Category: Oil & Gold Report

Crude oil price falls below 66 in European morning as USD recovers and stock markets weakens. Currently trading at 65.5, the benchmark contract for crude oil is vulnerable to further decline as…

Crude oil price fell to as low as 68.04 Wednesday after the US Energy Department reported huge builds in crude and gasoline inventory. The benchmark contract ended the day at 68.97, down…

Most commodities rose Tuesday as decline in USD resumed. WTI crude oil jumped +2.6% to 71.65 while Brent crude gained +2.7% to 70.53. Others in the energy complex also advanced with heating…

Broad-based decline was seen in commodity prices amid recovery in USD. WTI crude oil price dropped -3.2% to settle at 67.71 while Brent crude oil fell -3.7% to 68.69. Product prices plunged…

Crude oil price rose to as high as 73.16 Thursday as driven by better-than-expected US housing starts, initial jobless claims and Philly Fed manufacturing data. However, the gauge ended the day -0.1%…

Strong trading momentum in crude oil persists and the benchmark contract rises further to 72.7 in European morning. Investors remain thrilled by the huge draw in crude inventory despite weak fuel demand….

Crude oil price rallied +2.2% to settle at 72.51 Wednesday as oil inventory had a huge draw last week and decline in the dollar boosted demand for commodities. Others in the energy…

Gold price extends strength in European morning and rises to as high as 1023.3 amid renewed inflation expectations. Rally in stock markets driven by better-than-expected economic data drag the dollar lower. This…

Crude oil price rebounded strongly Tuesday as OPEC raised oil demand forecasts for 2009 and 2010, US economic data beat market expectations as well as Fed Chairman Ben Bernanke said that US…

Gold price continues hovering around 1000 in European morning but with a soft tone. Near-term outlook is mixed but the dollar remains a crucial determinant. USD recovers against the euro (currently trading…