Oil drops a second day amid U.S. jobless claims

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Source: Bloomberg
Oil cut fourth weekly gain as U.S. Fed lawmakers indicated they might end monetary easing this year, increasing concern that recovery of the U.S. economy might falter. Prices fell 0.8%, trimming crude's weekly rise to 1.5%. WTI oil for February settlement surged to $92.14 a barrel, down 78 cents, while Brent crude for February delivery fell 74 cents, or 0.7%, to $111.40 a barrel. WTI trading volume was 30% higher than 100-day average, whereas Brent stood 16% higher.

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Fri, 04 Jan 2013 08:25:57 GMT

Gold spiking from eight-year worst streak

Bullion traders forecast prices to bounce back from the longest eight-year losing streak after mounting concern that the U.S. policy makers are not doing enough to supervise the budget deficit stimulates demand for a wealth protection. Gold dropped 1% to $1,647.35 an ounce, while it climbed 7.1% in 2012; presently it is poised for a loss for the six week,

Thu, 03 Jan 2013 18:22:53 GMT

DAX

German shares fell on Thursday on concerns about the budget bill not being able to reduce fiscal deficit of the U.S. government. However, the losses were capped on better than forecast unemployment data. German unemployment advanced a seasonally adjusted 3,000 to 2.942 million instead of the expected 10,000 estimate, and the adjusted unemployment rate stayed at 6.9%. The DAX index

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