Oil strengthens, while market worries over US stockpiles

Source: The Wall Street Journal
Oil moved somewhat higher, even though gains remained limited due to a surprising surge in US inventories, which pushed prices down previously in the session. WTI futures for November delivery were up $0.17 to trade at $47.98 per barrel, whereas futures for Brent stepped up $0.15 trading at $51.48 per barrel. As reported by EIA, the US crude oil reserves increased by 3.1 million barrels in the week to October 2 reaching unexpected 461 million barrels.
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Fri, 09 Oct 2015 11:58:05 GMT

Gold prices move higher amid Fed rate hike uncertainty

Prices for gold edged higher on Friday following the US Dollar weakness after the FOMC's recent monetary policy meeting giving little indication on an interest rate increase until the end of 2015. Thus, gold futures stepped up 0.1% to $1,140.10 per ounce, after tumbling 0.6% in the prior session. The bullion is up 2% for the week. As to other

Thu, 08 Oct 2015 08:05:05 GMT

Australian Dollar drops against Greenback

The Aussie tumbled against its US counterpart following the Greenback's recovery from its recent losses recorded due to speculations that the Federal Reserve will postpone its interest rate hike until beginning of next year. The AUD/USD pair reached its session low of $0.7165 over late Asian trading. Subsequently, the currency pair fell 0.46% to change hands at $0.7174. 

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