Markets To Watch Today
Gold: Comments by Fed Chairman Bernanke that monetary tightening is close at hand generated some optimism causing the U.S. Dollar to reverse some of its past gains. This sparked some buying opportunities pushing gold up in trading yesterday. The July Gold contract rose $13.30 an ounce, closing at $641.60.
Natural Gas: After 2 straight days in a row of losses, Natural Gas prices were able to hold their own during Wednesday's trading session. August Natural Gas closed up 30.7 cents at $5.862 per million British thermal units.
Crude Oil: Reduced concerns regarding conflict in the Middle East and the U.S. Energy Information Administration report released yesterday, that U.S. Gasoline stockpiles had unexpectedly rose, pushed back Crude Oil prices to their lowest point for the month. The August Crude Oil contract dropped 88 cents, closing at $72.66 a barrel after dropping as low as $71.65.
Natural Gas: After 2 straight days in a row of losses, Natural Gas prices were able to hold their own during Wednesday's trading session. August Natural Gas closed up 30.7 cents at $5.862 per million British thermal units.
Crude Oil: Reduced concerns regarding conflict in the Middle East and the U.S. Energy Information Administration report released yesterday, that U.S. Gasoline stockpiles had unexpectedly rose, pushed back Crude Oil prices to their lowest point for the month. The August Crude Oil contract dropped 88 cents, closing at $72.66 a barrel after dropping as low as $71.65.
posted by XPRESSTRADE, LLC at 7/20/2006 06:11:00 AM
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