Oil falls below $94

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Source: Marketwatch

Crude oil futures extended losses on Monday after tumbling by over 7% in the last three trading sessions. The commodity was affected by the death of Kim Jong-il and the ECB president's announcement on the  ECB played down the role in solving debt crisis. On the New York Mercantile Exchange,  light, sweet crude oil futures for delivery in January lost 32 cents to $93.21 a barrel.

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Tue, 20 Dec 2011 08:18:53 GMT

Asian shares erase some of yesterday's losses

Asian markets recovered on Tuesday from North Korean news and partly erased previous session's losses. South Korea's Kospi added 0.7% while Hong Kong's Hang Seng Index climbed 0.6%. Japan's Nikkei Stock Average traded up 0.7%, China's Shanghai Composite advanced 0.1% and Australia's S&P/ASX 200 index jumped 0.2%. The recent drop was more sentiment driven, suggest analysts.

Mon, 19 Dec 2011 18:51:31 GMT

Gold futures slide further

Gold futures declined failing to recover after 7% drop last week. Analysts claim the reason is stronger US dollar as it makes the dollar-priced metal more expensive for other currency holder and decreases the safe-haven appeal of the commodity. Gold futures for delivery in February lost $4.90 to $1,593.20 an ounce.

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