Crude oil futures sink on the EU woes

Note: This section contains information in English only.
Source: Forexpros

Crude oil futures declined during the Asian trading hours on the growing concerns over the spreading crisis in the Euro Zone. The crude oil prices were supported by the tensions between Western economies and Iran over the Iranian nuclear programme. However, on the New York Mercantile Exchange, light, sweet crude futures for February delivery traded at USD93.44 a barrel during the morning, losing 0.34%.

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Mon, 19 Dec 2011 16:58:42 GMT

Grasberg mine: production restart delayed

Workers of the Freeport McMoRan's Grasberg copper mine have postponed the restart of production citing technical problems. The management and workers have had a three-month dispute over the wages that resulted in growing concerns over the copper supply. The production standoff supported metal's prices amid weak investor's confidence.  However, the mine is likely to restart operations by the end of this week thus weighting down on

Mon, 19 Dec 2011 16:56:35 GMT

German DAX experiences gains led by car makers

German DAX index saw an increase on Monday mainly driven by auto producers. Volkswagen AG advanced 3% after company announced it plans to sell 1.3 million of luxuries Audi AG in 2011.  BMW AG and Daimler AG added 2.84% and 1.42% respectively. Financials also provided positive contribution to the index as Commerzbank ascended 2.51% and Deutsche bank climbed 2.39%. At the moment of writing, German

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