Posts Tagged ‘NYMEX’
Gold and Oil News - October 9, 2012 23:58
Crude Oil Declines on Global Demand Uncertainty
Crude oil futures declined on Monday as investors remained uncertain over global demand of oil in reaction to slow Chinese economic growth. The World Bank on Monday reduced its growth forecasts for the East Asia and the Pacific region which created concerns over economic activity in the regions. The World Bank also indicated that Chinese [...]
Gold Declines ahead of ECB Meeting
Gold futures fell on Wednesday as investors had mixed opinions before the meeting of European Central Bank on Thursday. Investors are also keenly waiting of US jobs data due on Friday. Gold futures contract for December delivery fell 0.1 percent or $2 to settle at $1,694 per ounce on the Comex division of the New [...]
Gold Futures Plunge on US Fed’s Operation Twist Program
Gold futures declined on Wednesday mainly in reaction to the US Federal Reserve’s decision to continue its “Operation Twist” program till the end of the current year. US Fed’s “Operation Twist” program comprises of twisting the yield curve by selling short term securities while buying long term securities. The US Federal Reserve also decided to [...]
EIA Reports Minor Decline in Oil Inventories
The Energy Information Administration reported its official figures on crude oil inventories on Wednesday according to which crude oil supplies fell by 100,000 barrels for the week ending June 1st. Analysts were expecting a decrease of 1 million barrels in crude oil supplies for the respective week. Another trade group, the American Petroleum Institute reported [...]
Gold Futures Gain on Technical Support Levels
Gold futures gained on Wednesday despite stronger US dollar. The precious metal remained volatile in the whole session and was lower in the start of the session however recovered later as it reached very attractive levels for investors to make a fresh entry. According to analysts, gold witnessed at technical bounce on the support level [...]
EIA Reports Increase of 900,000 Barrels in Oil Inventories
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 [...]
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 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 [...]