Crude Oil Extends Fall After Inventory (USO, UNG, AONE, RIG, CVI, CLR) Crude oil was the worst performing commodity on Wednesday with prices slumping over 2% to below $105 a barrel on reports of a possible coordinated oil release by France, the U.S. and the U.K and worse than estimated inventories. Crude for May...
Gold Jumps Over 1.50% On Weak Dollar (GLD, SLV, GG, CDE, SWC, HL, FCX, SCCO) Gold prices ended higher over 1%, bouncing back from its recent fall supported by weak dollar, which had pushed the yellow to 9-week low in yesterday’s session. Gold for April delivery added $21.30, or 1.3%, to settle at $1,663.80...
Crude Jumps Over $2 in Volatile Session (USO, UNG, BHI, GEL, HERO) Crude oil jumped over $2 in the past few minutes in volatile session after Reuters reported that Iranian oil exports decreased in March by around 300,000 barrels per day, or 14%. May crude rose $2.07 or 2% to $107.32 a barrel on...
Crude Slump Below $105 On China & Reserve Release Talks (USO, UNG, FSLR, XOM, ENB, PQ, FCEL, DQ) Crude oil slumped on Thursday and the prices fell below to one week low after reports of a slowdown in Chinese manufacturing and Europe. Crude oil for May delivery slumped $2.38, or 2.22%, to $104.88 a...
Crude Jumps In Early Trade (USO, UNG, DVN, ACI, HES, QRE) Crude oil opened higher on Monday as Saudi Arabia is taking steps to calm the oil market, increasing exports, filling up strategic oil stocks overseas and tapping oilfields to expand production capacity. Crude for April delivery added 60 cents, or 0.6%, to $107.66...
Crude Jumps As Officials Deny Reports Of release of crude reserves (USO, UNG, VTG, NOV, CRZO, ARP, RIG, RDS.A) Crude Oil climbed on Thursday as the government officials denied that the U.S. and the U.K. plan to release some of their strategic crude reserves, which had pushed oil lower to below $104 on Thursday....
Gold & Silver Plunge 3% each (GLD, SLV, GG, KGC, AUY, HL, SLW, FCX, SCCO) Gold prices slumped another 3% on Wednesday as the latest Federal Reserve’s brighter economic outlook shaded hopes of another round of quantitative-easing program. The most actively traded contract, for April delivery, was recently down $45, or 2.70%, at $1,648.80...
