EIA Reports Increase in Supply Data - March 29, 2012 23:49

Energy Information Administration released its report on crude oil inventories on Wednesday according to which crude oil supplies gained 7.1 million barrels for the week ended March 23rd, 2012. The figures reported by EIA surpassed the analysts’ expectations with huge gap who were expecting an increase of 2.75 million barrels of the respective week. EIA […]

Gold Futures Decline as Investors Opt for Profit Taking - March 28, 2012 23:54

Gold futures declined on Tuesday as investors went for profit taking. The precious metal gained consistently for last two sessions and almost touched the benchmark of $1,700 per ounce which intrigued investors to realize profits. Gold futures surged 1.4 percent on Monday’s trading session in reaction to US Fed’s Chairman, Ben Bernanke who showed his […]

Crude Oil Slightly Gains on Bernanke’s Speech - March 27, 2012 23:50

Crude oil futures gained on Monday after the US Federal Reserve’s Chairman Ben Bernanke indicated possible chances of more easing in US monetary policy. On Monday, Bernanke expressed his opinion of fewer chances in sustainability in labor market improvements in the long run. Investors and most analysts interpreted further easing in monetary policy from Bernanke […]

Gold Futures Decline on Chinese Data - March 23, 2012 23:55

Gold futures contract fell on Thursday and reached their lowest in last nine weeks. The precious metal remained lower after the less than expected Chinese manufacturing data. HSBC’s manufacturing managers’ index for China fell to its lowest in last four months in the month of March. China happens to be the top consumer of natural […]

EIA Reports Surprise Decline in Oil Inventories - March 22, 2012 21:28

US crude oil futures gained on Wednesday as the Energy Information Administration reported a surprise decrease in crude oil inventories data for the week ending March 16th, 2012. According to EIA’s report crude oil supplies for the week fell 1.2 million barrels as compared to analysts expected increase of 2.1 million barrels for the respective […]

Gold Futures Fell on Demand Uncertainty - March 21, 2012 23:53

Gold futures contract declined on Tuesday as investors were concerned over the demand of the precious metal due to economic slowdown in China. BHP’s president Ian Ashby said on Tuesday in Perth that China’s demand for iron ore is decreasing which will eventually settle down to a single digit figure. The notion created a panic […]

Crude Oil Futures Jump on Positive Global Economic Outlook - March 20, 2012 23:52

Crude oil Futures gained on Monday as investors were optimistic on the positive outlook for global economy. Moreover weaker greenback also supported the boost in the oil prices. Investors were upbeat on the latest comments by the head of International Monetary Fund who was positive about the global economy. However IMF’s Head Christine Lagarde was […]

Gold Futures Gain on Weaker Dollar - March 16, 2012 23:52

Gold futures contract gained on Thursday in reaction to weakening US dollar. The gold futures contract for April delivery gained 1 percent or $16.60 to settle at $1.659.90 per ounce on the Comex division of the New York Mercantile Exchange. Head of research, William Adams from FastmMarkets commented, “there is a risk of further weakness, […]

Crude Oil Declines on Oil Supply Outlook - March 16, 2012 22:33

Crude oil futures declined on Thursday as the US government denied the rumors that they have reached a deal with United Kingdom for countries to release strategic oil reserves. On Thursday, US President, Barack Obama and UK’s Prime Minister David Cameron discussed global energy issues but did not reach any deal according to White House […]