Oil futures climb on declining inventories

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Source: Marketwatch
US crude futures advanced on East Asia trading session on Wednesday as oil inventories fell and US Dollar weakened boosting demand for Dollar-priced commodity. May crude climbed 0.4% or USD 0.47 to USD 106.54 on the New York Mercantile Exchange. Gasoline modestly ascended, adding USD 0.01 to USD 3.37 per gallon. Heating oil to be delivered in April remained flat at USD 3.24 per gallon.
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Wed, 21 Mar 2012 08:51:22 GMT

Aussie and Kiwi rebound on European optimism

New Zealand and Australian Dollar retreated from yesterday's fall and gained on Wednesday on investor hopes European debt woe is fading, stimulating demand for riskier assets. Aussie added 0.2% against greenback to USD 1.0495 and Kiwi improved 0.3% to USD 0.8192. Currently AUD/USD is trading at USD 1.0498 and NZD/USD is trading at USD 0.8198.

Wed, 21 Mar 2012 08:33:33 GMT

Gold futures higher on electronic trade

Gold futures advanced on Wednesday electronic trade as US Dollar weakened. April gold climbed 0.32% or USD 5.20 to USD 1,652.30 per ounce on the Comex division of the New York Mercantile Exchange. Silver to be delivered in May added 1.04% or USD 0.29 to USD 32.13 per ounce. Weaker greenback encourages investors to purchase more dollar-denominated commodities. 

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