Oil declines on supply report

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

Crude oil futures for delivery in January fall below $100 a barrel as market sentiment was impacted by bleaker economic outlook on the euro-zone coupled with supply report that indicated a large increase in the oil inventory level. The inventories increased by 1.3 million barrels this week, according to EIA report. Crude oil futures lost 0.9% to$99.67 on the New York Mercantile Exchange.

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Thu, 08 Dec 2011 06:57:07 GMT

Kinross starts gold mining in Ecuador

The government of Ecuador approved Kinross, Canadian gold production company, plan to start gold mining on the Frute del Norte deposit and the contract will be signed in the end of December or in the beginning of January, according to Wilson Pastor, Minister of non-renewable resources in Ecuador. The royalties from commodity contracts will fall in range between 5% and 8% depending on the gold

Thu, 08 Dec 2011 06:56:37 GMT

Foreign investors hold 55% of the US Treasury bonds

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