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Oil-041812_29Jan15.jpg U.S. crude oil rebounded to end slightly higher on Thursday, after some upbeat economic data from the U.S. showed first-time claims for unemployment benefits to have declined more than expected, igniting hopes of growth in demand for oil. In an encouraging sign, a report from the U.S. Labor Department...

Gold1-111714_29Jan15.jpg Gold futures plummeted to end sharply lower on Thursday, after some upbeat economic data showed first-time claims for unemployment benefits in the U.S. declined more than expected while eurozone economic confidence rose to a six-month high. This was the biggest daily percentage drop in 13 months. Investors...

Crude oil was testing its lowest in six years Thursday morning, as rising U.S. inventories helped confirm major global markets are oversupplied. OPEC is digging in its heels refusing to curb production in hopes that low crude oil will cripple its U.S. shale and Canadian oil sands competitors. The...

CrudeOil-011615_28Jan15.jpg U.S. crude oil plunged to end below the $45-mark on Wednesday, after an official weekly oil report from the Energy Information Administration showed crude oil stockpiles in the U.S. to have surged more than expected last week, with inventories at an 80-year high. Earlier today, a weekly report from...

Gold-012315_28Jan15.jpg Gold futures ended lower on Wednesday, ahead of the two-day Federal Reserve policy meet outcome with the dollar trending higher against a select band of currencies. Markets expect no change to the Fed rate, but await cues as to when the first rate hike may come. Some analysts predict tightening in...

Gold prices remained little changed Wednesday ahead of the Federal Reserve's latest interest rate decision. Markets expect no change to the fed funds rate, but are hoping for signals about when the first rate hike may come. Some analysts predict tightening in April, while others think the Fed will...

Crude oil prices fell Wednesday morning ahead of official U.S. inventories data that is expected to show a large build in oil and gasoline inventories. The American Petroleum Institute Tuesday afternoon said crude oil supplies in the U.S. rose 13 million barrels in the last week. The Energy Department...

Crudeoil3-111914_27Jan15.jpg U.S. crude oil snapped a three-day loss to end sharply higher on Tuesday, after the Organization of the Petroleum Exporting Countries indicated prices may have bottomed, with hopes that Saudi Arabia may step in to balance crude prices. Markets may be oversupplied right now, but OPEC Secretary-General...

gold-112014_27Jan15.jpg Gold futures snapped a two-day loss to end higher on Tuesday, as investors remained focused on the crucial Federal Reserve policy meet that began today, with the dollar trending lower after some disappointing durable goods orders data from the U.S. Although no major policy changes are expected to...

BP-Oilprice-012715.jpg British oil giant BP plc (BP.L, BP) will freeze employees pay in 2015, in order to control costs amid plunging crude oil prices, according to media reports. Reports say Chief Executive Bob Dudley announced the freeze in an internal memo to employees on January 26. Dudley said that the company requires...

Gold prices barely budged for a third day as traders looked ahead to a crucial Federal Reserve meeting that kicks off this morning in Washington. There are no major policy changes expected to be announced tomorrow at the end of the two-day meeting, but markets will be paying close attention for clues...

Crude oil futures were little changed near 6-year lows Tuesday morning in New York, after comments from OPEC indicating prices may have bottomed. Markets may be oversupplied right now, but OPEC Secretary-General Abdullah al-Badri warned of a risk of a future jump to $200 a barrel if suppliers abandon...

IBM on Monday refuted a blogger's claim the company plans 110,000 job cuts. Robert Cringely last week reported that IBM would slash 26 percent of its global workforce as part of a reorganization referred to as Project Chrome. "To fix its business problems and speed up its 'transformation' … about...

Crudeoil-012215_26Jan15.jpg After fluctuating for much of the day, U.S. crude oil ended lower to a near 6-year low for a third session Monday, amid speculation that the OPEC will keep prices low in a bid to stifle competition. Saudi Arabia, Iran and other major OPEC producers are convinced they can withstand cheap oil while...

Gold-051612_26Jan15.jpg Gold futures ended lower for a second straight session Monday, ahead of the Federal Reserve's policy meet minutes with waning safe haven appeal for the precious metal, even as investors remain focused on this week's closely-watched Federal Reserve meeting. Although the Federal Reserve members are...

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