Crude oil eased down on profit-taking after the EU summit

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Source: Forexpros
Crude oil prices declined in Asian session on Monday as traders started to cash out from the market to lock gains after last week's rally. Even a start of a full Iranian oil embargo on July 1 failed to support the commodity.  Light, sweet crude oil futures for August delivery traded at 84.25 US Dollars per barrel on the New York Mercantile Exchange, losing 0.83%.


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Mon, 02 Jul 2012 07:02:32 GMT

Gold declined as the EU summit impact faded

Gold futures inched down in Asian session on Monday, erasing previous gains on news that the EU leaders managed to agree on measures to combat crisis in the area. Comex gold futures for delivery in August traded at 1,591.15 US Dollars per troy ounce on the New York Mercantile Exchange, sliding 0.81%.

Mon, 02 Jul 2012 06:31:31 GMT

Australian PMI contraction eased last month

Australian manufacturing sector continued to shrink last month; however, the pace of contraction slowed, reported Australian Industry Group. The country's PMI added 4.8 points on a seasonally adjusted basis in June to approach 47.2. The survey also indicated that manufacturers are the most concerned about appreciating Australian Dollar, tough competition and the start of carbon tax.

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