Crude Oil Ends at its Lowest Since October 2011 - May 31, 2012 23:48

Crude oil futures declined on Wednesday and touched their lowest since October 2011. Investors were bearish on the crude oil in reaction to the Spain’s economic turmoil, lower Chinese demand outlook and stronger greenback. Crude oil futures contract for July delivery declined 3.2 percent or $2.94 to settle at $87.82 per barrel on the New […]

Gold Futures Climbs Despite Higher US Dollar - May 25, 2012 23:58

Gold futures contract gained on Thursday despite several negative impacts to push the precious metal back to negative territory. Gold futures contract for June delivery surged 0.6 percent or $9.10 to settle at $1,557.50 per ounce on the Comex division of the New York Mercantile Exchange. The respective contract touched its intraday high of $1,577.70 […]

Crude Oil Gains on Positive US Economic Indicators - May 25, 2012 22:22

Crude oil futures gained on Thursday after touching their lowest level since October in earlier sessions. The positive US macroeconomic data and rising equities supported the oil. US jobless claims reduced for the week while increase in durable orders was also reported by US Commerce Department. Moreover, negotiations on Iran’s nuclear program failed and ended […]

EIA Reports Increase of 900,000 Barrels in Oil Inventories - May 24, 2012 23:49

Energy Information Administration released its inventories report on Wednesday according to which crude oil stockpiles increased by 900,000 barrels for the week ending May 18th, 2012 while analysts forecasted the increase of 750,000 barrels for the respective week. Another trade group, the American Petroleum Institute reported the increase of 1.5 million barrels in crude oil […]

Gold Futures Decline on Lower Euro Zone Outlook - May 23, 2012 23:42

Gold futures declined on Tuesday in reaction to raised worries on latest lowered outlook on euro zone’s economic growth and downgraded credit rating for Japan. Fitch recently downgraded Japan’s rating to A+ on Tuesday. Fitch maintains its negative outlook on Japan’s credit rating due to high public debt levels. Further to create uncertainty among investors, […]

Crude Oil Recovers After Series of Bearish Sessions - May 22, 2012 23:54

Crude oil futures gained on Monday after touching its lowest in seven months in its earlier session. Weaker greenback and positive movements in Iran’s nuclear program made investors to take fresh positions in oil. Crude oil futures contract for June delivery gained 1.2 percent or $1.09 to settle at $92.57 per barrel on the New […]

Gold Futures Lower in the Start of the Week - May 22, 2012 23:51

Gold futures contract fell on Monday but found some support from gaining oil futures and lower US dollar. Gold futures contract for June delivery fell 0.2 percent or $3.20 to settle at $1,588.70 per ounce on the Comex division of the New York Mercantile Exchange. The precious metal gained 0.5 percent in the last week. […]

Gold Futures Recover from Lowest in 10 Months - May 18, 2012 23:57

Gold futures gained on Thursday as investors took fresh positions in the precious metal due to its attractive levels. Gold futures contract for June delivery surged 2.5 percent or $38.30 to settle at $1,574.90 per ounce on the Comex division of the New York Mercantile Exchange. Analysts see technical support for the precious metal around […]

Crude Oil Remain Lower on Disappointing Manufacturing Data - May 18, 2012 23:57

Crude oil futures declined on Thursday as the US stock indexes fell and manufacturing activity in Philadelphia disappointed the investors. The Philadelphia Federal Reserve’s manufacturing index declined to -5.8 in the month of May as compared to positive figure of 8.5 in April. The last negative reading for the index came in September last year. […]