Posts Tagged ‘Crude’
In electronic trading in Asia today crude oil prices declined for two consecutive days (9.5). Crude oil prices fell again in speculation that the U.S. economy weakened and China. Weakening of the economies of both countries with the largest economy has the potential to cause large drop in demand for commodities including crude oil.
Crude oil prices decreased by 0.9%, a decrease of 2.8% increase that occurred at the close trading weekend. Asian bourses, which fell looked more crude oil price movements. China’s service sector slowed in August.
Crude futures for October delivery declined 77 cents and traded at 85.68 dollars per barrel position. Crude oil prices are the most active contract late last week closed with a record of 2:48 sharp dollar decline (2.8%) in the position of 86.45 dollars per barrel. Read the rest of this entry »
After two consecutive days weakens, gold prices rose again on Tuesday trading. But unfortunately, on Wednesday, August 25 morning, the gold price back down.
Gold prices declined Wednesday morning to the position of USD1.230, 7 per ounce, while gold prices Tuesday was trading at levels USD1.229, 40 per ounce at 3:20 pm. Where, on Monday, the price will be in the position of USD1.223, 40 at the close of New York.
Gold turned higher on Tuesday, surpassing the two-day decline in a row after a sharp decline in U.S. housing data that evokes the desire of investors to the precious metal as a safe-haven investment.
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