Oil drops for a second session on increased supplies

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Source: Bloomberg
Crude prices declined for a second straight day as US oil supplies expanded and Fed signalled no additional accommodation currently is needed. May oil gave up USD 0.41 to USD 103.6 a barrel. Yesterday the contract dropped 1.2% to USD 104.01 a barrel. Brent oil to be delivered in May shed USD 0.23 to USD 124.63 per barrel. Oil supplies rose by 7.8 million barrels last week. 
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Wed, 04 Apr 2012 08:11:21 GMT

Aussie declines on unexpected trade gap

Australian currency fell against most of its peers on Wednesday as data showed nation unexpectedly faced a trade shortfall in February. Aussie lost 0.5% versus greenback to USD 1.0278, close to the lowest since reading January 16. Meanwhile Kiwi gave up 0.3% to USD 0.8168. Currently AUD/USD is trading at USD 1.0289 and NZD/USD is trading at USD 0.8173.

Wed, 04 Apr 2012 07:30:48 GMT

Gold and silver prices tumbles in electronic trade

Precious metal futures fell in electronic trading on Wednesday as Federal Reserve erased hopes for additional monetary stimulus. Gold to be delivered in June slumped 1.6% or USD 27.50 to USD 1,644.30 an ounce while May silver fell 2.9% or USD 0.97 to USD 32.30 per ounce. June palladium lost 1.1% or USD 9.6 to USD 650.00 per ounce. Platinum

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