Crude oil rose ahead of OPEC meeting

Source: Forexpros
Crude oil futures moved higher in European morning trading as investors await OPEC meeting due later in the day. However, lingering concerns over the Eurozone economy after Spain's 10-year bond yields approached 6.854% capped the upswing. Currently, light, sweet crude oil futures for July delivery trading at 82.92 US Dollars per barrel on the New York Mercantile Exchange, climbing by 0.35%.


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Thu, 14 Jun 2012 11:09:53 GMT

U.S. consumer prices experienced its first drop in two years

The U.S. living costs experienced its first drop in two years in the month of May due to the decline in oil prices; reinforcing Fed's anticipations that lower-priced commodities may facilitate lower inflation. According to Bloomberg News survey, the consumer price index declined 0.2% in May. The reduced prices in energy could ease the situation in the U.S. in terms of its labor market and

Thu, 14 Jun 2012 12:15:44 GMT

Gold flat ahead of Italian debt auction

Gold prices were almost unchanged in European morning session ahead of Italian bond auction due later in the day. Escalated worries about financial instability in Spain and looming Greek elections continued to influence investors' sentiment.  COMEX gold August contract traded at 1,622.05 US Dollars per troy ounce on the New York Mercantile Exchange, rising by 0.15%.

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