Oil climbs for third day on signs of slowing US shale boom

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Source: Bloomberg
Oil continued its gain on speculation of slowing US shale boom that could reduce global glut, which has driven prices to the weakest in more than five years. Oil futures added 1.7% in New York, cooling a seventh weekly drop, and WTI crude for February settlement rose 82% to $49.61 a barrel and traded at $49.05 in Singapore.

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Fri, 09 Jan 2015 14:15:29 GMT

Gold rebounds from two days losses before US payrolls report

Gold extended its three-week rally, halting two days drop, before monthly US employment data release that will show the borrowing costs outlook in the world's biggest economy. Gold for immediate delivery added 0.5% to $1,214.35 an ounce, while bullion for February settlement advanced 0.3% to 1,212.30 an ounce.

Fri, 09 Jan 2015 06:39:03 GMT

Jobless claims dipped since US employers maintain holiday workers

Fewer Americans applied for unemployment benefits, since the labour market forces employers to hold seasonal workers due to the economic expansion and an increase in consumer spending. As a result, jobless claims slipped to 294,000 during the week ended on 3rd of January. The necessity to keep employees may compel companies to raise wages. The previous week's figure was 298,000

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