Gold and Oil News
Gold and Oil News - April 26, 2012 23:54
EIA Reports Surprise Increase in Crude Oil Stockpiles
Energy Information Administration released its weekly inventories report on Wednesday according to which crude oil inventories increased 4 million barrels for the week ended April 20th, 2012. Analysts on average expected the gain of 1.5 million barrels for the respective week. Energy Information Administration also reported gasoline inventories according to which gasoline stockpiles fell 2.2 […]
Gold Declines on Euro Zone Concerns
Gold futures ended lower on Monday as the political and economic situation in euro zone raised many questions among the investors. Gold futures contract for June delivery plunged 0.6 percent or $10.20 to settle at $1,632.20 per ounce on the Comex division of the New York Mercantile Exchange. Investors were concerned ahead of the French […]
Crude Oil Decline on Lower Demand Outlook
Crude oil futures declined on Monday in reaction to raising concerns over euro zone stability and slower economic data from China. Both factors made investors question the global demand outlook of the oil. However there was some positive news rumoring in the market too that International Monetary Fund has increased its lending capacity to safeguard […]
Crude Oil Supplies Gain 3.8 Million Barrels; Reports Energy Information Administration
Energy Information Administration released its report on Wednesday according to which crude oil inventories jumped 3.8 million barrels for the week ending April 13th, 2012. Analysts were expecting the increase of 400,000 barrels in crude oil supplies for the respective week. Gasoline stockpiles fell 3.7 million barrels as compared to analysts’ forecasted increase of 140,000 […]
Crude Oil Gains on Successful Spanish Bond Auction
Crude oil futures gained on Tuesday as worries on euro zone’s debt problems eased in reaction to successful bond auction in Spain. Moreover, Germany’s investor confidence also increased for the fifth consecutive month easing the tensions among investors for the euro zone. Crude oil futures contract for May delivery gained 1.2 percent or $1.27 to […]
Gold Slightly Gains as Concerns on Euro Zone’s Debt Fade
Gold futures slightly gained on Tuesday after a volatile session as the concerns over euro zone debt problems eased while US stock markets closed higher. Gold future contract for June delivery gained 0.1 percent or $1.40 to settle at $1,651.10 per ounce on the Comex division of the New York Mercantile Exchange. Gold plunged in […]
Crude Oil Ends Higher on Eased Tensions from Iran
Crude oil futures ended higher on Monday after a volatile session in reaction to eased tensions on Iran’s situation. The talks on Iran’s nuclear program eased the tensions over oil supply. The oil also got boost from higher stock markets and lower greenback. Moreover, the news of Seaway pipeline, Enbridge & Enterprise Products Partners asking […]
Gold Futures Fell on Better US Economic Data
Gold futures fell on Monday as the US dollar strengthened in reaction better than expected US economic data. Â Data on US retail sales came upbeat reporting a surprise increase of 0.8 percent for the third consecutive month. Investors were also attracted towards the safe haven status of the precious metal due to debt crisis in […]