Markets to Watch Today

Crude-Oil: Crude-Oil futures reversed early losses to end the day slightly higher. Anticipation of a strike in Nigeria, Africa’s biggest oil exporter was behind the reversal. The strike threat is over demands for increased security in the Niger Delta, after an increase in oil-worker kidnappings. Also providing support was a pass in the UN deadline for Iran to halt its nuclear program. The October Crude-Oil contract settled up 32 cents at $70.03 a barrel.

Wheat: Wheat futures rose as a result of technical buying, combined with news of a reduction in Poland’s wheat crop. This buying moved the Wheat market to 3-week highs, continuing a 10% rally since mid-August. September Wheat settled up 17 cents at $3.9750 a bushel.

Gold: Gold futures rallied yesterday, supported by strength in the Euro. Trading conditions were thin as the September Gold contract rose $7 to settle at $617.70 an ounce.