Friday, 24 November 2017
New York
Oil prices churn as geopolitical risks set against high U.S. crude exports remains key market feature

Oil prices edged up Tuesday morning, as market players weighed geopolitical risk against rising U.S. crude exports. December West Texas Intermediate crude, the U.S. benchmark CLZ7, +0.66% rose 33 cents, or 0.6%, to $52.23 a barrel. Meanwhile, Brent oil the global benchmark, rose 35 cents, or 0.6%, to $57.72 a barrel. In other energy products, gasoline for November delivery rose less than 0.01 cent to $1.6850 a gallon, while November heating oil futures rose 0.01 cent, or 0.2%, to $1.7906 a gallon. November natural gas fell 1 cent, or 0.5%, to $2.977 per million British thermal...

Gold Pushed Down by Mild Dollar Strength, Expected Recovery For Stocks

Gold prices slumped modestly Tuesday with ongoing uncertainty about future Federal Reserve leadership, the stock markets resiliency and relative quiet, for now, on the geopolitical front dulling demand for precious metals. Mild dollar strength also kept gold pinned just in the red and silver little changed so far on the day. Gold for December delivery slipped 60 cents to $1,280.30 an ounce. A close around this level would mark the lowest in nearly three weeks. Gold had started the day lower on Monday as well, before reversing its fortunes when stocks wavered. The SPDR Gold Trust was...

Gold falls to lowest settlement in more than 2 weeks

Gold prices settled Tuesday at their lowest level in more than two weeks, with strength in the U.S. stock market dulling demand for the precious metal amid uncertainty surrounding the leadership for the U.S. Federal Reserve. December gold fell $2.60, or 0.2%, to settle at $1,278.30 an ounce--the lowest since Oct. 6, according to FactSet data. Silver for December delivery ended at $16.966 an ounce, down 10.9 cents, or 0.6%. The iShares Silver Trust lost 0.9%. Source: MarketWatch

Oil Prices Finish at Highest Level Since Mid-April

Oil prices climbed for a third session in a row on Tuesday to settle at their highest level since mid-April. Prices got a boost after Saudi Arabia's oil minister reiterated a pledge to bring the crude market into balance and as risks to output from Iran and Iraq lingered. December WTI crude rose 57 cents, or 1.1%, to settle at $52.47 a barrel on the New York Mercantile Exchange--the highest since April 17, according to FactSet data. Source : Market Watch

Dollar Reaches Highest Since Mid-July; BOC, ECB in Focus

The dollar reached its highest since mid-July, as a drop in U.S. Treasuries sent the 10-year yield through a key level and investors waited for a slew of central bank meetings. The Bloomberg Dollar Spot Index rose about 0.2 percent, and the dollar gained versus the majority of its G-10 peers. Traders saw modest flows before the Bank of Canada meeting on Wednesday and the European Central Bank on Thursday, with the Canadian dollar falling to its lowest since mid-August versus the greenback. Though both central banks are expected to hold rates steady, traders will look for...