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Commodities News

  • Barry Norman

    This week starts off with a holiday in the US, which means market trading will see lower volumes. To many investors surprise, with US traders celebrating the Columbus Day holiday there is a bevy of Federal Reserve speakers. This could have a big effect on gold but the reaction may

  • Barry Norman

    Crude oil opened the week at 49.51 off its high of the week but well above its 2015 trading range as Asian traders continued to rally driving prices up 51 cents to 49.94. Just days ago, WTI was trading at $43. Brent oil climbed to 53.16 on Monday morning after

  • James Hyerczyk

    November Crude Oil futures are set to finish the week about 9% better after a slightly higher trade on Friday. The market gained some late support on Thursday after the U.S. Federal Reserve minutes suggested the central bank was in no hurry to raise interest rates. Also helping to boost

  • Gold
    Barry Norman

    Gold opened on Friday morning flat at 1144.30 after recovering on Thursday’s earlier losses. Late in the session the metal was trading in the red, and immediately after the release of the FOMC minutes gold climbed to touch 1150 for a short period.  Federal Reserve meeting minutes showed policymakers at

  • Barry Norman

    Crude reversed earlier gains to trade down 12 cents at 48.42 while Brent oil climbed 5 cents to 51.98 after Wednesday’s US EIA inventory after weekly inventory data showed U.S. stockpiles of crude oil and petroleum products at a record high. On Thursday morning Asian traders pushed WTI back to

  • "The rally goes on, with little sign of it stopping yet"
    Barry Norman

    Gold gained $1.40 on Wednesday to trade at 1147.90 but spent most of the day flat after gains in the Asian session. There was very little on the economics calendar on Wednesday, but once again Federal Reserve members were on the speaking schedule. Traders on Thursday morning sold off the

  • James Hyerczyk

    November Crude Oil futures reversed to the downside after crude oil inventories rose more than expected according to a government report. This came after several days of strength, triggered by reports of a tightening supply/demand situation. The Energy Information Administration said on Wednesday that U.S. crude inventories rose by 3.1

  • Barry Norman

    Crude oil and Brent oil surged on Tuesday afternoon gaining almost 5% and continued to rally on Wednesday morning. Crude oil rose to 49.15 up by 62 cents in the early session. Brent oil added 10 cents to 52.27 but the spread remained dangerously close at just over $3. Russia,

  • Barry Norman

    Russian crude oil output rose to a post-Soviet record last month as producers took advantage of the weak Ruble to push ahead with drilling. The nation’s production of Crude rose to 10.74-M BPD, 1%more than a year earlier and topping the record set in June, according to data from the

  • James Hyerczyk

    During the Asian session, November Crude Oil futures gained 36 cents to $45.91 per barrel in electronic trading on the New York Mercantile Exchange. This is coming off Friday’s strong close which saw the contract post an 80 cent gain. Brent crude used to price international oils, advanced 37 cents

  • Barry Norman

    Crude oil barely held the $45 price level on Thursday while Brent oil tumbled to 47.95. The spread is one again lower than $3. In the United States, a closely-watched report seen as a gauge for oil demand in the world’s biggest economy showed that commercial crude inventories rose by

  • Barry Norman

    Crude oil ended the month slightly above the $45 price and gained 65 points in the morning session to trade at 45.74 but remains in a tight trading range. Brent oil gained 30 cents to reach 48.81. The spread is barely wider than $3. U.S. crude oil ended slightly lower on

  • Barry Norman

    Gold continued to trade in the red as October unfolded. The shiny metal is trading at 1114.70 in the Asian session as traders turned their focus to Chinese PMI data forgetting the US Federal Reserve for only a few short hours. A good print from ADP on Wednesday afternoon was

  • James Hyerczyk

    November Crude Oil futures are trading nearly flat at $45.29 after the release of the latest U.S. Energy Information Administration’s weekly inventory report. According to the EIA, crude inventories rose by 4 million barrels in the week-ending September 25. Analysts were looking for an increase of 102,000 barrels.  Crude stocks

  • Gold
    Barry Norman

    Gold prices continued to ease in the Asian session as traders are slowly being convinced by a bevy of Federal Reserve speakers that the group will increase interest rates in 2015. Gold dipped $1.90 to trade at 1124.90. Silver diverged from gold to add 17 points to 14.59 while platinum

  • Barry Norman

    Crude oil dipped on Wednesday ahead of the weekly EIA inventory. WTI is back below the $45 price level losing 48 cents in the Asian session to trade at 44.75 while Brent oil gave up 28 cents to 47.82. The spread remains tight at just above $3. While it’s been

  • Barry Norman

    Crude oil prices took a big hit on Monday declining to 44.59 giving up $1.11 while Brent oil fell $1.16 to 47.41, but the good news was that the spread has widened a drop moving to almost $3 but remains extremely tight. Gasoline prices continue to fall both wholesale and

  • Barry Norman

    Gold continues to slowly give back gains as more and more Federal Reserve speakers say they support a rate increase soon most saying before the end of the year. St Louis Fed chief James Bullard on Friday raised the prospect of a lift in US borrowing costs when he said

  • James Hyerczyk

    December Comex Gold futures plunged on Monday as investors dumped gold out of fear of an earlier than expected interest rate hike by the U.S. Federal Reserve. The initial break was in reaction to Fed Chair Janet Yellen’s hawkish comments last Thursday. She said that she anticipates an interest hike

  • James Hyerczyk

    U.S. energy markets edged lower in Asian hours Monday as investors continued to monitor data on supply and key economic indicators that could give them clues as to the direction of the market later in the session. On the New York Mercantile Exchange, light, sweet crude futures for delivery in

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