WTI Crude Declines Amid Economic Slowdown

May 16, 2013
WTI Crude Declines Amid Economic Slowdown

West Texas Intermediate continues its bearish trend amid signs of economic weakness in most of its major consumers. Data released yesterday showed below expectations economic growth in Germany, slip into recession by France, Italy performed worse than forecast and the U.S. showed slowdown in the industrial sector. This and the […]

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China Shows Increased Gold Demand

May 16, 2013
China Shows Increased Gold Demand

China’s gold demand increased in the first quarter by 20%, reaching 294,3 metric tons according to a report by the World Gold Council. Global demand fell 13% to 963 tons compared to Q1 2012 and gold slipped into a bear market after its biggest drop on April 15 as inflation […]

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WTI Crude Remains Low After Surprising Inventory Report

May 15, 2013
WTI Crude Remains Low After Surprising Inventory Report

According to the U.S. oil reserves report released today, crude inventories decreased by 624 000 barrels last week to 394,9 following its record amount since 1931. Economists expected a 450 000 barrels gain. Phil Flynn,senior market analyst at the Price Futures Group in Chicago said: “We are still swimming in […]

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Brent Oil Slips Below $102

May 15, 2013
Brent Oil Slips Below $102

Brent oil tumbled below $102 a barrel on May 15 after latest data revealed worsening in all of Europe’s major economies, including France falling in recession. Germany dodged contraction of its economy as consumption increased, but its GDP growth was barely enough to compensate for Europe’s economy slowdown as a […]

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Copper at a 1-week low

May 15, 2013
Copper at a 1-week low

Copper reached a 1-week low after data showed the economies of it’s three biggest consumers – China, USA and Germany, are slowing down. JPMorgan Chase & Co. cut its growth estimate this year for China from 8% to 7,6%. Germany also showed negative signs with a worse than expected performance. […]

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WTI crude near two-week low

May 15, 2013
WTI crude near two-week low

WTI crude fell for a fifth day near a two-week low amid low demand and increased stockpiles. The Energy Information Administration’s oil reserves report is scheduled for release in the morning. The industry-funded American Petroleum Institute said that U.S. crude inventories gained 1.1 million barrels last week and according to […]

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Gold Falls Amid Worsening EU Situation

May 15, 2013
Gold Falls Amid Worsening EU Situation

Gold retreated on a stronger dollar after worse-than-expected data from the Euro zone pressured the euro. Data showed yesterday that the German ZEW index rose well below expectations, while the index of current conditions fell. Gold slipped further today after reports showed that France’s economy will enter a recession following […]

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Royal Dutch Shell Plc , BP Plc and Statoil ASA Being Probed for Price Fixing (Updated May 16)

May 15, 2013
Royal Dutch Shell Plc , BP Plc and Statoil ASA Being Probed for Price Fixing (Updated May 16)

According to Royal Dutch Shell, BP, Statoil – three of Europe’s biggest oil producers, and Platts – the oil-price data collector owned by McGaw Hill Financials Inc., they are being investigated by the European antitrust regulators about potential manipulation of prices. The probe aims at the lack of transparency in […]

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Dollar Rebounds, Gold Slips Again

May 14, 2013
Dollar Rebounds, Gold Slips Again

Gold fell during the afternoon european session today after the greenback gained strength following disappointing data from Germany. The ZEW index of German economic sentiment rose to 36,4, up from 36,3 in April, but way below expectations of of 38,3. The index of current conditions fell to 8,9 from 9,2 […]

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Copper Falls Amid Chinese Industry Slowdown

May 14, 2013
Copper Falls Amid Chinese Industry Slowdown

Copper slid the most in two weeks following signs of slowing in China’s growth – the world’s biggest consumer of the metal. The Asian nation is responsible for around 40% of the copper consumption worldwide and for a long time has been one of the main factors, which influence the […]

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