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GasolinePrice-121814.jpg Christmas has come early for drivers this year, as U.S. average gas prices are below $2.50 a gallon for the first time since October 2009, according to driving group AAA. They dropped 2.77 cents per gallon overnight - the largest one-day drop since November 2008. The national average price of gasoline...

Oil-121814_18Dec14.jpg U.S. crude oil plunged to end over 4 percent lower on Thursday, on renewed worries over the oversupply situation amid demand growth concerns, even as U.S. stockpiles declined albeit less than expected last week. Earlier today, crude prices moved higher, lifted by short-covering and an upbeat jobs...

gold-112014_18Dec14.jpg Gold futures pared much of the gains but still ended higher on Thursday, tracking rising global equity markets, even as the dollar trended higher after some upbeat jobs data from the U.S. showed initial claims for unemployment benefits to have declined more than expected. Gold prices found some support...

Gold prices are higher Thursday morning, rebounding from two-week lows, ahead of weekly U.S. jobless claims data. The U.S. Federal Reserve's statement that it would remain 'patient' before hiking interest rates is supporting the precious metal. Gold futures for February delivery are up $11.70...

Crude oil prices are higher Thursday morning, lifted by short-covering after plunging to 5-1/2 year lows amid mounting worries about oversupply and demand growth concerns. A modest decline in U.S. crude inventories last week is also supporting oil a bit. Crude oil futures for January are up $1.18...

crudeoil-112514_17Dec14.jpg U.S. crude oil ended higher for a second straight session on Wednesday, having touched an intraday high of near $59 a barrel after an official weekly oil report from the Energy Information Administration showed crude oil stockpiles in the U.S. to have dropped, albeit less than expected. Meanwhile,...

Goldbars2-111814_17Dec14.jpg Gold futures snapped a five-day loss to end a tad higher on Wednesday, after having fallen sharply in the previous session amid renewed doubts to whether the Federal Reserve will signal tighter monetary policy later this afternoon. Nevertheless, the gains were very limited as the dollar strengthened...

Gold prices inched higher Wednesday morning after falling sharply in the previous session amid renewed doubts about whether the Federal Reserve will signal tighter monetary policy this afternoon. It once seemed a foregone conclusion that the Fed would remove its "considerable time" pledge from this...

Crude oil prices resumed their epic slide Wednesday morning, unable to sustain a brief rally due to weak projections for global demand during a supply glut. U.S. crude oil for January was down $1.41 at $54.54 a barrel in electronic dealing on the NYMEX. Crude has plunged to its lowest since 2009...

crudeoil-121514_16Dec14.jpg U.S. crude oil snapped a four-day losing streak to end a tad higher on Tuesday, after fluctuating for much of the day as the dollar weakened against a basket of major currencies on some soft data from the U.S. and China, and ahead of the official weekly oil report from the Energy Information Administration. Fluctuating...

gold-112414_16Dec14.jpg Gold futures ended lower for a fifth straight session on Tuesday, tracking rising global equity markets with investors focused on the U.S. Federal Reserve's monetary policy outcome on Wednesday. Gold prices edged higher earlier in the morning, with weak global equity markets prompting traders to...

Gold prices are edging higher Tuesday morning, bouncing back after four successive days of losses, with weak global equity markets prompting traders to seek the safe haven of the yellow metal. Traders await the outcome of the U.S. Federal Reserve's monetary policy meeting due tomorrow. Gold has pushed...

Crude oil prices are plunging sharply Tuesday morning, extending recent steep losses, amid mounting worries about oversupply and waning global demand. Meanwhile, traders are looking ahead to the weekly oil reports. While the American Petroleum Institute will come out with its oil status report for...

Crudeoil3-111914_15Dec14.jpg U.S. crude oil plummeted over 3 percent at close on Monday, as oversupply concerns and worries over global demand continued to weigh down oil. The OPEC is in no hurry to cut oil production even as oil prices continue their epic collapse, a top official from member nation United Arab Emirates said. The...

Gold-121514_15Dec14.jpg Gold futures ended lower for a fourth straight session on Friday, tracking sharply declining global equity markets with investors focused on the U.S. Federal Reserve's monetary policy due Wednesday. Markets expect the Fed to provide some clues regarding timing of interest rate hikes at the conclusion...