Crude declines on European rating cuts

Note: This section contains information in English only.
Source: Bloomberg
Crude dropped from the five week record high on speculation US oil supplies are increasing and fuel demand may fade as Europe struggles with downgraded credit ratings. Oil futures to be delivered in March fell USD 0.54 to USD 100.37 per barrel. March Brent oil gave up USD 0.73 to USD 117.20 per barrel. 
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Tue, 14 Feb 2012 08:41:27 GMT

Dolllar strengthens on Moody's rating cuts

US Dollar appreciated versus all its main peers after Moody's Investor Service lowered sovereign ratings on six European countries including Portugal, Italy and Spain. Greenback gained 0.2% against Euro to USD 1.3165 and strengthened 0.4% versus Japanese Yen to JPY 77.87. Currently EUR/USD is trading at USD 1.3159 while USD/JPY is trading at JPY 77.94. 

Tue, 14 Feb 2012 08:14:47 GMT

Precious metals extend downward trend

Gold futures extended losses on Asian trading hours as US Dollar strengthened on European sovereign downgrades. April gold futures lost 0.39% or USD 4.90 to USD 1720.10 on Tuesday. Silver for delivery in April gave up 0.44% or USD 0.21 to USD 33.53. March copper traded flat at USD 3.84 a pound. Platinum for delivery in April fell 0.35% or

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