Crude oil Jumps on Chinese Data - July 25, 2012 23:56

Crude oil futures gained on Tuesday as China reported better than expected manufacturing data which neutralized the negative impact of euro zone debt problems. HSBC’s purchasing managers’ index for China gained in July reaching its highest level in five months. On the other hand PMI for the euro zone remained unchanged at 46.4 in July […]

Gold Declines on Bernanke Speech - July 18, 2012 23:52

Gold futures fell on Tuesday as investors remained mixed on Bernanke speech regarding further monetary easing measures. Gold futures contract for August delivery fell 0.1 percent or $2.10 to settle at $1,589.50 per ounce on the Comex division of the New York Mercantile Exchange.

Crude Oil Reaches Its Highest In Seven Weeks - July 18, 2012 23:49

Crude oil futures gained on Tuesday and reached their highest level in seven weeks as investors were still uncertain after the speech of US Federal Reserve’s Chairman Ben Bernanke. Bernanke gave no hints on further easing measures and admitted that US economy is still slow. Crude oil futures contract for August delivery surged 0.9 percent […]

Gold Moves Contrary to Other Metals - July 12, 2012 23:57

Gold futures ended lower on Wednesday while other metals gained as investors were waiting for minutes of Federal Reserve’s latest monetary policy meeting. Gold futures contract for August delivery fell 0.3 percent or $4.10 to settle at $1,575.70 per ounce on the Comex division of the New York Mercantile Exchange.

Oil Supplies Drop by 4.7 Million Barrels: Repots EIA - July 12, 2012 23:57

The Energy Information Administration published its weekly report on oil inventories on Wednesday according to which crude oil inventories fell by 4.7 million barrels for the week ending July 6th, 2012 while analysts forecasted the decline of 4.7 million barrels for the respective week.

Crude Oil Declines on Norway Situation - July 10, 2012 23:58

Crude oil remained under pressure on Monday despite weaker greenback. The major reason behind sudden fall of oil was the decision of the Norway’s government to impose arbitration on petroleum workers’ labor strike.

Gold Rebounds on Attractive Levels - July 10, 2012 23:57

Gold futures recovered on Monday as investors took fresh position in the precious metal due to its highly attractive price levels. Gold futures contract for August delivery gained 0.7 percent or $10.20 to settle at $1,589.10 per ounce on the Comex division of the New York Mercantile Exchange.

Gold Futures Decline as ECB Cuts Interest Rate - July 6, 2012 23:58

Gold futures fell on Thursday in reaction to moves of the ECB and the Bank of England which created worries for global economy.  The European Central Bank announced reduction in the key interest rate while the Bank of England opted for further easing measures. Though the move of European Central Bank was highly anticipated by […]

EIA Reports decrease of 4.3 Million Barrels in Oil Supplies - July 6, 2012 23:49

Energy Information Administration released its inventories report on Thursday according to which crude oil inventories declined by 4.3 million barrels for the week ending June 29th, 2012. Analysts on average expected the crude oil supplies to fell by 2 million barrels. EIA also released its data on gasoline inventories which increased by 200,000 barrels for […]