Oil futures slide ahead of ECB data

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Source: Investing.com
On Thursday crude oil futures slumped ahead of the conclusion of the ECB's meeting. WTI oil for March delivery lost 53 cents and traded at $47.25 per barrel, compared to $47.78 per barrel on the previous day. Brent crude futures for March delivery also declined, losing 29 cents and settling at $48.74 per barrel. According to expectation's, the US report on Thursday should show an increase in oil stockpiles, predicting a rise of 2.6 million barrels last week amid US pumping oil at the highest rate in 30 years and creating a supply glut.


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Thu, 22 Jan 2015 11:04:04 GMT

Gold falls amid investors booking profits before ECB meeting

On Thursday gold in the US declined due to investors booking profits ahead of the ECB meeting. Over the night from Wednesday gold remained above $1,300 level amid weak data on the US building permits, whereas housing starts met expectations and rose. Futures for February delivery dropped $7.60 and traded at $1,286.10 per troy ounce, compared to Wednesday's weekly high

Wed, 21 Jan 2015 21:50:04 GMT

UK currency slid after BoE meeting minutes

The Cable weakened after no MPC members were reported to vote in favour of an interest rate hike. The committee members Martin Weale and Ian McCafferty changed their mind regarding the suitable interest rate level due unstable and weak oil prices that in turn may lead to low inflation. In a different report, the UK wage growth came out below

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