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Crude oil futures rose Friday, even as the U.S. oil rig count jumped for a fourth straight week. Baker Hughes said U.S. drillers added 16 rigs to bring the count to 798. The U.S. shale book has offset OPEC's supply quota plan that was intended to end the global oil surplus. Crude oil prices have...

Gold prices inched higher Friday, extending weekly gains amid expectations the Federal Reserve will raise interest rates only three times this year. Markets feared the Fed would raise interest rates four times, but a downbeat retail sales report is likely to give policymakers some reason for concern. April...

Crude oil prices continued to rise Friday morning ahead the weekly U.S. rig count report. U.S. drillers have been added rigs at a strong pace to take advantage of oil prices at 4-year highs, but OPEC has been determined to end the global supply glut by cutting production among its members. WTI...

Gold futures were slightly higher Friday morning, clinging to mid-week gains despite further signs of U.S. inflation. Gold was up $4 at $1359 an ounce, near its highest since January. Yesterday, the Labor Department said its producer price index for final demand climbed by 0.4 percent in January...

Crude oil prices rallied for second day Thursday, rising back near January's 4-year highs. Prices are back above $60 despite expectations that U.S. shale production will remain robust this year and next. Meanwhile, OPEC is reportedly telling its members to produce enough oil that to buffer the...

Gold futures inched lower as rising stocks dented the safe haven appeal of the precious metal. The DJIA was up 180 points as gold settled higher by $2.70, or 0.2%, at $1,355.30/oz. Gold surged yesterday to its highest in three weeks, but expectations that the Federal Reserve will soon raise interest...

Gold prices were flat Thursday morning after hitting 3-week highs in the previous session. Gold was down $3 at $1354 as traders digested wholesale inflation data. The producer price index jumped 0.4% for the third straight month, as expected. Yesterday, data showed consumer prices climbed by...

Crude oil futures were flat Thursday morning as traders continued to assess this week's U.S. oil inventories data. A relatively small build in U.S. oil stockpiles helped crude oil rebound from its recent losses yesterday. The Energy Information Administration reported a third consecutive weekly...

Crude oil futures nudged back above $60 a barrel Wednesday, as the U.S. dollar weakened on downbeat economic data. A relatively small build in U.S. oil stockpiles also helped crude oil rebound from its recent losses. The Energy Information Administration reported a third consecutive weekly build...

Gold futures surged Tuesday as mixed economic data dented the U.S. dollar and lowered expectations for agressive rate hikes from the Federal Reserve. Gold jumped $27.60, or 2.1%, to settle at $1,358 an ounce, taking back recent losses. A downbeat retail sales report hinted that the economy may...

Gold futures were flat Wednesday morning as stocks were set to extend their rebound from last week's drubbing. The latest inflation data released this morning has all but assured a March hike. The consumer price index jumped 0.5% in January to mark the biggest increase in five months. While...

Crude oil prices continued to fall Wednesday morning as traders considered the latest data on U.S. oil inventoties. The American Petroleum Institute (API) reported a build of 3.947 million barrels of United States crude oil inventories for the week ending February 9. That's slightly more than analysts...

Crude oil futures were steady Tuesday, but unable to recoup recent losses. Analysts point to a surge in U.S. shale oil production as the cause of oil's retreat from 4-year highs above $66. WTI light sweet oil for March was down 0.2% at $59.19/bbl. "For now, the upward momentum that drove the price...

Gold futures inched higher Tuesday despite remarks indicating the Federal Reserve is prepared to raise interest rates next month. The Fed is paying attention to risks to financial stability brought on by the recent correction in the stock market, but "We are in the process of gradually normalizing...

Crude oil futures were slightly lower Tuesday morning amid speculation that U.S. production will continue to rise. OPEC is cutting supplies, but non-OPEC output, particularly from the U.S. shale fields, is set to exceed global demand this year. "For now, the upward momentum that drove the price...

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