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Crude oil prices rose Tuesday amid reports that Saudi Arabia wants $70 oil. It was previously thought that +$60 oil would compel the Saudis to pump more oil in an effort to keep prices low. They do not want to tempt the U.S. oil drillers to increase output, but $70 oil could work for everyone, according...

Gold prices plunged Tuesday, posting the biggest daily loss in more than a year due pent up selling after the President's Day break. Gold dropped $25 to $1331 as many Asian traders were away from their desks for Lunar Day. US stocks are sharply lower in afternoon trading, but gold has not enjoyed...

Crude oil futures were higher Tuesday morning amid word that Canadian production is slipping. However, the advance in crude oil prices was limited by expectations that U.S. production will remain robust. Last week, the number of U.S. oil rigs drilling for new production rose for a fourth straight...

Gold futures fell Tuesday in post-Presidents Day trade, as the dollar continued to strengthen versus major rivals. Gold was down $14 at $1341 an ounce, trimming last week's gains. With no first tier economic data on tap, markets are expected to remain quiet today after a few weeks of volatility....

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...

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