commodities

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Commodities News – Crude oil prices rally above $104

Posted on April 20, 2012 2:22 pm GMT

Crude-oil prices rallied sharply today, rising above $104 for the first time since dropping by over $20 on Wednesday.
Positive news flow from Europe and the UK  helped lift market sentiment. Also talks of a boost to the IMF firepower eased […]

Forex News – Gold falls to mid-January lows

Posted on March 14, 2012 7:15 pm GMT

Gold prices have fallen to their lowest level since mid-January, after extending a decline during the New York trading session on Wednesday. The precious metal has been weakening since the U.S. Federal Reserve’s somewhat brighter economic outlook boosted the dollar […]

Oil trading – Crude oil slides on China data; Canadian dollar weakens

Posted on March 12, 2012 7:32 pm GMT

Crude oil prices slid for the first time in four days, erasing last week’s gain from the highest price in more than a week after Chinese economic data signaled weaker growth in the world’s second-largest consumer of oil.
China had its […]

Commodities – Gold prices fall below $1,700 on global growth concerns

Posted on March 12, 2012 2:32 pm GMT

Spot gold prices dipped on Monday below the key $1,700 level as a result of China posting its largest trade deficit in over 20 years. China is the world’s second largest economy and top commodities consumer, which is why generally […]

Commodities – Oil hovers near 9-month high on Greece deal and Iran embargo

Posted on February 21, 2012 2:47 pm GMT

Crude oil prices remain close to nine-month highs today, hovering close to $105 a barrel. On Monday prices touched $105.42, the highest since May 2011 as sentiment on a Greek bailout deal helped buoy commodity prices.
Recently oil has given a […]

Commodities – Crude Oil surges above $105 a barrel

Posted on February 20, 2012 7:40 am GMT

Crude oil prices surged higher on Monday, tracking gains in most markets during Asian trading hours after a move by the Chinese central bank to ease monetary policy. This helped lift market sentiment.
Crude for March delivery rose to $105.19, the […]

Commodities – Oil rises after unexpected drop in EIA inventory and Iran supply cutoff concerns

Posted on February 15, 2012 4:58 pm GMT

Oil prices jumped sharply earlier today on concern about supply disruption from Iran after Iran’s Press TV reported Iran had banned exports to six EU countries in retaliation for European Union sanctions against the Islamic state.
Crude oil for March delivery […]

Commodities News – Oil prices up on weaker dollar after Fed statement

Posted on January 26, 2012 9:26 am GMT

Oil prices hold on to gains made late Tuesday, driven by a weaker dollar as a result of the US Federal Reserve announcement to keep interest rates low until 2014.
Such a policy move by the Fed aims to bolster economic […]

Forex News – Canadian dollar rebounds, lifted by rising oil prices

Posted on January 23, 2012 3:45 pm GMT

The Canadian dollar strengthened against a broadly weaker U.S. dollar as positive sentiment in Europe helped to push the Canadian dollar close to parity with the greenback. Rising oil prices also helped lift the commodity-linked currency.
The U.S. dollar was recently […]

Oil Trading News – Oil prices rebound from four-week lows on Iran threats

Posted on January 16, 2012 1:30 pm GMT

Oil prices rebounded today primarily due to geopolitical supply-side concerns. Oil climbed from the lowest price in almost four weeks as Iran said that a disruption to crude supplies through the Strait of Hormuz would cause a shock to markets […]