Crude oil slid amid easing supply concerns

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Source: Forexpros
Crude oil futures declined in Asian session on Wednesday as Iran is ready to invite nuclear inspectors, the move that may ease oil import sanctions. Light, sweet crude oil futures for July delivery traded at 91.27 US Dollars per barrel, retreating by 0.63% from the last session's high of 91.72 US Dollars per barrel.
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Wed, 23 May 2012 07:38:44 GMT

IMF calls for further rate cuts in the UK

The IMF reported that persistent weakness of the UK's economy means that officials have to consider more QE measures and further reduction of the interest rates. In case currently implemented budget cutting plan slows growth essentially, the country has to delay it, the IMF added. The easing measures may create inflationary pressure but the IMF suggestion came after UK inflation

Wed, 23 May 2012 07:24:45 GMT

Gold fell after Greek comments

Gold declined during Asian trade on Wednesday as recent announcement of Lucas Papademos, former Greece's PM, that the possibility of Greece leaving the Euro Zone still remains weighted on the risk-appetite among investors. COMEX gold June contract traded at 1,566.35 US Dollars per troy ounce on the New York Mercantile Exchange, losing 0.64%.

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