Crude oil futures fell below $100

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Source: Marketwatch

Crude oil futures edged down during the early European trade on Friday despite supply concerns due to Iranian issue. On the New York Mercantile Exchange, crude oil futures for February delivery lost 29 cents to $99.39 a barrel. Brent oil eased down 34 cents to $107.69 a barrel, on the ICE Futures Exchange.

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Fri, 30 Dec 2011 12:34:20 GMT

Experts believe the silver is a viable investment option

Currently the commodity market provides an advantage to traders as price for precious metal declines but the metals are likely to appreciate in the nearest future, said James West, advisor of the Midas Letter Opportunity Fund. He expects the silver price to become about one-sixteenth of the gold one. The silver is likely to outperform the gold in the following year, according to Eric Sprott.

Fri, 30 Dec 2011 15:30:24 GMT

Euro moves toward its first yearly nonstop drop since 2001

17-nation currency depreciated 0.2% against US Dollar reaching $1.2937on London morning trade, escalating current year's drop to 3.3%. The euro is moving towards its first continuous fall since 2001 amid growing concerns about Europe's ability to tame debt crisis. The Euro Zone probably is in a slight recession already, suggests Michael Turner, a currency strategist at Royal Bank of Canada. EUR/USD currently trades at $1.2917. 

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