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Crude oil futures continued to march near $50 a barrel Thursday, powered by hopes that OPEC can re-balance the global oil market. Supplies have outweighed demand this year, but OPEC has committed to supply cuts through 2018 if necessary. Meanwhile, US crude oil inventories have tumbled from this winter's...

Gold futures rose Thursday, hitting 6-week highs ahead of tomorrow's closely-watched U.S. GPD report. Growth is likely to have accelerated to 2.8% in the second quarter, much faster than the 1.4% rate achieved in the first three months of the year, but still a bit subdued by historic standards. August...

The rally in crude oil prices petered out Thursday morning amid speculation recent gains were overdone in light of the global supply glut. Global markets remain oversupplied despite OPEC's production quotas and signs that U.S. output may be dwindling. U.S. inventories have plunged in July, with...

Gold futures were higher Thursday morning, touching a two-month peak after the Federal Reserve failed to specify when it will start reducing its $4.5 trillion balance sheet. In a statement hinting at concerns about stubbornly low inflation, the Fed also demurred on when to expect another rate hike....

Crude oil futures surged toward the $50 a barrel mark, the highest in almost two months, as data confirmed U.S. oil stockpiles are falling fast. Crude inventories fell by 7.2 million barrels in the week to July 21, compared with analysts' expectations for a decrease of 3 million barrels, the Energy...

Gold futures inched lower Wednesday, but steadied in electronic trading after the Federal Reserve failed to offer specifics about its plan to unwind its bloated balance sheet. The Federal Open Market Committee voted to maintain its key interest rate at a 1.00 to 1.25 percent range, but vowed to raise...

Gold futures edged lower Wednesday ahead of the Federal Reserve's interest rate decision this afternoon. The Federal Open Market Committee announcement is expected at 2.00 pm ET, and is expected to hold their federal funds target at a 1.00 to 1.25 percent range. Markets anticipate details about...

Crude oil futures continued to rise Wednesday morning amid hopes that OPEC's determination to cut supplies will end the global supply glut. WTI light sweet crude oil was up 43 cents at $48.32 a barrel, the highest in almost two months. U.S. oil inventories dropped a stunning 10.23 million barrels...

Gold futures were little changed Tuesday amid surprisingly upbeat economic news. August gold fell $2.20, or 0.2%, to settle at $1,252.10/oz, easing from a 6-week peak. Traders moved to the sidelines ahead of the Federal Reserve's monetary policy announcement tomorrow afternoon. The Fed is not likely...

Crude oil futures surged Tuesday to the highest in six months, as OPEC vowed to re-balance oil markets even if it takes supply quotas through 2018. Saudi Arabia announced it would cut August exports to 6.6 million barrels a day, while Nigeria will be compelled to join the supply quota plan after having...

Crude oil futures rose Tuesday after OPEC said global demand is rising just as supplies are being reduced. At a meeting in Russia, Saudi Arabia confirmed it would restrict its exports to support global balance, while Russia insists it will continue its participation in the supply quota plan perhaps...

Gold futures were flat Tuesday morning as the Federal Reserve gathered for a two-day monetary policy meeting. The Fed is not likely to raise interest rates but may detail plans to trim its $4.2 trillion balance sheet. Gold was down $3 at $1256 an ounce, trimming recent gains. The precious metal...

Crude oil futures tumbled Friday, giving back strong gains from earlier in the week amid concerns that next week's OPEC meeting will fail to address the global supply glut. Sept. WTI oil settles at $45.77/bbl, down $1.15, or 2.5%, on Nymex. Prices were down 2.1% for the week, tumbling from a 6-week...

Gold futures continued to rise Friday, extending weekly gains as stocks languished. With risk aversion picking up, gold has jumped to highest in more than a month due to its safe haven appeal August gold climbed $9.40, or 0.8%, to settle at $1,254.90/oz, having picked up 2% this week. Silver has also...

Crude oil futures fell Friday morning ahead of a closely-watched OPEC meeting and the U.S. rig count. OPEC and certain non-OPEC nations like Russia will meet in Moscow Monday to discuss their supply quota plan. Reports suggest Saudi Arabia will insist on compliance from Libya and Nigeria who have...

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