Posts Tagged ‘Commodities’
Gold and Oil News - August 12, 2011 23:48
Crude Oil Futures witness Profit Taking on Friday
Crude oil futures declined on Friday as investor opted for profit taking. Some negative sentiment was also seen in the market due to reduced consumer sentiment report. President of Strategic Energy & Economic Research in Massachusetts commented, “The consumer sentiment (data) didn’t help … People figured, better to stay out for the weekend.†According to […]
Crude Oil Jumps on Wednesday on Upbeat Inventories Data
Crude oil futures gained on Wednesday on the latest US inventories data. As per latest report of Energy Information Administration crude oil inventories reduced by 5.2 million barrels for the week ended August 5th, 2011 while analysts expected the increase of 1.8 million barrels for the respective week. EIA reported the increase of 1.6 million […]
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