Today's US jobs data pushed precious metals down, but gave Brent crude a boost. Meanwhile, copper sank this morning on the back of a bond default.
Articles Tagged "crude oil price"
Gold, silver and copper are all faring well today, though Brent crude is down marginally.
Oil – February 12 to April 22 is crude oil's seasonal "sweet spot." Here are two ETFs worth taking a look at the market enters that period.
Worries about the Fed's stimulus cut, data out of China and emerging markets weighed on gold, silver, copper and oil prices this week.
Commodities fell today as investors remained cautious over the future of the Federal Reserve's stimulus program and after positive economic data caused the dollar to rise.
Commodities were boosted today by optimistic expectations for the global economy.
The commodities market has been fairly volatile since Federal Reserve Chairman Ben Bernanke suggested the central bank could soon end quantitative easing.
The US dollar advanced July 5 following a positive report on the nation's job market.
Oil – Remember when oil shot up to $148 a barrel? Chen Lin does, and he sees potential for Wall Street market manipulation to push the oil price in the opposite direction—as low as $47 a barrel. Plus, he's bearish on China now. The good news is that Lin, publisher of What Is Chen Buying/Selling?, was willing to share his personal investment strategy in his interview with The Energy Report. Find out where Lin booked profits this year and get the names he's turning to for protection against oil price downside.
Commodities traders are awaiting clarification about the United States Federal Reserve's monetary easing policy, causing prices to stabilize.