WTI oil prices set high as investors await U.S. jobs data

Source: Bloomberg
© Scanpix/Reuters
WTI oil prices jumped to almost highest level in 14 months and was heading towards second weekly gain as investors speculated that the U.S. will increase its demand. Future contracts were virtually unchanged and was at $101.24 a barrel on June 3. WTI for delivery in August traded at $101.03 a barrel today. Prices have increased 4.6% this week so far.
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Fri, 05 Jul 2013 07:18:05 GMT

Rubber prices fall amid China's growth concerns

Rubber prices decreased due to signs that Chinese economy is slowing, increasing concerns about demand for the commodity. Rubber December contracts dropped 0.7% to 245.1 Yen per kilogram and was last traded at 245.9 Yen. This week's reports showed that Chinese growth in manufacturing and non-manufacturing slowed as the government is trying to decrease country's dependency on exports.

Fri, 05 Jul 2013 06:45:04 GMT

Australian and New Zealand Dollars drop

The New Zealand and Australian Dollars did not continue yesterday's appreciation against the U.S. Dollar before the U.S. announces its labour market data. The Aussie gained yesterday amid comments about loose monetary policy from the ECB and the BOE. The Australian currency lost 0.1% and traded at 91.35 U.S. cents, while Kiwi Dollar dropped 0.2% to 78.13 U.S. cents.

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