Crude Oil Falls on Dollar Strength - April 4, 2012 23:54

Crude oil futures declined on Tuesday as the latest minutes of US Federal Reserve’s meeting revealed no chances of further easing in monetary policy. The news strengthened the US dollar making commodities and crude oil less attractive. The dollar index DXY which tracks the US dollar movement against the basket of its six major rivals […]

Oil Jumps on Better Than Expected US Manufacturing Data - April 3, 2012 23:55

Crude oil futures advanced on Monday as investors were optimistic after the release of US manufacturing data. Further to add, the decision of Iraq to stop oil exports from Kurdish region further gave support to oil in global markets. As per latest data of the Institute for Supply & Management the US manufacturing index gained […]

Gold Futures Gain US Manufacturing Data - April 3, 2012 23:51

Gold futures gained on Monday in reaction to positive US manufacturing survey which also boosted US equities and other commodities such as oil. The Institute for Supply and Management’s index for the month of March increased to 53.4 percent as compared to 52.4 percent in the month of February. Economists were expecting the figure of […]

Gold Futures Decline on US GDP Growth Rate - March 30, 2012 23:53

Gold futures declined on Thursday as bearish sentiments dominated the markets after the release of US gross domestic product growth rate. According to the US Commerce Department the gross domestic product for the fourth quarter gained 3 percent as compared to analysts’ expectations of 3.2 percent. However the economist revised the growth rate to 3 […]

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 […]