Oil – Oil prices rose distinctly on Wednesday, with Brent crude rising above $110 a barrel, boosted by U.S. Federal Reserve plans for more monetary stimulus and a Texas refinery fire that lifted refined products futures.
Articles Tagged "crude oil prices"
Oil – Crude-oil futures held their ground below $86 a barrel Tuesday, with traders contemplating the outcome of decisions this week from the world’s main oil producers on production and the U.S. central bank on monetary policy, as well as data on petroleum supplies.
Oil – Oil turn upward for the first time in five days as China’s net crude imports rose to a six-month high in November and German exports unexpectedly increased.
Oil – Russian equities fell for the first time in four days as crude oil, the nation’s main export earner, fell and investors sold riskier assets amid a deadlock in U.S. budget talks.
The US and Chinese economies continued to show signs of recovery this week, but that wasn’t enough to support resource prices.
Gold – CNBC reported that gold dropped from its seven-month high due to profit taking caused by low crude and grain prices. The metal's volatility may build leading up to Tuesday's US COMEX gold option expiration.
Oil – Supply concerns dogging major producers have kept both Brent crude and WTI above $100 per barrel to begin the year.
Silver – The price of silver fell on Wednesday after making modest gains early in the trading week. After last week’s tremendous downfall, the downward pressure on price is being attributed to the improving US dollar, fall of oil prices, as well as momentum plays by speculative investors. Yet not all have soured on the white metal.
Gold – The price of gold remained generally flat Tuesday, up $1.70 to close at $1428.80 per ounce. However, the trend for increasing prices should be supported by rising inflation numbers surrounding sustained high oil prices.
Copper – Copper fell from a one-week high early Tuesday, as surging energy costs and inflation in China threatened to slow demand for the red metal.