Oil prices fell below $120 a barrel Tuesday on expectations the economic downturn in the U.S. will erode consumer demand for crude products.
Trading below the neckline is still seen and htat is why we see that the direction in the short term is still to the downside as far as trading is below $920 per oucne level. On the other hand, we also see a big chance for the metal to move to the upside since technical indicators and momentum indic...
Remaining above the 20 day moving average gave the metal more bullish momentum taking prices up an ascending channel on the short term despite the fluctations around the 17.65 support level. However, the moving average near the 17.48 level will provide silver with enough momentum to breach this resi...
CHICAGO - Agriculture futures traded mixed Wednesday on the Chicago Board of Trade.
NEW YORK - Stocks extended their rally to a second day Wednesday after an upbeat employment report from payroll company ADP made investors cautiously optimistic about the government's upcoming July employment report. The Dow Jones industrial average rose more than 100 points.
CAMARILLO, Calif. - A national survey shows gas prices have dropped a fraction below the $4-dollar mark.
NEW YORK - Whether or not any bubble has burst, Americans now live in an economy where the prospect of a gallon of gas for less than $4 is cause for relief.
SINGAPORE - Oil extended a rebound Friday, rising above $126 a barrel after several declines over the past two weeks, although the market remains weighed down by the belief that falling fuel demand does not justify the recent high prices.
NEW YORK - Gold futures fell the most in six weeks as crude oil prices dropped and a stronger dollar lowered the investment appeal for the metal as a hedge against inflation.
SINGAPORE - Oil prices slipped further Wednesday after tumbling more than $3 a barrel in the previous session as a hurricane looked likely to spare key oil installations in the U.S. Gulf of Mexico.
NEW YORK - Oil prices tumbled more than $3 a barrel Tuesday as Tropical Storm Dolly grew increasingly unlikely to threaten supply, giving traders one less reason to buy as a strengthening dollar helped keep prices in check.
HOUSTON - As giant oil companies like Exxon Mobil and ConocoPhillips get set to report what will probably be another round of eye-popping quarterly profits, just where is all that money going?
The major currencies were mixed on the Friday session amid a dearth of fresh economic news. However, the greenback took solace in a better-than-expected earnings report from Citigroup, propping the currency to above the 107-level against the yen to 107.08. Markets lauded Citigroup's earnings re...
NEW YORK - Crude oil fell on Friday below $129 after tensions about Iran's nuclear program eased when the U.S. agreed to enter into talks.
Before getting into this missive, I would like to state that other silver commentators make a very strong case for silver being a metal that does well in good, prosperous times. I absolutely agree. If the world at large were gaining in real wealth and the economy were humming along, we all might be ...
NEW YORK - The price of oil recorded its biggest weekly drop ever, and a gallon of gas finally pulled back from its record high. So is it time to declare the energy bubble popped?
SINGAPORE - Oil prices were steady Wednesday in Asia after plummeting more than $6 a barrel in the previous session on expectations a weakening U.S. economy will undermine crude demand.
CHICAGO (AP) - Agriculture futures traded mostly higher Friday on the Chicago Board of Trade.
NEW YORK - Gold futures rose to the highest level in New York since mid-March on record oil prices amid rising tensions with Iran which spurred the investment appeal of the precious metal.









