading at 1409.30. Gold prices were trading higher amid a rise in investment demand as holdings in SPDR Gold Trust increased to 921.03 tonnes from 920.13 tons yesterday. However, a stronger dollar

  • Barry Norman

    There were three factors weighing on the markets today. These were concerns of military action in Syria, political uncertainty in Italy and tapering concerns in the U.S. There are so many reasons not to get involved in the markets that compounded with the European vacation season at its height and

  • James Hyerczyk

    December Gold finished sharply higher on Tuesday and investors took protection against the possibility of military action against Syria by the U.S. Russia has already warned the U.S. about interfering in the country’s affairs, further escalating tensions. The metal is surging after investors decided to dump equities and seek hedging

  • James Hyerczyk

    October Crude Oil finished lower as selling pressure came in as the market approached the recent top at $107.95. A weaker-than-expected U.S. Durable Goods report contributed to the decline in prices as it signaled a sluggish economy. Although the report indicates the Fed is not likely to begin tapering its

  • Barry Norman

    Crude oil reversed its decline on Friday and continued to climb this morning to trade at 107.20 adding 60 cents in the Asian session. During the previous week, crude oil prices (WTI) inched down by 0.12% and reached by Friday 106.42; further, Brent oil also declined by 0.97% to 111.04.

  • James Hyerczyk

    After consolidating for several days, December Gold broke out to the upside, triggering a sharp rally that has the market poised to challenge the psychological $1400.00 price level. Weaker-than-estimated sales of U.S. homes created more uncertainty about whether the Fed will begin reducing monetary stimulus as early as September. Gold

  • Barry Norman

    Gold swung between gains and losses as investors weighed expectations that the U.S. Fed Reserve will start to curb stimulus against increasing physical demand. Gold is trading at 1376.10 gaining $5.3 in the Asian session. Gold remains in a fairly tight range looking for direction as the Fed continue to

  • Barry Norman

    Oil finally eased, falling to trade at 103.72 and continues in the red on Thursday morning. WTI crude traded near the lowest level in almost 2 weeks as signs that the U.S. will taper economic stimulus sometime this year raised speculation oil demand may falter in the world’s biggest consumer.

  • James Hyerczyk

    October crude oil traded lower today ahead of this week’s inventory report and the release of the latest Fed minutes. A slightly better dollar is also exerting negative pressure on the market. Crude oil is trading lower amid concerns over the timing of the Federal Reserve’s plan to begin tapering

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