Monthly Archives: March, 2011
Oil falls third day as the European Debt outweighs Mideast Unrest
Oil fell for third day in New York and the fact that the current nuclear crisis, the recovery efforts in Japan and European countries can cut the debt question, overshadowed unrest in Libya and the Middle East to slow down. TOP Market News Hedge Funds Boost Gas Bets most in three months: Energy Markets Hedge [...]
Gold, Silver Prices Plummet on profit-taking
Gold and silver prices tumbled as investors weighed recent highs in precious metals and looked to lock in profits before the second quarter. Gold for April delivery lost $ 14.70 to $ 1,411.50 an ounce on the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $ 1,430 [...]
Petroleum shares rise as gasoline supplies dip
NEW YORK – Shares of oil producers in the energy sector led gains on Wednesday as U.S. gasoline stocks fell and oil prices solidified in the $ 105-a-barrel range. The NYSE Arca Oil Index (XOI 1357, +7.23, +0.54%) rose 0.4% to 1349. The NYSE Arca Natural Gas Index (XNG 683.35, +4.43, +0.65%) finished unchanged at [...]
Stocks rise after earnings continue to impress
Stocks edge higher Thursday on strong corporate earnings and hopes that can be improved. Electronics retailer Best Buy Co., software company Red Hat Inc. and chip maker Micron Technology Inc. all reported results that exceed expectations. Earnings growth is strong in American companies, which benefit from lower costs and stronger sales abroad. The government also [...]
PRECIOUS-Gold inches of oil, Middle East, Japan eyed
Gold prices edge higher on Tuesday on concerns about inflation caused by high oil prices and increased safe haven appeal amid growing tension in the Middle East following Western powers’ air raids on Libya. Investors also keep an eye on the progress of Japan in averting a full-blown nuclear catastrophe caused by a devastating earthquake [...]
