EIA Reports Lower Than Expected Increase in Supplies Data - March 8, 2012 23:30

Energy Information Administration released its inventories report on Wednesday according to which crude oil inventories increased by 800,000 barrels for the week ending March 2nd, 2012 as compared to analysts’ expected increase of 2 million barrels. EIA also reported decrease of 400,000 barrels in gasoline stockpiles while analysts were expecting gasoline supplies to fall by […]

Crude Oil Declines on Global Economic Worries - March 7, 2012 23:43

Crude oil futures declined on Tuesday fell to their lowest in last two weeks in reaction to rising concerns over slow recovery in global economy. Moreover, a warning over possible Greece’s default by trade group disappointed investors further weakening the demand of commodities. As the reduced growth target by China wasn’t enough to shake the […]

Gold Futures Declines to their Lowest in Six Weeks - March 7, 2012 23:14

Gold futures remained under pressure on Tuesday in reaction to raising concerns over the global economy. Investors were concerned after the Institute for International Finance issued a warning of disorderly default by Greece. According to the trade group the default could cause the damage of 1 trillion euros in the euro region’s economy. The figure […]

Crude Oil Jumps on Supply Disruption Threat - March 6, 2012 23:57

Crude oil futures fell on Monday in reaction to the escalating worries over supply disruptions triggered by China’s economic data. Investors were uncertain after the news of reduced economic growth outlook by China moreover, United States and the euro zone also came up with disappointing economic data. Chinese Premier Wen Jiabao reduced China’s economic growth […]

Gold Futures Fall on Disappointing Economic Data - March 6, 2012 23:55

Gold futures declined on Monday in reaction to negative economic data from euro zone, United States and the China. ISM’s manufacturing index gained to 57.3 percent for February as compared to 56.8 percent in prior month. Factory orders declined 1 percent for January according to the US Commerce Department. China also lowered its economic growth […]

Crude oil Jumps to $110 per Barrel in Reaction to Pipeline Blast - March 2, 2012 23:52

Crude oil futures crossed the $110 per barrel mark on Thursday in reaction to the news of pipeline blast in Saudi Arabia. The news was reported the Iranian television however Saudi officials denied the incident. Crude oil futures contract for April delivery gained 1.7 percent or $1.77 to settle at $108.84 per barrel on the […]

Investors Take Fresh Position in Gold on Attractive Levels - March 2, 2012 23:50

Gold futures gained on Thursday as investors took fresh position on the precious metals due to its attractive levels. Gold fell in the prior session in reaction to comments of Ben Bernanke who expressed his doubts on US economic recovery. Gold futures for April delivery gained 0.6 percent or $10.90 to settle at $1.722.20 per […]

EIA Reports Increase in Crude Oil Inventories - March 1, 2012 23:49

Energy Information Administration released its weekly data on crude oil inventories on Wednesday according to which crude oil stockpiles gained 4.2 million barrels for the week ending February 24th, 2012 as compared to analysts expected increase of 1 million barrels. EIA also reported decline of 1.6 million barrels in gasoline inventories as compared to expected […]

Gold Jumps to Its Highest in Three Months - February 29, 2012 22:00

Gold futures rallied on Tuesday and reached their highest in last three months. Gold faced correction in prior two sessions which resulted in buying frenzy on lower prices on Tuesday. Moreover, weakening US dollar also gave metals a boost. Gold futures contract for April delivery surged 0.8 percent or $13.50 to settle at $1,788.40 per […]