Crude Oil Gains on Inventories Data - July 1, 2011 0:09

Crude oil futures gained 2 percent on Wednesday as investors got optimistic for the crude oil on the news of reduced US inventories surpassing all expectations. According to the latest report of Energy Information Administration crude oil inventories decreased by 4.4 million barrels for the week ended June 24th, 2011 as compared to expected decline […]

Crude Oil moves in a Strong Bullish Rally on Expectation of Higher Demand - June 29, 2011 23:56

Crude oil futures jumped on Tuesday as investors and most of the analysts foresee higher global demand for oil due to sluggish US economy and Greece’s debt crisis. Crude oil futures contract for August delivery jumped 2.5 percent or $2.28 to $92.89 per barrel on New York Mercantile Exchange. The surge on Tuesday was the […]

Gold Futures Recover on Tuesday after Three Consistent Bearish Trends - June 29, 2011 23:28

Gold futures gained on Tuesday and crossed the level of $1,500 per ounce as investors got optimistic for the base metals due to resolution for Greece’s sovereign debt crisis. Gold futures contract for August delivery gained 0.3 percent or $3.80 to $1,500.20 per ounce on Comex division of New York Mercantile Exchange. The respective contract […]

Crude Oil Moves down as IEA announces to Release more Oil Inventories in to World Markets - June 24, 2011 20:24

Crude oil futures plunged on Thursday after the announcement of International Energy Agency to release 60 million barrels of crude oil to world markets to cover the global shortage. Crude oil futures for August delivery declined 4.6 percent or $4.39 to $91.02 per barrel on New York Mercantile Exchange. The respective contract touched the day’s […]

Gold Futures moved up on Monday Despite Euro Zone Crisis - June 21, 2011 20:59

Gold futures contract gained on Monday despite rising worries over Greece’s debt. However, stronger greenback supported the base metals. Gold futures contract for August delivery gained 0.2 percent or $2.90 to $1,542 per ounce on Comex trading of New York Mercantile Exchange. Silver futures contract for July delivery also followed the gold’s pattern and surged […]

Gold Gained On Friday as Euro Settles Down - June 20, 2011 9:08

Gold futures gained on Friday on the news of support package for Greece’s debt problems. Among other news US consumer sentiment fell to 71.8 for the month of June as compared to 74.3 in May. Analysts expected consumer sentiment index to fell to 73.5 for the month of June. Gold futures contract for August delivery […]

Oil Futures Move up on Thursday after the Record Drop a Day Earlier - June 17, 2011 21:23

Crude oil futures gained on Thursday after declining by 5 percent on Wednesday’s session. The crude oil futures contract for July delivery surged 0.2 percent of $0.14 to $94.95 per barrel on New York Mercantile Exchange. Many analysts believe that crude oil has found support at these levels. In the news Greece’s debt situation and […]

Gold Futures Gained despite Escalating Concerns over Greece’s Debt Situation - June 17, 2011 20:52

Gold futures gained on Thursday despite rising concerns over Greece’s debt situation. Gold futures contract for August delivery gained 0.2 percent or $3.70 to close at $1,529.90 per ounce at Comex trading session of New York Mercantile Exchange. The contract touched the day’s high of $1,534 per ounce. Most of analysts believe the market seems […]

Crude Oil Moves above $95 in Asian Trading Hours - June 16, 2011 20:47

Crude oil futures gained in Asian trading session on Thursday as the US dollar witnessed selling pressure. Uncertainty rose among traders over the European Union’s inability to find solution for Greece’s debt problems. Crude oil futures contract for July delivery surged 0.7 percent or $0.69 to $95.50 per barrel on New York Mercantile Exchange’s Asian […]